标题：The Relation between Financial Leverage and Return on Equity of the Companies: A Research on the Companies Traded on İstanbul Stock Exchange in the Base of Industries
其他标题：Firmaların Finansal Kaldıraç Oranları ile Öz Sermaye Karlılığı Arasındaki İlişki: Hisseleri Borsa İstanbul (BİST)’da İşlem Gören Şirketler Üzerinde Sektörler Bazında Bir Araştırma
摘要：The purpose of this study is to research the effect of financial leverage ratios on Return on Equity (ROE). This research was carried out on the companies traded on İstanbul Stock Exchange on the base of five industries,IT,food,mining,textile and construction,using the financial leverage-and ROE ratios during the 22 years’ quarter period’s from 1991Q1 to 2012Q4. The data used in research were obtained from FİNNET Financial Analyse Program. The data were analysed in E-views 6.0 program using ARDL approach. For the results of estimation Microfit 4.1 software was applied. The results of this study reveal that financial leverage ratio affect the ROE in the industries IT,food,mining and textile negatively but in the construction pozitively and that these effects are statistically significant.
其他摘要：Bu çalışmanın amacı firmaların finansal kaldıraç oranının öz sermaye karlılığına etkisini araştırmaktır. Çalışma,hisseleri Borsa İstanbul (BİST)’da işlem gören firmalar üzerinde,bilişim,gıda,madencilik,tekstil ve inşaat sektörleri bazında yapılmış olup 19
关键词：Return on Equity;Financial Leverage;ARDL Bound Test.
其他关键词：Öz Sermaye Karlılığı;Finansal Kaldıraç;ARDL Sınır Testi.
