Sermaye Yapısı, Firma Performansı ve Sürdürülebilirlik
Özet
Bu kitap, sermaye yapısı, firma performansı ve sürdürülebilirlik konularını ele almaktadır. Sermaye yapısı, bir firmanın özsermaye ve yabancı kaynaklar arasındaki dengesini ifade eder. Kitap, sermaye yapısının unsurlarını ve sermaye yapısı teorilerini detaylı bir şekilde inceler. Klasik sermaye yapısı teorileri ve modern sermaye yapısı teorileri arasındaki farkları açıklar. Modigliani-Miller teorisi ve dengeleme teorisi gibi önemli teorileri ele alır. Ayrıca, sermaye yapısının firma performansı üzerindeki etkisini ve sürdürülebilirlikle olan ilişkisini de analiz eder. Kitap, akademik bir yaklaşımla yazılmış olup, finans ve ekonomi alanında çalışan araştırmacılar, öğrenciler ve profesyoneller için faydalı bir kaynak niteliği taşımaktadır.
This book addresses the topics of capital structure, firm performance, and sustainability. Capital structure refers to the balance between equity and debt sources of a company. The book thoroughly examines the elements of capital structure and various theories related to it. It explains the differences between classical capital structure theories and modern capital structure theories. It discusses important theories such as the Modigliani-Miller theory and the trade-off theory. Additionally, it analyzes the impact of capital structure on firm performance and its relationship with sustainability. Written with an academic approach, this book serves as a valuable resource for researchers, students, and professionals working in the field of finance and economics.
Referanslar
Abor, Joshua: “Industry Clarrification and the Capital Structure of Ghanaian SMEs”, Studies in Economics and Finance, C.XXIV, No:3, 2007, s.207-219.
Acaravcı, Songül, Hatice Doğukanlı: “Türkiye'de Sermaye Yapısını Etkileyen Faktörlerin İmalat Sanayinde Sınanması”, İktisat, İşletme ve Finans, C.XIX, No:225, 2004, s.43-57.
Ahn, Seung Chan, Hyungsik Roger Moon: “Large-N and Large-T Properties of Panel Data Estimators and the Hausman Test”, USC CLEO Research Paper, No. C01-20, Ağustos 2001.
Akgüç, Öztin: Finansal Yönetim, 8. bs., İstanbul, Avcıol Basım Yayın, 2010.
Albayrak, Ali Sait, Ramazan Akbulut: “Kârlılığı Etkileyen Faktörler: İMKB Sanayi ve Hizmet Sektörlerinde İşlem Gören İşletmeler Üzerine Bir İnceleme,” Uluslararası Yönetim İktisat ve İşletme Dergisi, 2008, Cilt 4, Sayı 7.
Arellano, Manuel Panel Data Econometrics, İngiltere, Oxford University Press, 2003.
Ata, Ali ve Yusuf Ağ: “Firma Karakteristiğinin Sermaye Yapısı Üzerindeki Etkisinin Analizi,” İstanbul Üniversitesi Ekonometri ve İstatistik Dergisi, 2010, Sayı 11, s. 45-60.
Balestra, Pietro, Marc Nerlove: “Pooling Cross Section and Time Series Data in the Estimation of a Dynamic Model: The Demand for Natural Gas”, Econometrica, C:34, No:3, 1966, 585-612.
Baltagi, Badi H., James M. Griffin: “Gasoline Demand in the OECD, An Application of Pooling and Testing Procedures”, European Economic Review, 1983, C:22, s.117.
Baltagi, Badi H., Li, Qi: “Testing AR(1) Against MA(1) Disturbances in an Error Component Model”, Journal of Econometrics, C:68, No:1, 1995, s.133-151.
Baltagi, Badi H.: Econometric Analysis of Panel Data, Fourth Edition, John Wiley&Sons Ltd, 2010.
Baltagi, Badi H.: Econometric Analysis of Panel Data, 4. bs., West Sussex, John Wiley & Sons Ltd., 2008.
Baum, Christopher F.: An Introduction to Modern Econometrics Using Stata, Texas, Stata Press, 2006.
Berk, Niyazi: Finansal Yönetim, 10. bs., İstanbul, Türkmen Kitabevi, 2010.
