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Effect on profitability and continuity of capital structure a study on BİST 100

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2015
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Advisor: Prof. Dr. Mustafa Uçar

Abstract (EN)

The relationship between capital structure and profitability, nearly half a century is regarded as one of literature on the topic of conversation. The profitability of the capital structure, there are studies suggesting that the lack of any relationship and also asserts that the profitability of capital structure the studies is available in the academic literature. Our country has been a topic studied this subject in recent years. The assets of the business, which is comprised of resources, profitability and affect the values that are important from a business perspective as continuity. Nowadays, increased competition, it is necessary to determine the most appropriate cost of capital for the business. Profit-making enterprises, there seems to be continuing its activities year by year. In this study, data from 100 business balance sheet Istanbul Stock Exchange operating in the 2004-2014 year has been investigated. In this context, it was observed that the years of how the capital structure of the company changed. Capital structure; equity, long-term debt consists of auto financing resources and shares. The study consists of five parts. In the first part of the theory on capital structure, elements and influencing factors that make up the capital structure, located profitability and sustainability issues of capital Company.Previous studies have been done on the subject in the second part is situated.The third section is situated materyal- method.Findings related to work on the fourth section is situated. In the last section the result is situated discussion and recommendations. PCSE (Panel-Corrected Standard Errors) fixed effects regression models with more equity in the total resources based on the results of operating profitability ratio has been found to be affected in a positive way. The impact on the profitability of long-term liabilities is insignificant statistically significant. Reserves were significantly impact on profitability. The auto financing resources have been found to prefer businesses negatively impacted profitability ratios. Loss of business in the long term results showed that arose out of the Istanbul Stock Exchange. Years of business in which profit is seen as continued operations. This has been found to be appropriate for the continuity assumption. Key Words: Capital Structure, Profitability, Continuity, Financial management, Panel data analysis.

Author

Erkan Alsu

How to Cite

Erkan Alsu (Doctorate thesis). Effect on profitability and continuity of capital structure a study on BİST 100, 2015, Hasan Kalyoncu University.

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