Factors affecting leverage during a financial crisis: Evidence from Turkey

The purpose of this study is to investigate the determinants of capital structure over time and the level of leverage before, during and after a financial crisis. Using a sample of publicly traded Turkish firms for the period of 1989–2012, we hypothesize and find that firm size and industry median l...

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Bibliographic Details
Main Authors: Johnny Jermias, Fatih Yigit
Format: Article
Language:English
Published: Elsevier 2019-06-01
Series:Borsa Istanbul Review
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845017300728