Capital Structure and Financial Crisis: Evidence from Turkey

Mohamed Mohamud MAKARAN
Kocaeli University, Institute of Social Sciences, Accounting and Finance

The Financial crisis (FC) had a significant effect 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 regression analysis in order to investigate the impact financial crisis on capital structure over a sample of 15 cement companies in Turkey which are listed on Istanbul Stock Exchange (ISE) for the period 2005-2015. Financial debt is utilized as evaluation of dependent variables (DV) while, Size, Growth, Tangibility and Profitability are used in assessment of independent variables (IV).

Keywords: Capital Structure, Financial Crisis, Financial debt and Istanbul Stock Exchange
JEL Codes: F65, G30, G01

International Conference on International Trade Abstract Book/ editörler Kürşat Çapraz Irina Raluca Badea

İstanbul: Hiperlink Yayınları, 2018.