Bhargava, Alok, J. Denis Sargan: “Estimating Dynamic Random Effects Models from Panel Data Covering Short Time Periods”, Econometrica, Volume:51, Issue:6, 1983, s.1635-1659.
Bhargava, Alok, L. Franzini,W.Narendranathan: “Serial Correlation and Fixed Effects Model”, The Review of Economic Studies, C:49, No:4, 1982, s.533-549.
Bilgin, Rümeysa: “Finansal Sistemin Sermaye Yapısını Belirleyen Faktörler Üzerindeki Etkisi: Gelişmekte Olan Ülkeler Üzerine Bir Araştırma”, Yayınlanmamış Doktora Tezi, İ.Ü. Sosyal Bilimler Enstitüsü, 2016.
Blundell, Richard, Bond, Stephen, Windmeijer, Frank: “Estimation in Dynamic Panel Data Models: Improving on the Perforrnance of the Standart GMM Estimators”, The Institute for Fiscal Studies Working Paper, No:WP00/12, 2000.
Brealey, Richard A., Stewart C. Myers, Franklin Allen: Principles of Corporate Finance, 10. bs., Singapore, McGraw-Hill Irwin, 2011.
Brealey, Richard A., Stewart C. Myers, Franklin Allen: Principles of Corporate Finance, 10. bs., Singapore, McGraw-Hill Irwin, 2011.
Cameron, A. Colin, Pravin K. Trivedi: Microeconometrics Using Stata, 2. bs., Texas, Stata Press, 2010.
Cheng, Hsiao, M.Hashem Pesaran: “Random Coefficient Panel Data Models”, CESifo Working Paper, No:1233, 2004, s.1-39.
Cheng, Hsiao: “Some Estimation Methods for a Random Coefficient Model”, Econometrica, C:43, No:2, 1975, s.305-326.
Cheng, Hsiao: Analysis of Panel Data, 2.bs., İngiltere, Cambridge University Press, 2003.
Cheng, Hsiao: “Benefits and Limitations of Panel Data”, Econometric Reviews, C:4, No:1, 1985, s.121-174.
Cheng, Hsiao: Analysis of Panel Data, Cambridge University Press, 1986.
Denis, David J.: “The Persistent Puzzle of Corporate Capital Structure: Current Challenges and New Directions”, The Financial Review, C.XLVII, No:4, 2012, s.631-643.
Driscoll, John, Kraay, Aart: “Spatial Correlations in Panel Data”, Policy Research Working Paper, No:1553, 1995, s.1-28.
Ellili, Nejla O. D., Sherine Farouk: “Examining the Capital Structure Determinants: Empirical Analysis of Companies Traded on Abu Dhabi Stock Exchange”, International Research Journal of Finance and Economics, No:67, 2011, s.82-96.
Er, Şebnem: “Dinamik Panel Veri Analizi ve Bir Uygulama”, Yayınlanmamış Doktora Tezi, İ.Ü. Sosyal Bilimler Enstitüsü İABD, 2009.
Fan, Joseph P.H., Sheridan Titman, Garry Twite: “An International Comparison of Capital Structure and Debt Maturity Choices”, Journal of Financial and Quantitative Analysis, V 47(1), 2012, s.23-56
Ferri, Michael, Wesley Jones: “Determinants of Financial Structure: A New Methodological Approach,” The Journal of Finance,1979, Cilt 34, Sayı 3.
Flannery, Mark J., Kristine Watson Hankins: “Estimating dynamic panel models in corporate finance”, Journal of Corporate Finance, Volume 19, February 2013, s.1-19.
Frank, Murray Z., Vidhan K. Goyal: “Tradeoff and Pecking Order Theories of Debt”, Handbook of Corporate Finance: Empirical Corporate Finance, Ed. B. Espen Eckbo, y.y., North-Holland, 2008, s.135-202.
Frank, Z. M., V. K. Goyal: “Capital Structure Decisions”, Working Paper, Ubs And Hkust, 2003
Frank, Z. M., V. K. Goyal: “Trade-off Pecking Order Theories of Debt”, Handbook of Corporate Finance: Empirical Corporate Finance, Vol. 2, Bölüm 12, Elsevier, North-Holland, 2007
Frank, Z. M., V. K. Goyal: “Tradeoff and Pecking Order Theories of Debt”, Handbook of Corporate Finance: Empirical Corporate Finance, Ed. B. Espen Eckbo, y.y., North-Holland, 2008, s.135-202.
