@article{article_1066617, title={The Impact of Bank-Specific and Macroeconomic Factors on the Capital Structure of Banks}, journal={Sosyoekonomi}, volume={30}, pages={225–242}, year={2022}, DOI={10.17233/sosyoekonomi.2022.04.12}, author={Alı, Semira Hassen and Dagli, Hüseyin and Faedfar, Sara and Turan Kurtaran, Ayten}, keywords={Bank, Capital Structure, Leverage, Panel Data Analysis}, abstract={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.}, number={54}, publisher={Sosyoekonomi Society}