Sermaye Yapısı ve Firma Performansı İlişkisi: BİST Otomotiv Sektörü Üzerine Ampirik Bir Çalışma
Abstract
The purpose of this study is; to test the capital structure an its relationship with return on assets and return on equity of 11 companies in the otomotive sector whose shares are traded in Borsa İstanbul. The data of the study were taken from the Public Disclosure Platform (KAP). Panel data analysis method was preferred as the data consisted of cross section and time series. As a result of the tests, it was decided to use the fixed effects model estimator, which is one of the panel data analysis methods. While capital structure was used as the dependent variable in the study, return on assets (ROA) and return on equity ratios (ROE) were utilized as independent variables. As a result of the findings obtained from all tests, a negative and statistically significant relationship was found between the capital structure and return on assets and return on equity.
Keywords
Capital structure , financial performance , panel data analysis
Kaynakça
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