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Year 2018, , 193 - 215, 01.01.2018

Ersin Fırat Akgül Seçil Sigali

https://doi.org/10.25095/mufad.401506
Cited By: 4

Abstract

References

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Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama

Year 2018, , 193 - 215, 01.01.2018

Ersin Fırat Akgül Seçil Sigali

https://doi.org/10.25095/mufad.401506
Cited By: 4

Abstract

Bu çalışmada, Türkiye’de faaliyet gösteren ulaştırma işletmelerinin sermaye yapısı kararlarını etkileyen faktörler incelenmektedir. Borsa Istanbul Ulaştırma Endeksinde işlem gören 11 adet ulaştırma işletmesi, 2002-2013 yıllarını kapsayacak şekilde panel veri analizi ile incelenmiştir. Çalışmanın bulgularına göre, “Varlık Yapısı” ve “İşletme Büyüklüğü” ile “Uzun Vadeli Borçlanma Oranı” arasında anlamlı ve pozitif bir ilişki bulunmuştur. Bu sonuç “Dengeleme Teorisini” desteklemektedir. Ayrıca elde edilen sonuçlar, kurumsal yönetim uygulamalarının, özellikle yönetim kurulu büyüklüğü, yönetim kurulu bağımsız üye sayısı ve kurumsal sahiplik oranının sermaye yapısı kararlarında anlamlı bir etkisi olduğunu göstermektedir.

Keywords

Sermaye Yapısı Kurumsal Yönetim Ulaştırma Endeksi Türkiye

References

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  • Amihud, Y. - Mendelson, H. (1986), “Asset Pricing and the Bid-Ask Spread”, Journal of Financial Economics, 17(2), pp.223-249.
  • Andreou, P. C. – Louca C. - Panayides P.M. (2014), “Corporate Governance, Financial Management Decisions and Firm Performance: Evidence from the Maritime Industry”, Transportation Research Part E, 63, pp.59-78.
  • Arvanitis, S. - Tzigkounaki, I.S. - Stamatopoulos, T.V. – Thalassinos E.I. (2012), “Dynamic Approach of Capital Structure of European Shipping Companies” International Journal of Economic Sciences and Applied Research, 5(3), pp.33-63.
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  • Backx, M. - Carney, M.- Gedajlovic, E. (2002), “Public, Private and Mixed Ownership and the Performance of International Airlines” Journal of Air Transport Management, 8(4), pp. 213-220.
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  • Baskin, J. (1989), “An Empirical Investigation of the Pecking Order Hypothesis”, Financial Management, 18(1), pp. 26-35.
  • Berger, P.G. - Ofek, E. - Yermack D.L. (1997), “Managerial Entrenchment and Capital Structure Decisions”, The Journal of Finance, 52(4), pp.1411-1438.
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  • Bradley, M. - Jarrell, G.A. - Kim, E.H. (1984), “On the Existence of an Optimal Capital Structure: Theory and Evidence”, The Journal of Finance, 39(3), pp.857-878.
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  • Brealey, R.A. - Myers, S.C. - Allen, F. (2011), Principles of Corporate Finance, New York : McGraw-Hill.
  • Capobianco, H.M.P. - Fernandes, E. (2004), “Capital Structure in the World Airline Industry”, Transportation Research Part A: Policy and Practice, 38(6), pp.421-434.
  • Chen, C.C. (2004), “Determinants of Capital Structure of Chinese-Listed Companies”, Journal of Business Research, 57(12), pp.1341-1351.
  • Chang, YK. - Chou, R.K. - Huang TH. (2014), “Corporate Governance and the Dynamics of Capital Structure: A New Evidence”, Journal of Banking and Finance, 48, pp.374-385.
  • Chittenden, F. - Hall, G. - Hutchinson, P. (1996), “Small Firm Growth, Access to Capital Markets and Financial Structure: Review of Issues and Empirical Investigation”, Small Business Economics, 8(1), pp.59-67.
  • Chung, Y.P. - Na, H.S. - Smith R. (2013), “How Important is Capital Structure Policy to Firm Survival?”, Journal of Corporate Finance, 22, pp.83-103.
  • Çağlayan, E. (2006), “Sermaye Yapısı Bileşenleri: Kantil Regresyon Modeli”, İktisat, İşletme ve Finans, 21(248), ss.66-76.
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  • De Angelo, H. - Masulis, R.W. (1980), “Optimal Capital Structure Under Corporate and Personal Taxation”, Journal of Financial Economics, 8(1), pp.3-29.
  • Delcoure, N. (2007), “The Determinants of Capital Structure in Transitional Economies. International Review of Economics & Finance, 16(3), pp.400-415.
  • Deloitte (2013), “The Logistics Industry in Turkey", http://www.invest.gov.tr/en-US/infocenter/publications/Documents/TRANSPORTATION-LOGISTICS-INDUSTRY.pdf , (15.07.2014)
  • Doğukanlı, H. - Acaravcı, S. (2004), “Türkiye’de Sermaye Yapısını Etkileyen Faktörlerin İmalat Sanayinde Sınanması”, İktisat İşletme ve Finans, 19(225), pp.43-57.
  • Drobetz, W. - Fix, R. (2003), “What are the Determinants of Capital Structure? Some Evidence for Switzerland”, http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.199.1335&rep=rep1&type=pdf , (15.02.2014)
  • Drobetz, W. - Gounopoulos, D. - Merikas, A. - Schröder, H. (2013), “Capital Structure Decisions of Globally-Listed Shipping Companies”, Transportation Research Part E, 52, pp.49-76.
  • Fama, E. F. - French, K. R. (2002), “Testing Trade-Off and Pecking Order Predictions About Dividends and Debt”, Review of Financial Studies, 15(1), pp.1-33.
  • Fan, J.P.H. - Titman, S. - Twite, G. (2012), “An International Comparison of Capital Structure and Debt Maturity Choices”, Journal of Financial and Quantitative Analysis, 47(1), pp:23-56.
  • Ferri, M.G. - Jones, W.H. (1979), “Determinants of Financial Structure: A New Methodological Approach”, The Journal of Finance, 34(3), pp.631-644.
  • Frank, M.Z. - Goyal, V.K. (2009), “Capital Structure Decisions: Which Factors Are Reliably Important?”, Financial Management, 38(1), pp.1-37.
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There are 99 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section Research Article
Authors

