Equity ownership structure and its consequences : an empirical investigation in Turkish firms

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buir.advisorAydoğan, Kürşat
dc.contributor.authorGürsoy, Güner
dc.date.accessioned2016-01-08T18:15:07Z
dc.date.available2016-01-08T18:15:07Z
dc.date.issued2001
dc.departmentDepartment of Managementen_US
dc.descriptionAnkara : The Department of Business Administration, Bilkent University, 2001.en_US
dc.descriptionThesis (Ph.D.) -- Bilkent University, 2001.en_US
dc.descriptionIncludes bibliographical references leaves 216-224.en_US
dc.description.abstractThe study describes the main characteristics of ownership structure of the Turkish nonfinancial firms listed on the Istanbul Stock Exchange (ISE) and examines the impact of ownership structure on performance and risk-taking behavior of Turkish firms. Turkish corporations can be characterized as highly concentrated, family owned firms attached to a group of companies generally owned by the same family or a group of families. Ownership structure is defined along two attributes: concentration and identity of the owner(s). We conclude that there is a significant impact of ownership structure - ownership concentration and ownership mix- on both performance and risk-taking behavior of the firms in our sample. Higher concentration leads to better market performance but lower accounting performance. Family-owned firms, contrast to conglomerate affiliates, seem to have lower performance with lower risk. Governmentowned firms have lower accounting, but higher market performance with higher risk.en_US
dc.description.degreePh.D.en_US
dc.description.statementofresponsibilityGürsoy, Güneren_US
dc.format.extentxvi, 224 leaves, tablesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15219
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectOwnership Structureen_US
dc.subjectCorporate Governanceen_US
dc.subjectPerformanceen_US
dc.subjectRisken_US
dc.subject.lccHD2741 .G87 2001en_US
dc.subject.lcshCorporate governance.en_US
dc.subject.lcshRisk management.en_US
dc.subject.lcshCorporations--Finance--Turkey.en_US
dc.subject.lcshStock ownership.en_US
dc.subject.lcshCapital market--Turkey.en_US
dc.titleEquity ownership structure and its consequences : an empirical investigation in Turkish firmsen_US
dc.typeThesisen_US
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