Orhangazi, ÖzgürGezici, ArmağanOrhangazi, ÖzgürYalçın, Cihan2019-06-272019-06-27201991540-496X1558-09381540-496X1558-0938https://hdl.handle.net/20.500.12469/271https://doi.org/10.1080/1540496X.2018.1473247In this article we analyze the financing constraints-investment link for the case of Turkey between 1996 and 2013. As different from the existing studies on Turkey we use a more comprehensive data set that includes both publicly-traded and privately-owned firms and analyze the differences in constraints across small- and medium-sized firms and large firms. In addition to the commonly used cash-flow sensitivities we use alternative measures of constraints build from multiple firm specific variables. We find that small- and medium-sized manufacturing firms in Turkey are subject to financing constraints regardless of the measure used.eninfo:eu-repo/semantics/embargoedAccessBusiness fixed investmentCapital accumulationCredit constraintDebtFinancing constraintInvestmentTurkeyArticle14051416655WOS:00045954160001410.1080/1540496X.2018.14732472-s2.0-85053494658Q2Q1