Ersin Fırat Akgül This is me

Seçil Sigali

Publication Date January 1, 2018
Submission Date July 31, 2017
Published in Issue Year 2018

Cite

APA Akgül, E. F., & Sigali, S. (2018). Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama. Muhasebe Ve Finansman Dergisi(77), 193-215. https://doi.org/10.25095/mufad.401506
AMA Akgül EF, Sigali S. Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama. Muhasebe ve Finansman Dergisi. January 2018;(77):193-215. doi:10.25095/mufad.401506
Chicago Akgül, Ersin Fırat, and Seçil Sigali. “Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama”. Muhasebe Ve Finansman Dergisi, no. 77 (January 2018): 193-215. https://doi.org/10.25095/mufad.401506.
EndNote Akgül EF, Sigali S (January 1, 2018) Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama. Muhasebe ve Finansman Dergisi 77 193–215.
IEEE E. F. Akgül and S. Sigali, “Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama”, Muhasebe ve Finansman Dergisi, no. 77, pp. 193–215, January 2018, doi: 10.25095/mufad.401506.
ISNAD Akgül, Ersin Fırat - Sigali, Seçil. “Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama”. Muhasebe ve Finansman Dergisi 77 (January 2018), 193-215. https://doi.org/10.25095/mufad.401506.
JAMA Akgül EF, Sigali S. Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama. Muhasebe ve Finansman Dergisi. 2018;:193–215.
MLA Akgül, Ersin Fırat and Seçil Sigali. “Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama”. Muhasebe Ve Finansman Dergisi, no. 77, 2018, pp. 193-15, doi:10.25095/mufad.401506.
Vancouver Akgül EF, Sigali S. Sermaye Yapısını Etkileyen Faktörler: BIST Ulaştırma Endeksinde Bir Uygulama. Muhasebe ve Finansman Dergisi. 2018(77):193-215.

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