THE EFFECT OF CAPITAL STRUCTURE ON PROFITABILITY: A PANEL DATA ANALYSIS FOR BIST IT INDEX FIRMS
SERMAYE YAPISININ KARLILIĞA OLAN ETKİSİNİN PANEL VERİ ANALİZİ YÖNTEMİ İLE İNCELENMESİ: BIST BİLİŞİM ENDEKSİNDE BULUNAN FİRMALAR ÜZERİNE BİR UYGULAMA

Author : Ahmet Oğuz AKGÜNEŞ
Number of pages : 429-438

Abstract

The IT sector has become an indispensable industry thanks to its facilities and technological possibilities that have gained an important place in the world. Today, it is possible to see important traces from health to communication, from transportation to defense in most areas of the field. Companies in this sector that produce technology and technological products that have entered our lives in this way, must be sustainable. In the study, the effect of capital structures on the profitability of the firms was observed by using the financial data of 12 of the 14 firms in the BIST IT Index, which represents IT firms. In the study, quarterly data between 2010 and 2016 is used. Return of Equity (ROE) calculated as dependent variable. Also Equity / Total Equity and Liabilities, Long Term Liabilities / Total Equity and Liabilities, Short term liabilities / Total Equity and Liabilities and Liabilities / Total Equity and Liabilities ratios used as independent variables. According to panel regression results only Equity / Total Equity and Liabilities ratio effect ROE and the direction of thi effect is negative.

Keywords

BIST IT, Panel Data Analysis, Capital Structure, ROE

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