Abstract
This paper investigates the determinants of capital structure of production firms listed in ISE. The data of 196 firms are obtained from the quarterly financial statements between 2001q2 – 2008q2. We used the method of Panel Corrected Standard Errors developed by Beck and Katz (1995) to examine the data set in which, in total, we have 5684 observations. The findings can be interpreted as the relevance of pecking order theory for the short term debts whereas the relevance of static tradeoff theory for the long term debts, of firms listed in ISE.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
