Determinants of Capital Structure: An Application on BIST Transportation Index
Journal Title: Muhasebe ve Finansman Dergisi - Year 2018, Vol 20, Issue 77
Abstract
This study examines the determinants of capital structure decisions for the firms operating in the transportation industry in Turkey. Firms listed on Borsa Istanbul Stock Exchange Transportation Index have been analyzed using panel data analysis for the period of 2002-2013. According to the findings “Tangibility” and “Size” are significantly and positively associated with long-term financing decisions, supporting trade-off theory. Additionally, results show the significant effects of corporate governance practices, specifically board size, board independence and institutional ownership on capital structure decisions
Authors and Affiliations
Ersin Fırat AKGÜL, Seçil Sigali
Keywords
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