Abstract:

Objective: The existence and direction of the relationship between the capital structure and the company’s value comes at the forefront of the topics most discussed in the financial world. This research was carried out to determine whether there is any relationship between the company’s capital structure and the company’s value, and if there is, the level and direction of that relationship. Method: The sample of the research has been created by 111 companies that can access uninterrupted data from companies operating in the Borsa Istanbul (BIST XUSIN) Industrial Index. The data related to the research companies were taken from the official internet addresses of Borsa Istanbul and Public Lighting Platform and prepared for analysis by researchers. Identifying statistics, correlation analysis, panel unit root tests and panel regression analyses have been performed to the purpose of the study. Results: The study found that there was a positive relationship between the Active Profit Rate (AKO) and the KVYK/TA and the ÖZ/TA and the UVYK/TA and the LNTB/ÖZ. It has been found that there is a negative relationship between the OTC and UVYK/TA, LNTB/ÖZ and TB/TA. It has been found that there is a positive relationship between the profit rate (HBKO) and the UZ/TA ratio, while the KVYK/TA, UVYK/TA, LNTB/ÖZ and TB/TA ratio are negative. Debate: According to these findings, it can be stated that corporate capital structural ratio affects the ratio representing corporate values and the established models give meaningful results. The company’s debt in its capital structures has a negative impact on the company’s value, and its use of capital has a positive impact on the company’s value.

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