文章基本信息

标题：Firm Size and Capital Structure Decisions: Evidence From Turkish Lodging Companies
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作者：Erdinc Karadeniz ; Hotel Management Ciftlikkoy Campus, Mersin/TURKEY E-mail: [email protected] ; Serkan Yılmaz Kandır 等
期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2011
卷号：1
期号：1
页码：1-11
语种：English
出版社：EconJournals
摘要：Aim of this study is to investigate the role of firm size on capital structure decisions of Turkish lodging companies. In this context, a survey questionnaire is developed and sent to unquoted Turkish lodging companies. 163 lodging companies answered the survey and they are classified according to their sizes. Empirical findings reveal that firm size is a significant factor for capital structure decisions of Turkish lodging companies. Firm size seems to affect lodging companies in using incentives, issuing common stock, using personal debt and determining target debt ratio. Most of the empirical findings seem to support pecking order theory. Keywords: Firm Size; Capital Structure; Pecking Order Theory; Trade-off Theory; Lodging Companies JEL Classifications : G32; M20