CAPITAL STRUCTURE AND FINANCIAL CRISIS: EVIDENCE USING GMM ESTIMATION

The Financial crisis (FC) displayed a crucial impact on the financial markets, incredibly decreasing security issuance by companies. A standout amongst outcome of interruption capital furthermore lending markets created might have been enhancing level debt in firm structures. Therefore, this paper uses Dynamic Panel Data (GMM) Estimator order to investigate structure over sample 15 cement firms that are recorded Istanbul Stock Exchange from 2005 2015. is utilized as evaluation dependent variables (DV) while, Size, Growth, Tangibility and Profitability used assessment independent (IV). results indicate there connection between firm’s crisis. Furthermore; express size, tan, growth, NDTS positive associated with leverage while profitability negatively related.