CAPITAL STRUCTURE DETERMINANTS: EVIDENCE FOR TURKISH MANUFACTURING FIRMS AT ISTANBUL STOCK EXCHANGE

Date

1992

Author

UĞURLU, Mine

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There are numerous attempts to explain the corporate debt policies. The current theories approach the issue from different aspects but agree on the existence of an optimal capital structure in corporations. However, the reasons for existence of intra-industry differences in capital structures of firms and inter-industry variations are the subjects of empirical research and remain unsolved. This paper attempts to adopt an integrated approach to the issue. In the first part, several theories in this field are summarized. In the second part, a number of hypotheses are formulated. The third part explains the data and methodology used in the research. In the fourth part, the findings of the research are summarized and integrated with the findings of other empirical studies. The concluding part focuses on the implications of findings.

URI

https://hdl.handle.net/11511/110518

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Department of Business Administration, Article