Year 2018, Volume 8, Issue 1, Pages 34 - 37 2018-12-30

THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX

Oktay Tas [1] , Sinan Ede [2]

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Purpose - This study aims to examine the effect of capital structure on firm specific variables such as stock performance, growth, profitability. The study also aims to investigate relationship between GDP, inflation and capital structure of firms in a macro view.

Methodology - To apply our study, we use eight main companies of Turkey Non-Metal Mineral Products Index which are carrying out its operations in cement industry. To represent firm value, growth and, profitability, we use stock price, sales and EBITDA margin, respectively. We retrieve our data from Rasyonet on a quarterly basis from 2000 to 2018.

Findings - Our regression analysis shows that leverage generally does not have any significant relationship with examined variables. Also, we could not find any relationship with debt ratio and inflation for our companies.

Conclusion- Investment purpose debt increase is mostly observed in recent years, so it takes time to see result of it.

Capital structure, Debt ratio, Turkey Non-Metal Mineral Products Index
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Primary Language en
Subjects Humanities, Multidisciplinary
Journal Section Articles
Authors

Orcid: 0000-0002-8019-5308
Author: Oktay Tas (Primary Author)

Orcid: 0000-0002-6359-7321
Author: Sinan Ede

Bibtex @research article { pap506089, journal = {PressAcademia Procedia}, issn = {}, eissn = {2459-0762}, address = {PressAcademia}, year = {2018}, volume = {8}, pages = {34 - 37}, doi = {10.17261/Pressacademia.2018.976}, title = {THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX}, key = {cite}, author = {Tas, Oktay and Ede, Sinan} }
APA Tas, O , Ede, S . (2018). THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX. PressAcademia Procedia, 8 (1), 34-37. DOI: 10.17261/Pressacademia.2018.976
MLA Tas, O , Ede, S . "THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX". PressAcademia Procedia 8 (2018): 34-37 <http://dergipark.org.tr/pap/issue/42051/506089>
Chicago Tas, O , Ede, S . "THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX". PressAcademia Procedia 8 (2018): 34-37
RIS TY - JOUR T1 - THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX AU - Oktay Tas , Sinan Ede Y1 - 2018 PY - 2018 N1 - doi: 10.17261/Pressacademia.2018.976 DO - 10.17261/Pressacademia.2018.976 T2 - PressAcademia Procedia JF - Journal JO - JOR SP - 34 EP - 37 VL - 8 IS - 1 SN - -2459-0762 M3 - doi: 10.17261/Pressacademia.2018.976 UR - https://doi.org/10.17261/Pressacademia.2018.976 Y2 - 2019 ER -
EndNote %0 PressAcademia Procedia THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX %A Oktay Tas , Sinan Ede %T THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX %D 2018 %J PressAcademia Procedia %P -2459-0762 %V 8 %N 1 %R doi: 10.17261/Pressacademia.2018.976 %U 10.17261/Pressacademia.2018.976
ISNAD Tas, Oktay , Ede, Sinan . "THE EFFECT OF CAPITAL STRUCTURE ON THE VALUE OF FIRM. A STUDY OF TURKEY NON-METAL MINERAL PRODUCTS INDEX". PressAcademia Procedia 8 / 1 (December 2019): 34-37. https://doi.org/10.17261/Pressacademia.2018.976