Abstract
The Financial crisis (FC) displayed a crucial impact on the financial markets, incredibly decreasing security issuance by companies. A standout amongst the outcome of the interruption of the capital furthermore lending markets created by financial crisis might have been enhancing the level of debt in firm capital structures. Therefore, this paper uses Dynamic Panel Data (GMM) Estimator in order to investigate the impact financial crisis on capital structure over a sample of 15 cement firms that are recorded on Istanbul Stock Exchange from 2005 to 2015. Financial debt is utilized as evaluation of dependent variables (DV) while, Size, Growth, Tangibility and Profitability are used in assessment of independent variables (IV).
The results indicate that there is connection between firm’s capital structure and financial crisis. Furthermore; the results express that firm size, tan, growth, NDTS are positive associated with leverage while profitability and leverage are negatively related.
Keywords: Capital Structure Leverage Liquidity Financial Crisis and Cement Companies.
Abstract
The Financial crisis (FC) displayed a crucial impact on the financial markets, incredibly decreasing security issuance by companies. A standout amongst the outcome of the interruption of the capital furthermore lending markets created by financial crisis might have been enhancing the level of debt in firm capital structures. Therefore, this paper uses Dynamic Panel Data (GMM) Estimator in order to investigate the impact financial crisis on capital structure over a sample of 15 cement firms that are recorded on Istanbul Stock Exchange from 2005 to 2015. Financial debt is utilized as evaluation of dependent variables (DV) while, Size, Growth, Tangibility and Profitability are used in assessment of independent variables (IV).
The results indicate that there is connection between firm’s capital structure and financial crisis. Furthermore; the results express that firm size, tan, growth, NDTS are positive associated with leverage while profitability and leverage are negatively related.
Keywords: Capital Structure Leverage Liquidity Financial Crisis and Cement Companies.
Birincil Dil | İngilizce |
---|---|
Konular | İşletme |
Bölüm | Makaleler |
Yazarlar | |
Yayımlanma Tarihi | 13 Şubat 2022 |
Gönderilme Tarihi | 15 Aralık 2021 |
Kabul Tarihi | 3 Şubat 2022 |
Yayımlandığı Sayı | Yıl 2021 Cilt: 4 Sayı: 2 |
InTraders Uluslararası Ticaret Akademik Dergisi
Editör Kurulu
Prof. Dr. Adriana BURLEA-SCHIOPOIU, University of Craiova, Romania
Prof. Dr. Tulus Suryanto, Universitas Islam Negeri Raden Intan Lampung, Indonesia
Assoc. Prof. Dr., Liza ALILI SULEJMANI, International Balkan University, Macedonia
PhD Faculty Member, Ali YILDIZ, Muğla Sıtkı Koçman University, Türkiye
Dr. Instructor Sobia HASSAN, Lahore College For Women University, Pakistan
intradersorg@gmail.com
InTraders International Trade Academic Journal isimli yazarın InTraders International Trade Academic Journal başlıklı eseri bu Creative Commons Atıf-GayriTicari 4.0 Uluslararası Lisansı ile lisanslanmıştır.