TY  - JOUR
TI  - Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation
AB  - This research investigates the factors affecting the financial leverage of 52 servicefirms listed on Istanbul Stock Exchange during the period from 2008 to 2017. UsingOrdinary Least Squares (OLS) regressions, our results indicated that, as assumed by thepecking order model, leverage increases with investment opportunities and decreaseswith profitability, liquidity and tangibility. Furthermore, we find that larger firms tend tohave high leverage. However, contradicting the trade-off model, non-debt tax shields arepositively and significantly related to leverage.
AU  - kalash, Ismail
AU  - BİLEN, Abdulkadir
DO  - DOI: https://dx.doi.org/10.17336/igusbd.525488
PY  - 2020
JO  - İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi
VL  - 7
IS  - 1
SN  - 2148-4287
SP  - 142
EP  - 152
DB  - TRDizin
UR  - http://search/yayin/detay/363706
ER  -