Sener, PinarAkben-Selcuk, ElifDidin-Sonmez, Fatma2024-07-182024-07-1820211350-48511466-4291https://doi.org/10.1080/13504851.2020.1784382https://hdl.handle.net/11411/7463This paper investigates the impact of debt financing on firm performance and how this relationship is affected by the institutional framework in 14 emerging countries. The results show a negative relationship between debt financing and firm performance. However, this negative relationship is reversed in countries with better credit market regulations and more efficient legal systems.eninfo:eu-repo/semantics/closedAccessDebt FinancingFirm Performanceİnstitutional FrameworkEmerging CountriesCorporate PerformanceAgency CostsDoes the institutional framework affect the relationship between debt financing and firm performance in emerging countries?Article2-s2.0-8508735647610.1080/13504851.2020.178438287110Q286628Q3WOS:000547764500001