Changing ownership in the turkish non-financial corporations listed on borsa Istanbul (BIST)
Küçük Resim Yok
Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Virtus Interpress
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Purpose of the study is to investigate the changing ownership structures in the Turkish non-financial corporations listed on Borsa Istanbul (BIST) for the period of 1992-2014. This time frame entails the structural changes in the Turkish economy as well as Turkish corporations. With respect to ownership concentration, Turkish non-financial corporations reveal a concentrated nature. Most changes in ownership structures are triggered by the local and global economic and financial factors. In the years of research, excluding the economic crises periods, we witness a decrease in the shares of the largest shareholders and an increase in the shares owned by the minority shareholders. This finding can be interpreted as the democratization of capital in Turkish corporations. The initial public offerings and privatizations in Turkey tend to increase before the financial and economic crises, implying that democratization of capital needs stable economic environment. Findings assert that most of the new initial public offerings are mainly from the family owned corporations, which yield a promising sign in favor of improving corporate governance practices. © 2015, Virtus Interpress. All rights reserved.
Açıklama
Anahtar Kelimeler
Borsa Istanbul (Bist), Corporate Governance, Foreign Direct Investment, Initial Public Offerings, Ownership Concentration, Ownership Structure, Privatization
Kaynak
Corporate Ownership and Control
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
13
Sayı
1 Continued 11