Frank, Z. M.; Goyal, V. K. : “Trade-Off Pecking Order Theories Of Debt”, Handbook Of Corporate Finance: Empirical Corporate Finance, Vol. 2, Bölüm 12, Elsevier, North-Holland. 2007.
Frees, Edward W.: Longitudinal and Panel Data, Analysis and Applications in the Social Sciences, New York, Cambridge University Press, 2004.
Greene, William H.: Econometric Analysis, 5.bs., ABD, Prentice Hall, 2003.
Gujarati, Damodar N.: Temel Ekonometri, Çev. Ümit Şenesen, Gülay Günlük Şenesen, İstanbul, Literatür Yayıncılık, 1995.
Hansen, Lars P.: “Large Sample Properties of Generalized Method of Moments Estimators”, Econometrica, C.L, No:4, 1982, s.1029-1054.
Harris, Milton, Artur Raviv: “Capital Structure and the Informational Role of Debt”, The Journal of Finance, C.XLV, No:2, 1990, s.321-349.
Harris, Milton, Artur Raviv: “The Theory of Capital Structure”, The Journal of Finance, C.XLVI, No:1, 1991
Hausman, Jerry A.: “Specification Tests in Econometrics”, Econometrica, C.XLVI, No:6, 1978, s.1251-1271.
Hill R. Carter, William E. Griffiths, Guay C. Lim: Principles of Econometrics, 3. Baskı, John Wiley & Sons, 2008.
Hillier, David, Mark Grinblat, Sheridan Titman: Financial Markets and Corporate Strategy, McGraw Hill, 2011.
Holtz-Eakin, Douglas, Whitney Newey, Harvey S. Rosen: “Estimating Vector Autoregressions with Panel Data”, Econometrica, C.LVI, No:6, 1988, s.1371-1395.
Hovakimian, Armen, Tim Opler, Sheridan Titman: “The Debt-Equity Choice”, Journal of Financial and Quantitative Analysis, C.XXXVI, No:1, 2001, s.1-24.
Huang, G., Song, F.M.: “The Determinants of Capital Structure: Evidence From China,” China Economic Review, 2006, Sayı 17, s. 14-36.
Jensen, Michael, William Meckling: “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure”, Journal of Financial Economics, C.III, No:4, 1976, s.305-360
Judson, Ruth A., Owen, Ann L.: “Estimating Dynamic Panel Data Models: A Practical Guide for Macroeconomists”, Economics Letters, C:65, No:1, 1999, s.9-15.
Kennedy, Peter: A Guide to Econometrics, 5. Baskı, Chapter 17, MIT Press, 2003.
Koller, Tim, Mark Goedhart, David Wessels: Valuation: Measuring and Managing the Value of Companies, Fourth Edition, Mc Kinsey & Company, Wiley Publishing, 2005.
Leland, Hayne E., David H. Pyle: “Informational Asymmetries, Financial Structure, and Financial Intermediation”, The Journal of Finance, C.XXXII, No:2, 1977, s.371-387.
Maddala, G.S.: “Limited Dependent Variable Models Using Panel Data”, The Journal of Human Resources, C:22, No:3, 1987, s.307-338.
Mátyás, László, Patrick Sevestre: The Econometrics of Panel Data A Handbook of the Theory with Applications, 2.bs., 1996.
Mokhova, Natalia, Marek Zinecker: “Macroeconomic Factors and Corporate Capital Structure”, Procedia - Social and Behavioral Sciences, V.110, 2014, s.530-540.
Mostarac, Ena, Suzana Petrovic: “Determinants of Capital Structure of Croatian Enterprises before and during the Financial Crisis”, UTMS Journal of Economics, C.IV, No:2, 2013, s.153-162.
Mundlak, Yair: “On the Pooling of Time Series and Cross Section Data”, Econometrica, C:46, No:1, 1978, s.69-85.
