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Journals / Üçüncü Sektör Sosyal Ekonomi / 2021 / Cilt: 56 - Sayı: 4

Airport Privatization and Valuation: An Empirical Study on Various Civil Airports in Turkey

Havalimanı Özelleştirmesi ve Değerlemesi: Türkiye’de Bulunan Çeşitli Sivil Havalimanları Üzerinde Ampirik Bir İnceleme

Meriç H. GÖKDALAY
Yaşar KÖSE
Pages
2246–2259
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The aim of this study is to evaluate the airports that may have the status of large regional airports within the airport system in Turkey and to make an empirical analysis of whether Adana, Diyarbakır, Gaziantep, Kayseri, Samsun Çarşamba and Trabzon airports that may have these status can be privatized according to the results obtained.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to evaluate the airports that may have the status of large regional airports within the airport system in Turkey and to make an empirical analysis of whether Adana, Diyarbakır, Gaziantep, Kayseri, Samsun Çarşamba and Trabzon airports that may have these status can be privatized according to the results obtained.
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Key Findings & Data:In the study; It has been determined that Adana, Trabzon, Kayseri, Gaziantep, Diyarbakır and Samsun Çarşamba airports have negative values according to the discounted cash flow method (DCF) and the reasons that may affect these results.
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Conclusion & Impact:Within the framework of these results, it has been evaluated and interpreted that the airports subject to the research can be privatized within the framework of Public Private Partnership, although their values are negative according to the discounted cash flow method.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

The aim of this study is to evaluate the airports that may have the status of large regional airports within the airport system in Turkey and to make an empirical analysis of whether Adana, Diyarbakır, Gaziantep, Kayseri, Samsun Çarşamba and Trabzon airports that may have these status can be privatized according to the results obtained. In the study; It has been determined that Adana, Trabzon, Kayseri, Gaziantep, Diyarbakır and Samsun Çarşamba airports have negative values according to the discounted cash flow method (DCF) and the reasons that may affect these results. Within the framework of these results, it has been evaluated and interpreted that the airports subject to the research can be privatized within the framework of Public Private Partnership, although their values are negative according to the discounted cash flow method.

Özet

Bu çalışmanın amacı Türkiye’de havalimanı sistemi içinde büyük bölgesel havalimanı statüsüne sahip olabilecek havalimanlarının değerlendirilmesi ve bu statüde olabilecek Adana, Diyarbakır, Gaziantep, Kayseri, Samsun Çarşamba ve Trabzon havalimanlarının elde edilen sonuçlara göre özelleştirilip özelleştirilemeyeceğinin ampirik analizini yapmaktır. Çalışmada; Adana, Trabzon, Kayseri, Gaziantep, Diyarbakır ve Samsun Çarşamba havalimanlarının indirgenmiş nakit akışları yöntemine (DCF) göre değerlerinin negatif olduğu ve bu sonuçlara etkisi olabilecek nedenler tespit edilmiştir. Bu sonuçlar çerçevesinde araştırmaya konu edilen havalimanlarının indirgenmiş nakit akımları yöntemine göre değerlerinin negatif olmasına rağmen, Kamu Özel İşbirliği çerçevesinde özelleştirilebileceği değerlendirilmiş ve yorumlanmıştır.

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Cite This Article

GÖKDALAY, M. H., KÖSE, Y. (2021). Airport Privatization and Valuation: An Empirical Study on Various Civil Airports in Turkey. Üçüncü Sektör Sosyal Ekonomi, Cilt: 56 - Sayı: 4, 2246–2259. https://ajindex.com/articles/411571

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