Özet:

Purpose - The purpose of this study is to investigate in the short and long term the impact of the different resource elements that make up the corporate capital structures on export performance. Method - The short-term and long-term relationship with the ARDL and error correction model is studied using the aggregated balance sheet data obtained by the aggregation of the annual financial statements of the 2008-2018 period of textile clothing and leather sector companies. Results - The short-term foreign resource ratio, the long-term foreign resource ratio and the self-resource ratio are not significantly influenced by the short-term levels of internationalization of enterprises, but the increase in the share of the short- and long-term foreign resource in the total resource has a negative impact on the internationalization of enterprises while the increase in the share of the resource in the total resource has a positive impact. Debate - In the long run, a negative relationship between the short-term debt rate and the long-term debt rate of the enterprises and the internationalization levels; a positive relationship with the self-source rate. The increase in the short-term and long-term debt rate for textile clothing and leather industry companies, the aforementioned companies, imposes financial obligations and in this case creates a reducing effect on the expected cash flows and the possibilities of internationalization for managers. In contrast, the increase in the share of the resource in the total resource has a positive impact on internationalization. Therefore, the concerned sector needs to plan its internationalization plans on the basis of capital financing.