BDDK Bankacılık ve Finansal Piyasalar Dergisi 1307-5705 1307-945X Bankacılık Düzenleme ve Denetleme Kurumu Determinants of Capital Structure in Financial Institutions: The Case of Turkey Determinants of Capital Structure in Financial Institutions: The Case of Turkey Asarkaya Yakup Özcan Serkan 06 01 2007 1 1 91 109 Copyright © 2007, BDDK Bankacılık ve Finansal Piyasalar Dergisi 2007 BDDK Bankacılık ve Finansal Piyasalar Dergisi Sermaye Yeterliliği Türk Bankacılık Sektörü GMM Capital Adequacy Turkish Banking Sector GMM 1 Miller H. M. (1995). Do the M&M Propositions Apply to Banks? Journal of Ban- king and Finance, 19(3): 483-489. 2 Modigliani F. and Miller H. M. (1958). The Cost of Capital, Corporation Finan- ce and The Theory of Investment. American Economic Review, 48(3): 261-297. 3 Osterberg P. W. and Thomson B. J. (1990). Optimal Financial Structure and Bank Capital Requirements: An Empirical Investigation. Federal Reserve Bank of Cleveland Working Paper, No: 9007. 4 Wong, J., Choi, K., and Fong, T.. (2005). Determinants of the capital level of banks in Hong Kong. Hong Kong Monetary Authority Quarterly Bulletin, Sep- tember 2005: 14-37.