Niyazi, Berk: Finansal Yönetim, 10. bs., İstanbul, Türkmen Kitabevi, 2010.
Otluoğlu, Emir: "Asimetrik Bilgi ve Sermaye Yapısı Kararları: Borsa İstanbul Üzerine Bir Uygulama", Yayınlanmamış Doktora Tezi, 2015
Öztekin, Özde, Mark J. Flannery:
“Institutional Determinants Of Capital Structure Adjustment Speeds”, Journal of Financial Economics, V.103 (1), 2012, s.88-112
Park, Hun Myoung: “Practical Guides to Panel Data Modelling: A Stepby-Step Analysis Using Stata”, Tutorial Working Paper, 2011, s.1-52.
Roodman, David: “A Note on the Theme of Too Many Instruments”, Oxford Bulletin of Economics and Statistics, C.LXXI, No:1, 2009a, s.135-158.
Roodman, David: “How to Do xtabond2: An Introduction to Difference and System GMM in Stata”, The Stata Journal, C.IX, No:1, 2009b, s.86-136.
Ross, Stephen A., Randolph Westerfield, Jeffrey F. Jaffe: Corporate Finance, 7. bs., New York, McGraw-Hill Irwin, 2008.
Sargan, John D.: “The Estimation of Economic Relationships Using Instrumental Variables”, Econometrica, C.XXVI, No:3, 1958, s.393-415.
Tarı, Recep: Ekonometri, Genişletilmiş 6. baskı, Umuttepe Kitabevi, Kocaeli, 2010.
Taris, Toon W.: A Primer in Longitudinal Data, Sage Publications Ltd., London, 2000.
Tatoğlu, Ferda Yerdelen: Panel Veri Ekonometrisi Stata Uygulamalı, Beta Basım, İstanbul, 2012.
Titman, Sheridan, Roberto Wessels: “The Determinants of Capital Structure Choice,” Journal of Finance, American Finance Association, 1988, Cilt 43, sayı 1, s. 1-19.
Verbeek, Marno: A Guide to Modern Econometrics, Third edition, John Wiley & Sons Ltd., West Sussex, 2008 .
Windmeijer, Frank: “A Finite Sample Correction for the Variance of Linear Efficient Two-Step GMM Estimators”, Journal of Econometrics, C.CXXVI, No:1, 2005, s.25-51.
Wintoki, M. Babajide, James S. Linck, Jeffry M. Netter: “Endogeneity and the Dynamics of Internal Corporate Governance”, Journal of Financial Economics, C.CV, No:3, 2012, s.581-606.
Wooldridge, Jeffrey M.: Introductory Econometrics, 4. Baskı, Canada, South Western, 2009.
Wooldridge, Jeffrey M.: Econometric Analysis of Cross Section and Panel Data, İngiltere, The MIT Press, 2002.
Wooldridge, Jeffrey M.: Introductory Econometrics: A Modern Approach, 3. bs., y.y., Thomson South-Western, 2006.
Xu, Jin: “Profitability and Capital Structure: Evidence from Import Penetration”, Journal of Financial Economics, C.CVI, No:2, 2012, s.427-446.
Yıldız, M.E., A. Yalama, G. Sevil: “Sermaye Yapısı Teorilerinin Geçerliliğinin Test Edlmesi: Panel Veri Analizi Kullanılarak İMKB-İmalat Sektörü Üzerinde Ampirik Bir Uygulama", İktisat, İşletme ve Finans Dergisi, c.24, c.278, 2009, pp.25-45.
Yayınlanan
Lisans
LisansBu İnternet Sitesi içeriğinde yer alan tüm eserler (yazı, resim, görüntü, fotoğraf, video, müzik vb.) Akademisyen Kitabevine ait olup, 5846 sayılı Fikir ve Sanat Eserleri Kanunu ve 5237 sayılı Türk Ceca Kanunu kapsamında korunmaktadır. Bu hakları ihlal eden kişiler, 5846 sayılı Fikir ve Sanat eserleri Kanunu ve 5237 sayılı Türk Ceza Kanununda yer alan hukuki ve cezai yaptırımlara tabi olurlar. Yayınevi ilgili yasal yollara başvurma hakkına sahiptir.
