The impact of financial structure on export perfor-mance: The case of manufacturing sectors in Turkey

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dc.contributor.authorYıkılmaz Erkol, Aslı
dc.contributor.authorCoşkun, Nuran
dc.date.accessioned2021-02-21T14:18:32Z
dc.date.available2021-02-21T14:18:32Z
dc.date.issued2020
dc.departmentALKÜ
dc.description.abstractA substantial amount of empirical research has explored the decisive role of var-ious external and internal forces on determining the sector export performance. However, there are a few studies, considering financial structure as a determi-nant of export performance. This paper aims to provide a better understanding of the relationship between a set of financial variables and export performance in Turkey’s 24 manufacturing sectors for the period between 2008 and 2016. According to the panel EGLS results, short-term debt, bank loans, size, interest expenses and return on equity have a positive effect on export intensity in con-trast to the return on asset, current asset ratio and foreign exchange rate. Conse-quently, we find substantial evidence that more short term-debt and bank loans in the capital structure lead to an increase in export performance. Further, firms with larger sizes, higher return on equity tend to present higher export performance.
dc.description.abstractA substantial amount of empirical research has explored the decisive role of var-ious external and internal forces on determining the sector export performance. However, there are a few studies, considering financial structure as a determi-nant of export performance. This paper aims to provide a better understanding of the relationship between a set of financial variables and export performance in Turkey’s 24 manufacturing sectors for the period between 2008 and 2016. According to the panel EGLS results, short-term debt, bank loans, size, interest expenses and return on equity have a positive effect on export intensity in con-trast to the return on asset, current asset ratio and foreign exchange rate. Conse-quently, we find substantial evidence that more short term-debt and bank loans in the capital structure lead to an increase in export performance. Further, firms with larger sizes, higher return on equity tend to present higher export performance.
dc.identifier.endpage974en_US
dc.identifier.issn2651-4192
dc.identifier.issue3en_US
dc.identifier.startpage963en_US
dc.identifier.urihttps://doi.org/10.29023/alanyaakademik.687315
dc.identifier.urihttps://dergipark.org.tr/tr/download/article-file/963463
dc.identifier.urihttps://hdl.handle.net/20.500.12868/1361
dc.identifier.volume4en_US
dc.language.isoen
dc.publisherAlanya Alaaddin Keykubat Üniversitesi
dc.relation.ispartofAlanya Akademik Bakış
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Başka Kurum Yazarı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectExporting
dc.subjectExport performance
dc.subjectFinancial structure
dc.subjectTurkey
dc.subjectExporting
dc.subjectExport performance
dc.subjectfinancial structure
dc.subjectTurkey
dc.titleThe impact of financial structure on export perfor-mance: The case of manufacturing sectors in Turkey
dc.title.alternativeThe impact of financial structure on export perfor-mance: The case of manufacturing sectors in Turkey
dc.typeArticle

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2020 - Cilt 4 - Sayı 3