Yıl: 2022 Cilt: 30 Sayı: 54 Sayfa Aralığı: 225 - 242 Metin Dili: İngilizce DOI: 10.17233/sosyoekonomi.2022.04.12 İndeks Tarihi: 09-11-2022

The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks

Öz:
This study aims to investigate the bank-specific and macroeconomic factors that affect the capital structure of banks. The study used panel data from 42 banks operating in Turkey from year 2003 to 2017. In the analysis, total, long-term and short-term debt ratios are used as a proxy for capital structure. The findings show that bank size, growth opportunity, interest rate and exchange rate positively affect the three leverages, while profitability has a negative effect. Most of this study findings are related to the expectations of pecking order theory.
Anahtar Kelime:

Bankaya Özgü ve Makroekonomik Faktörlerin Bankaların Sermaye Yapısı Üzerine Etkisi

Öz:
Bu çalışma, bankaların sermaye yapısını etkileyen bankaya özgü ve makroekonomik faktörleri incelemeyi amaçlamaktadır. Çalışmada, Türkiye'de 2003-2017 yılları arasında faaliyet gösteren 42 bankanın panel verileri kullanılmıştır. Analizde, toplam borç, uzun vadeli ve kısa vadeli borç oranları sermaye yapısının göstergesi olarak kullanılmıştır. Araştırma bulguları, banka büyüklüğü, büyüme fırsatı, faiz oranı ve döviz kurunun kaldıraç oranlarını olumlu yönde etkilediğini, kârlılığın ise olumsuz yönde etkilediğini göstermektedir. Bu çalışmanın bulgularının çoğunluğu finansman hiyerarşisi teorisinin beklentileriyle uyumludur.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA ALI S, Dagli H, faedfar s, turan kurtaran a (2022). The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. , 225 - 242. 10.17233/sosyoekonomi.2022.04.12
Chicago ALI SEMIRA HASSEN,Dagli Huseyin,faedfar sara,turan kurtaran ayten The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. (2022): 225 - 242. 10.17233/sosyoekonomi.2022.04.12
MLA ALI SEMIRA HASSEN,Dagli Huseyin,faedfar sara,turan kurtaran ayten The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. , 2022, ss.225 - 242. 10.17233/sosyoekonomi.2022.04.12
AMA ALI S,Dagli H,faedfar s,turan kurtaran a The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. . 2022; 225 - 242. 10.17233/sosyoekonomi.2022.04.12
Vancouver ALI S,Dagli H,faedfar s,turan kurtaran a The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. . 2022; 225 - 242. 10.17233/sosyoekonomi.2022.04.12
IEEE ALI S,Dagli H,faedfar s,turan kurtaran a "The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks." , ss.225 - 242, 2022. 10.17233/sosyoekonomi.2022.04.12
ISNAD ALI, SEMIRA HASSEN vd. "The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks". (2022), 225-242. https://doi.org/10.17233/sosyoekonomi.2022.04.12
APA ALI S, Dagli H, faedfar s, turan kurtaran a (2022). The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. Sosyoekonomi, 30(54), 225 - 242. 10.17233/sosyoekonomi.2022.04.12
Chicago ALI SEMIRA HASSEN,Dagli Huseyin,faedfar sara,turan kurtaran ayten The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. Sosyoekonomi 30, no.54 (2022): 225 - 242. 10.17233/sosyoekonomi.2022.04.12
MLA ALI SEMIRA HASSEN,Dagli Huseyin,faedfar sara,turan kurtaran ayten The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. Sosyoekonomi, vol.30, no.54, 2022, ss.225 - 242. 10.17233/sosyoekonomi.2022.04.12
AMA ALI S,Dagli H,faedfar s,turan kurtaran a The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. Sosyoekonomi. 2022; 30(54): 225 - 242. 10.17233/sosyoekonomi.2022.04.12
Vancouver ALI S,Dagli H,faedfar s,turan kurtaran a The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks. Sosyoekonomi. 2022; 30(54): 225 - 242. 10.17233/sosyoekonomi.2022.04.12
IEEE ALI S,Dagli H,faedfar s,turan kurtaran a "The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks." Sosyoekonomi, 30, ss.225 - 242, 2022. 10.17233/sosyoekonomi.2022.04.12
ISNAD ALI, SEMIRA HASSEN vd. "The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks". Sosyoekonomi 30/54 (2022), 225-242. https://doi.org/10.17233/sosyoekonomi.2022.04.12