publication . Master thesis . 2015

Capital Structure: Target Adjustment Model and a Mediation Moderation Model with Capital Structure as Mediator

Abedmajid, Mohammed;
Open Access English
  • Published: 01 Jan 2015
  • Publisher: Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ)
  • Country: Cyprus
Abstract
This study consists of two models. Model one is conducted to check if there is a target adjustment toward optimal capital structure, in the context of Turkish firm listed on the stock market, over the period 2003-2014. Model 2 captures the interaction between firm size, profitability, market value and capital structure using the moderation mediation model. The results of model 1 have shown that there is a partial adjustment of the capital structure to reach target levels. The results of model 2 have shown that profitably affects market value through two paths. The first one is direct while the other is indirect mediated by capital structure. All paths had signif...
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handle: 11129/2851
Subjects
free text keywords: Banking and Finance, Capital Structure - Turkish Firms, Capital structure, mediation moderation, Turkish firms, profitability
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