The Impact of Financial Structure on Export Perfor-mance: The Case of Manufacturing Sectors in Turkey

Aslı YIKILMAZ ERKOL; Nuran COŞKUN

doi:https://doi.org/10.29023/alanyaakademik.687315

Makale detayları

The Impact of Financial Structure on Export Perfor-mance: The Case of Manufacturing Sectors in Turkey

Yazarlar:

Aslı YIKILMAZ ERKOL | Nuran COŞKUN

Yayıncı:

Alanya Alaaddin Keykubat University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Alanya Academic Review 2020 Vol.4 Issue 3, pp.963-974

Belge Tipi:

Makale

Yayın Tarihi:

9/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000846519

Sıklık:

Üç Yıllık

eISSN:

2651-4192

DOI:

https://doi.org/10.29023/alanyaakademik.687315

Anahtar kelimeler:

Özet:

 

A 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.

 

A 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.

Makale detayları

The Impact of Financial Structure on Export Perfor-mance: The Case of Manufacturing Sectors in Turkey

Yazarlar:

Aslı YIKILMAZ ERKOL | Nuran COŞKUN

Yayıncı:

Alanya Alaaddin Keykubat University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Alanya Academic Review 2020 Vol.4 Issue 3, pp.963-974

Belge Tipi:

Makale

Yayın Tarihi:

9/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000846519

Sıklık:

Üç Yıllık

eISSN:

2651-4192

DOI:

https://doi.org/10.29023/alanyaakademik.687315

Exporting

Export performance

Financial structure

Turkey

Sayı

Makale detayları

The Impact of Financial Structure on Export Perfor-mance: The Case of Manufacturing Sectors in Turkey

Yazarlar: Aslı YIKILMAZ ERKOL | Nuran COŞKUN

Yayıncı: Alanya Alaaddin Keykubat University

Ana Başlıklar: Ekonomi ve Maliye

Dergi: Alanya Academic Review 2020 Vol.4 Issue 3, pp.963-974

Belge Tipi: Makale

Yayın Tarihi: 9/2020

Belge Dili: İngilizce

Document ID (Org No.): 2000846519

Sıklık: Üç Yıllık

eISSN: 2651-4192

DOI: https://doi.org/10.29023/alanyaakademik.687315

Exporting

Export performance

Financial structure

Turkey

Sayı

Yazarlar:

Aslı YIKILMAZ ERKOL | Nuran COŞKUN

Yayıncı:

Alanya Alaaddin Keykubat University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Alanya Academic Review 2020 Vol.4 Issue 3, pp.963-974

Belge Tipi:

Makale

Yayın Tarihi:

9/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000846519

Sıklık:

Üç Yıllık

eISSN:

2651-4192

DOI:

https://doi.org/10.29023/alanyaakademik.687315