The Effects of Capital Structure Decisions on Firm Performance: EvidencefromTurkey
نویسنده
چکیده
The aim of this study is to investigate the effects of capital structure decisions on firms’ profitability in manufacturing sector in Turkey. The data used in this research corresponds to the financial statements of manufacturing companies collected between 2005 and 2011. Regression analysis was employed by using financial ratios obtained from financial statements of firms within the scope of analysis. According to results, short term liabilities to total assets and long term liabilities to total assets have a negative relationship with the ROA indicator. There is a positive relationship between operating income to financial expenditures and financial performance.
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