TY  - JOUR
TI  - Determinants of Capital Structure: Empirical Evidence from Manufacturing Firms Listed on BIST
AB  - In this study, we analyze the impact of firm-level determinants on the capital structure decisions of Turkish publicly traded firms operating in the manufacturing sector over the period from 2010 to 2019, and we also investigate whether this impact is particularly associated with firm size and level of debt. Panel regression results based on the Driscoll-Kraay procedure imply that firm-specific variables selected within the framework of two dominant theories of capital structure play critical roles in explaining the changes in borrowing behaviors of the firms. Moreover, our empirical results reveal that the impact of the firm- level variables on capital structure varies over different groups of firms.
AU  - IŞIK, Özcan
AU  - ERSOY, ERSAN
DO  - 10.17153/oguiibf.974459
PY  - 2021
JO  - Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi
VL  - 16
IS  - 3
SN  - 1306-6730
SP  - 842
EP  - 855
DB  - TRDizin
UR  - http://search/yayin/detay/1132672
ER  -