Buradasınız

Anasayfa » Content

Uluslararası Pazarlarda Genişleme ve Borç İlişkisi: Borsa İstanbul İmalat Sanayi İşletmeleri Üzerine Bir Analiz

RELATIONSHIP BETWEEN EXPANSION IN INTERNATIONAL MARKETS AND DEBT LEVEL: AN ANALYSIS ON MANUFACTURING FIRMS LISTED IN ISTANBUL STOCK EXCHANGE

Journal Name:

  • İşletme Bilimi Dergisi

Publication Year:

  • 2014

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
This study aims to analyze if the expansion in international markets makes difference on the company's debt level. Independent Samples t test and One-way Analysis of Variance used in the study show no significant differences between short term, long term and total leverage levels of the manufacturing firms continuously traded in Istanbul Stock Exchange and grouped according to their export levels.
Bookmark/Search this post with
Abstract (Original Language): 
Bu çalışma, uluslararası pazarlarda genişlemenin, işletmenin borç seviyesi üzerinde farklılık yaratıp yaratmadığını analiz etmeyi amaçlamaktadır. Araştırmada kullanılan Bağımsız Örneklemler t testi ve Tek Yönlü Varyans analizi, bu amaca yönelik örneklem olarak seçilen, Borsa İstanbul’da sürekli olarak işlem gören ve ihracat düzeylerine göre gruplandırılmış imalat sanayi işletmelerinin kısa vadeli, uzun vadeli ve toplam kaldıraç seviyeleri arasında anlamlı bir farklılık olmadığını göstermiştir.
FULL TEXT (PDF): 
PDF icon arastirmax-uluslararasi-pazarlarda-genisleme-borc-iliskisi-borsa-istanbul-imalat-sanayi-isletmeleri-uzerine-bir-analiz.pdf
  • 2
105
118
  • Turkish

REFERENCES

References: 

Bakkalcı, A. C. (2013). Yeni Yeni Ticaret Teorileri’nin Makroekonomik Doğası ve Türk Ekonomisi, Yönetim Bilimleri Dergisi, Cilt: 11, Sayı: 22, S. 69-98. Balla, A. ve G. Mundacab (2011). Export Market Participation and Other Determinants of Capital Structure: The Case of Hungarian Manufacturing Firms, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1929170, Erişim Tarihi: 25.12.2013
Bellone, F., P. Musso, L. Nesta ve S. Schiavo (2010). Financial Constraints and Firm Export Behaviour, World Economy, 33, Issue 3, S: 347-373
Bernard, A. B. ve J. B. Jensen (1995). Exporters, Jobs, and Wages in US Manufacturing: 1976-87, Brookings Papers on Economic Activity: Microeconomics, S: 67-112. Bernini, M., S. Guillou, F. Bellone (2013). Firms’ Leverage and Export Quality: Evidence from France, University of Nice Sophia Antipolis Gredeg Working Papers, Number 2013-29
Burgman, T. (1996). An Empirical Examination of Multinational Corporate Capital Structure, Journal of International Business Studies, Vol:27, Issue 3, S: 553-570
Değirmen, S. ve Y. Gündoğdu (2010). Türkiye’de İhracat Yapan Firmaların Finansman Stratejileri, Business and Economics Research Journal, Volume: 1, Number: 4, S:1-18 Goldman, E., ve P.V.Viswanath (2011). Export Intensity and Financial Policies of Indian Firms, International Journal of Trade and Global Markets, Vol. 4, No. 2., S:152 – 171
Görg, H. ve M. Spaliara (2014). Exporters in the Financial Crisis, National Institute Economic Review, Vol: 228(1), S: 49-57
Greenaway, D., A. Guariglia, , R. Kneller, (2007). Financial Factors and Exporting Decisions, Journal of International Economics, Volume 73, Issue 2, November, S: 377–395
Hughes, J.S., D. E. Logue and R. J. Sweeney (1975). Corporate International Diversification and Market Assigned Measures of Risk and Diversification, The Journal of Financial and Quantitative Analysis, Vol. 10, No. 4, S: 627-637
Joliet, R. and A. Muller (2013). Capital Structure Effects of International Expansion, Journal of Multinational Financial Management, Vol:23, S:375-393
Kwok, C. ve D. Reeb (2000). Internationalization and Firm Risk: An Upstream-Downstream Hypothesis, Journal of International Business Studies, Vol:31, S: 611-629 Lee, K.C. ve C. Y. Kwok (1988). Multinational Corporations vs. Domestic Corporations: International Environmental Factors and Determinants of Capital Structure, Journal of International Business Studies, Vol. 19, No. 2, S.195-217
Lin, F. ve J. Hung (2012). Internationalization and Capital Structure of Taiwan Electronic Corporations, International Business Research, Vol:5, No:1, S:164-171
Mansi, S. A. ve D. M. Reeb (2002). Corporate International Activity and Debt Financing, Journal of International Business Studies, Vol. 33, No. 1, S: 129-147
Melitz, M. J. (2003). The Impact of Trade on Intra-Industry Reallocations and Aggregate IndustryProductivity, Econometrica 71(6), S: 1695 - 1725.
Modigliani, F. ve M. Miller (1958). The Cost of Capital, Corporate Finance, and the Theory of İnvestment, The American Economic Review, Vol. 48, No. 3, S:261-297
Shapiro, A. C. (1978). Financial Structure and Cost of Capital in the Multinational Corporation, The Journal of Financial and Quantitative Analysis, Vol. 13, No. 2, S: 211-226
Singh, M. ve A. Nejadmalayeri (2004). Internationalization, capital structure, and cost of capital: evidence from French corporations, Journal of Multinational Financial Management 14, S: 153–169
Tang, H. and Y. Zhang’den aktaran Hahn, C. H. And D. A. Narjoko (eds.), Dynamics of Firm Selection Process in Globalized Economies. ERIA Research Project Report 2011, No.3, S: 13-33
Wyrobek, J. (2011). Impact of Export Activities on Financial Situation of Companies Listed on the Warsaw Stock Exchange in Poland, Research Papers of Wroclaw University of Economics, Vol:158, S: 468-479

Thank you for copying data from http://www.arastirmax.com