Comparative Analysis of Factors Affecting the Capital Structure of Small and Medium Enterprises in BIST Manufacturing Sector Using Canonical Correlation Analysis Cover Image

BİST İmalat Sektöründeki Küçük Boyuttaki ve Orta Ölçekteki İşletmelerin Sermaye Yapısına Etki Eden Faktörlerin Kanonik Korelasyon Analizi İle Karşılaştırmalı Olarak İncelenmesi
Comparative Analysis of Factors Affecting the Capital Structure of Small and Medium Enterprises in BIST Manufacturing Sector Using Canonical Correlation Analysis

Author(s): Nilüfer Yücedağ Erdinç, Güven SAYILGAN
Subject(s): Supranational / Global Economy, Business Economy / Management, Methodology and research technology
Published by: İşletme Araştırmaları Dergisi
Keywords: Capital Structure; Manufacturing Firms; Canonical Correlation Analysis;

Summary/Abstract: Purpose – The aim of this study is to investigate the firm specific and the macroeconomic factors affecting the capital structure decisions of small and medium sized manufacturing firms which are traded at Borsa İstanbul. It is a comparative analysis of the relationship between firms and capital structure decisions. Thus, it can be shown whether the factors affecting the capital structure decisions of small and medium sized manufacturing sector enterprises are different from each other or to what extent they are different. Design/methodology/approach – The period of 2009-2017, a sample of 134 manufacturing firms, operating in Borsa Istanbul are grouped according to their asset sizes. As a result of the grouping, 110 firms are classified as small and medium sized (SME) enterprises according to their asset size.

  • Issue Year: 12/2020
  • Issue No: 1
  • Page Range: 826-847
  • Page Count: 22
  • Language: Turkish