@article{article_1602680, title={The Research on the Factors Affecting the Capital Structure of Cement Companies}, journal={Journal of Accounting and Taxation Studies}, volume={18}, pages={341–350}, year={2025}, DOI={10.29067/muvu.1602680}, author={Say, Servet and Ceran, Yunus}, keywords={Çimento Sektörü, Sermaye Yapısı, Panel Veri Analizi, Finansal Oranlar.}, abstract={Cement is a basic binder of concrete, which is the most consumed building material in the world after water. Therefore, cement, which is important in a wide range of areas, has gained strategic importance in recent years with the emergence of issues such as environmental sustainability, use of new and innovative technologies and energy efficiency. Cement factories operating in Türkiye carry out production according to TS EN standards harmonized with European standards. Türkiye’s cement sector attracts attention with its strong investments, export-oriented strategy and ability to adapt to economic conditions. In this context, the financial soundness and sustainability of cement companies play a critical role in the future of the sector and economic stability. This study aims to examine the factors affecting the capital structure of 13 cement companies traded in Borsa İstanbul between 2014-2023 using panel data analysis. The results obtained from the study showed that the variables of current ratio and return on assets negatively affect the capital structure of cement companies, while company size, tangible assets/total assets and current assets/total assets variables positively affect the capital structure of companies. It is thought that these findings will help companies operating in the cement industry to increase their sustainability, evaluate their financial soundness and make strategic decisions.}, number={2}, publisher={Ankara Serbest Muhasebeci Mali Müşavirler Odası}