Capital Structure Decisions Under Uncertainty: the Case of Turkey

dc.authorid ERUYGUR, HAKKI OZAN/0000-0002-7176-0467
dc.authorscopusid 57191250534
dc.authorscopusid 58096135800
dc.authorwosid ERUYGUR, HAKKI OZAN/JYP-8738-2024
dc.contributor.author Dincergok, Burcu
dc.contributor.author Eruygur, Hakki Ozan
dc.contributor.other Business
dc.date.accessioned 2024-07-05T15:26:40Z
dc.date.available 2024-07-05T15:26:40Z
dc.date.issued 2024
dc.department Atılım University en_US
dc.department-temp [Dincergok, Burcu] Atilim Univ, Dept Business, Ankara, Turkiye; [Eruygur, Hakki Ozan] Ankara Hacibayram Veli Univ, Dept Econ, Ankara, Turkiye en_US
dc.description ERUYGUR, HAKKI OZAN/0000-0002-7176-0467 en_US
dc.description.abstract This study analyzes the relationship between uncertainty and target leverage ratios on manufacturing firms listed in Borsa Istanbul between 2005-2020. To handle possible instrument proliferation and weak instrument problems of System GMM methodology of dynamic panel data, we mainly adopted the Quasi Maximum Likelihood estimator and found that uncertainty has a significant negative marginal effect on target leverage ratios. Our analysis revealed that firms with high levels of uncertainty have lower average leverage ratios than other firms. ANCOVA analysis results show that uncertainty is in the first three time-varying variables which have the highest impact on target leverage variation. en_US
dc.identifier.citationcount 1
dc.identifier.doi 10.1080/16081625.2023.2170894
dc.identifier.endpage 456 en_US
dc.identifier.issn 1608-1625
dc.identifier.issn 2164-2257
dc.identifier.issue 3 en_US
dc.identifier.scopus 2-s2.0-85147679703
dc.identifier.scopusquality Q3
dc.identifier.startpage 441 en_US
dc.identifier.uri https://doi.org/10.1080/16081625.2023.2170894
dc.identifier.uri https://hdl.handle.net/20.500.14411/2581
dc.identifier.volume 31 en_US
dc.identifier.wos WOS:000928931300001
dc.identifier.wosquality Q4
dc.institutionauthor Dinçergök, Burcu
dc.language.iso en en_US
dc.publisher Routledge Journals, Taylor & Francis Ltd en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/closedAccess en_US
dc.scopus.citedbyCount 1
dc.subject Target capital structure en_US
dc.subject uncertainty en_US
dc.subject Quasi maximum likelihood estimation for the dynamic panel data (DPDQML) en_US
dc.subject speed of adjustment en_US
dc.subject system GMM en_US
dc.title Capital Structure Decisions Under Uncertainty: the Case of Turkey en_US
dc.type Article en_US
dc.wos.citedbyCount 1
dspace.entity.type Publication
relation.isAuthorOfPublication 701ac72a-52a2-420e-b497-6cc8f8a53d6a
relation.isAuthorOfPublication.latestForDiscovery 701ac72a-52a2-420e-b497-6cc8f8a53d6a
relation.isOrgUnitOfPublication acc4fdb6-4892-414d-ae54-d1932f9fa723
relation.isOrgUnitOfPublication.latestForDiscovery acc4fdb6-4892-414d-ae54-d1932f9fa723

Files

Collections