THE ROLE OF EXPORTING ON CAPITAL STRUCTURE: A FIRM-LEVEL INVESTIGATION

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dc.contributor.authorInal, Ersin
dc.contributor.authorErgun, Bahadir
dc.date.accessioned2025-01-06T17:36:48Z
dc.date.available2025-01-06T17:36:48Z
dc.date.issued2022
dc.description.abstractIn this study, the effect of exports on capital structure decisions was investigated at the firm level. Annual data of 208 companies exporting in Turkey for the period 2005-2019 were used. Leverage was used as the dependent variable, and export intensity was used as the primary independent variable. In addition, asset structure, cash flow, firm size variables were added as control variables in the study. The current ratio, real effective exchange rate, and real gross domestic product variables are added to test the estimation results of the model. Panel data regression analysis was applied. According to the analysis results, a positive relationship was found between export intensity and leverage, but this relationship is statistically insignificant. A positive and statistically significant association was found between asset structure and firm size and leverage. A negative relationship was found between cash flow and leverage. There is a negative relationship between the current ratio and the leverage and there is a negative relationship between the real effective exchange rate and leverage. Additionally, gross domestic product negatively affects the leverage, but this relationship is statistically insignificant.
dc.identifier.doi10.30784/epfad.1094372
dc.identifier.endpage333
dc.identifier.issn2587-151X
dc.identifier.issue2
dc.identifier.startpage316
dc.identifier.trdizinid1125547
dc.identifier.urihttps://doi.org/10.30784/epfad.1094372
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1125547
dc.identifier.urihttps://hdl.handle.net/20.500.14669/2008
dc.identifier.volume7
dc.identifier.wosWOS:001343074200004
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherEconomic And Financial Research Assoc - Efad
dc.relation.ispartofEkonomi Politika & Finans Arastirmalari Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241211
dc.subjectCapital Structure
dc.subjectExporting
dc.subjectPanel Data Analysis
dc.titleTHE ROLE OF EXPORTING ON CAPITAL STRUCTURE: A FIRM-LEVEL INVESTIGATION
dc.typeArticle

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