The impact of capital structure on business profitability and export performance of large and medium size enterprises

Businesses are set up and live for a variety of objectives, primarily with the goal of profit making by capital holders. Businesses engage in domestic and international sales and different activities to increase their profits. The companies with high exchange rates aiming to increase their profits and also work for preventing the current account deficit of their country by exploring more. The exportation burden of the countries is carried by large and midsize business.İt is searched in the studies, whether there is a relationship between exportataion performance which is important in this respect, profit rates and ownership status of business. In 2018, they researched the effects of the capital structure and ownership rations of the business which are called BOBİ andsubject to seperate financial reporting on the profits and exportat performance of the business. In this study, the date of the 19 producer-exporter and exporter business which are classified as BOBİ and whose full data were obtained from the first 40 business in terns of 2017 export figures are used like:the eight-year export between 2010-2017, export densities, net profit ratios, active profit ratios,equity ratios, capital structure(ownership structure), age of business and the number of employess ofthe business. The established hypotheses were subjected to panel dataanalysis with the help of four different models and the status of the hypotheses were evaluated. The findings obtained as a result of the study are as follows:It was found that the export densities of the enterprises had an effect on the business export figures, the return on operating capital had an impact on the return on operating assets, the return on the return on operating equity had an impact on the return on equity of the enterprise and the return on the operating capital had an impact on the net operating profit. Apart from these, it was found that the independent capital structure (ownership status), number of employees and working age independent variables had no effect on the export figure and profitability ratios. Keywords: Large and Medium Sized Enterprises, Capital Structure (Ownership), Export Performance, Profitability Rates, Panel Data Analysis