EN
Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market
Öz
The purpose of this study is to test how equity market timing affects capital structure from the perspective of IPO (Initial Public Offering) event in ISE for the period between 1999-2008. Our dataset comprises of all firms (75 firms) that went public from the period of January 1999 to December 2008 in Turkey that are available in ISE database. We analyse the market timing theory by applying cross sectional regression method. For this purpose, first, we test the impact of market timing on the amount of equity issued by IPO firms. Second we examine the impact of market timing on capital structure. We conclude that market timing theory is not valid for Turkey.
Anahtar Kelimeler
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Mart 2013
Gönderilme Tarihi
1 Mart 2013
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2013 Cilt: 3 Sayı: 1
APA
Çelik, S., & Akarim, Y. D. (2013). Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market. International Journal of Economics and Financial Issues, 3(1), 140-152. https://izlik.org/JA85KU66EX
AMA
1.Çelik S, Akarim YD. Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market. IJEFI. 2013;3(1):140-152. https://izlik.org/JA85KU66EX
Chicago
Çelik, Sibel, ve Yasemin Deniz Akarim. 2013. “Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market”. International Journal of Economics and Financial Issues 3 (1): 140-52. https://izlik.org/JA85KU66EX.
EndNote
Çelik S, Akarim YD (01 Mart 2013) Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market. International Journal of Economics and Financial Issues 3 1 140–152.
IEEE
[1]S. Çelik ve Y. D. Akarim, “Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market”, IJEFI, c. 3, sy 1, ss. 140–152, Mar. 2013, [çevrimiçi]. Erişim adresi: https://izlik.org/JA85KU66EX
ISNAD
Çelik, Sibel - Akarim, Yasemin Deniz. “Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market”. International Journal of Economics and Financial Issues 3/1 (01 Mart 2013): 140-152. https://izlik.org/JA85KU66EX.
JAMA
1.Çelik S, Akarim YD. Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market. IJEFI. 2013;3:140–152.
MLA
Çelik, Sibel, ve Yasemin Deniz Akarim. “Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market”. International Journal of Economics and Financial Issues, c. 3, sy 1, Mart 2013, ss. 140-52, https://izlik.org/JA85KU66EX.
Vancouver
1.Sibel Çelik, Yasemin Deniz Akarim. Does Market Timing Drive Capital Structure? Empirical Evidence from an Emerging Market. IJEFI [Internet]. 01 Mart 2013;3(1):140-52. Erişim adresi: https://izlik.org/JA85KU66EX