Yıl: 2020 Cilt: 7 Sayı: 1 Sayfa Aralığı: 142 - 152 Metin Dili: İngilizce DOI: DOI: https://dx.doi.org/10.17336/igusbd.525488 İndeks Tarihi: 14-10-2020

Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation

Öz:
This research investigates the factors affecting the financial leverage of 52 servicefirms listed on Istanbul Stock Exchange during the period from 2008 to 2017. UsingOrdinary Least Squares (OLS) regressions, our results indicated that, as assumed by thepecking order model, leverage increases with investment opportunities and decreaseswith profitability, liquidity and tangibility. Furthermore, we find that larger firms tend tohave high leverage. However, contradicting the trade-off model, non-debt tax shields arepositively and significantly related to leverage.
Anahtar Kelime:

Türkiye’de Hizmet Firmalarının Finansal Kaldıracını Etkileyen Faktörler Üzerine Ampirik Bir Araştırma

Öz:
Bu çalışma 2008-2017 yılları arasında Borsa İstanbul’da (BİST) hisse senetleri işlem gören 52 hizmet firmanın finansal kaldıracını etkileyen faktörleri incelemektedir. En küçük kareler yönetimini (OLS) kullanarak çalışmanın sonuçları, finansal hiyerarşi modelinde varsayıldığı gibi, kaldıracın büyüme fırsatları ile arttığını ve karlılık, likidite ve maddi duran varlıklar ile azaldığını göstermiştir. Ayrıca, büyük firmaların yüksek kaldıraca sahip olduğu ortaya çıkmıştır. Bununla birlikte, dengeleme modelinin tersine, kaldıraç ile borç dışı vergi kalkanı arasındaki ilişki pozitif ve anlamlı olduğu tespit edilmiştir.
Anahtar Kelime:

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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APA BİLEN A, kalash I (2020). Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. , 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
Chicago BİLEN Abdulkadir,kalash Ismail Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. (2020): 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
MLA BİLEN Abdulkadir,kalash Ismail Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. , 2020, ss.142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
AMA BİLEN A,kalash I Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. . 2020; 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
Vancouver BİLEN A,kalash I Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. . 2020; 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
IEEE BİLEN A,kalash I "Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation." , ss.142 - 152, 2020. DOI: https://dx.doi.org/10.17336/igusbd.525488
ISNAD BİLEN, Abdulkadir - kalash, Ismail. "Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation". (2020), 142-152. https://doi.org/DOI: https://dx.doi.org/10.17336/igusbd.525488
APA BİLEN A, kalash I (2020). Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi, 7(1), 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
Chicago BİLEN Abdulkadir,kalash Ismail Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi 7, no.1 (2020): 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
MLA BİLEN Abdulkadir,kalash Ismail Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi, vol.7, no.1, 2020, ss.142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
AMA BİLEN A,kalash I Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi. 2020; 7(1): 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
Vancouver BİLEN A,kalash I Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi. 2020; 7(1): 142 - 152. DOI: https://dx.doi.org/10.17336/igusbd.525488
IEEE BİLEN A,kalash I "Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation." İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi, 7, ss.142 - 152, 2020. DOI: https://dx.doi.org/10.17336/igusbd.525488
ISNAD BİLEN, Abdulkadir - kalash, Ismail. "Factors Affecting the Financial Leverage of Service Firms in Turkey: An Empirical Investigation". İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi 7/1 (2020), 142-152. https://doi.org/DOI: https://dx.doi.org/10.17336/igusbd.525488