This article examines the explanation power of the pecking order and target adjustment models on 148 Borsa Istanbul (BIST) firms' capital structure over the period of 2005 to 2015. The article also estimates the speed of adjustment (SOA) to the targeted leverage level. Although a firm's capital...

Crete features many protected areas of exceptional natural beauty that attract thousands of visitors every season. Many local enterprises count on that touristic activity to increase their revenues. One of the most important and well known protected areas of Crete is the Samaria National Park....