{"id":5982,"date":"2023-07-22T01:24:50","date_gmt":"2023-07-21T22:24:50","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=5982"},"modified":"2023-07-25T01:38:19","modified_gmt":"2023-07-24T22:38:19","slug":"the-cultural-diversity-of-the-board-of-directors-and-capital-structure","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/the-cultural-diversity-of-the-board-of-directors-and-capital-structure","title":{"rendered":"The Cultural Diversity of the Board of Directors and Capital Structure"},"content":{"rendered":"

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Makale Bilgileri<\/td>\n<\/tr>\n
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Dergi:<\/td>\nBusiness and Economics Research Journal<\/td>\n<\/tr>\n
Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\nThe Cultural Diversity of the Board of Directors and Capital Structure<\/td>\n<\/tr>\n
Yazar(lar):<\/td>\nBahad\u0131r Karako\u00e7, U\u011fur Arcag\u00f6k<\/td>\n<\/tr>\n
Cilt:<\/td>\n14<\/td>\n<\/tr>\n
Say\u0131:<\/td>\n3<\/td>\n<\/tr>\n
Y\u0131l:<\/td>\n2023<\/td>\n<\/tr>\n
Sayfa:<\/td>\n351-368<\/td>\n<\/tr>\n
ISSN:<\/td>\n2619-9491<\/td>\n<\/tr>\n
DOI Numaras\u0131:<\/td>\n10.20409\/berj.2023.421<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\u00d6z<\/td>\n<\/tr>\n
Cultural characteristics and personal values can play a significant role in financial decision-making process, alongside economic factors. This study contributes to the existing literature by investigating the impact of cross-cultural board members on capital structure decisions in publicly traded firms in Turkey. Using panel data methodology to analyze the capital structures of these firms between 2011 and 2020, we found that firms with at least 30% cross-cultural representation on their boards tend to borrow more than firms with less diverse boards. Similarly, firms with at least one cross-cultural board member borrow more than firms managed entirely by locals. These findings are significant in contributing to the understanding of the role of cultural diversity in financial decision-making and offer practical implications for firms aiming to optimize their capital structures. The results remain robust even after alternative regression specifications and other corporate financing decisions have been considered.<\/td>\n<\/tr>\n
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Anahtar Kelimeler:<\/td>\nCapital Structure, Cross-Culture, Board of Directors, Corporate Borrowing<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
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JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\nG10, G20, N20, O16<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: The Cultural Diversity of the Board of Directors and Capital Structure Yazar(lar): Bahad\u0131r Karako\u00e7, U\u011fur Arcag\u00f6k Cilt: 14 Say\u0131: 3 Y\u0131l: 2023 Sayfa: 351-368 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2023.421 \u00d6z Cultural characteristics and personal values can play a significant role in financial decision-making process, alongside […]<\/p>\n

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