Journals / Dumlupınar Üniversitesi Sosyal Bilimler Dergisi / 2019 / Cilt: 0 - Sayı: 60

SHOULD TURKISH COASTAL SAFETY SERVICES BE PRIVATIZED? AN ANALYSIS BASED ON FINANCE LITERATURE

KIYI EMNİYETİ HİZMETLERİ ÖZELLEŞTİRİLMELİ Mİ? FİNANS LİTERATÜRÜNE DAYALI BİR ANALİZ

Pages
113–123
Publication Date
2022-10-11
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

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

Our review suggests that share issue privatization canbe a feasible privatization method for DGCS considering the regulatory and safety concerns regarding the specialtyof the services offered.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Assertive privatization program implemented over the last three decades in Turkey has ended up with the exit of thestate enterprises from most of the competitive sectors remaining those operating in the public service industries.
📊
Key Findings & Data:TheDirectorate General of Coastal Safety (DGCS) is one of the remaining state-owned enterprises providing publicservice in the field of maritime transportation.
💡
Conclusion & Impact:Our review suggests that share issue privatization canbe a feasible privatization method for DGCS considering the regulatory and safety concerns regarding the specialtyof the services offered.
🔬Design:Review & Systematic Survey
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Assertive privatization program implemented over the last three decades in Turkey has ended up with the exit of thestate enterprises from most of the competitive sectors remaining those operating in the public service industries. TheDirectorate General of Coastal Safety (DGCS) is one of the remaining state-owned enterprises providing publicservice in the field of maritime transportation. This study attempts to provide an analysis on the privatization optionsfor DGCS and their expected positive and negat ive outcomes. Our review suggests that share issue privatization canbe a feasible privatization method for DGCS considering the regulatory and safety concerns regarding the specialtyof the services offered.

Özet

Yaklaşık son otuz yıldır uygulanmakta olan iddialı özelleştirme programı sonucunda, rekabetçi sektörlerin çoğundaki kamu teşebbüsçülüğü sona ermiş olup, mevcut kamu iktisadi teşebbüsleri kamu hizmeti niteliğindeki alanlarda faaliyet göstermektedir. Kıyı Emniyeti Genel Müdürlüğü, geride kalan kamu iktisadi teşebbüslerinden biri olarak denizyolu ulaşımı alanında kamu hizmeti vermektedir. Bu çalışma Kıyı Emniyeti Genel Müdürlüğünün olası özelleştirme alternatiflerini ve bu alternatiflerin muhtemel olumlu ve olumsuz sonuçlarını ele almaktadır. Analizlerin sonucuna göre, verilen hizmetin özel yapısı nedeniyle regülasyon ve emniyet gibi hususlardaki endişeler göz önüne alındığında halka arz yoluyla özelleştirme uygun bir alternatif olarak öne çıkmaktadır.

🔖

Cite This Article

ÖZCAN, İ. Ç. (2022). SHOULD TURKISH COASTAL SAFETY SERVICES BE PRIVATIZED? AN ANALYSIS BASED ON FINANCE LITERATURE. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, Cilt: 0 - Sayı: 60, 113–123. https://ajindex.com/articles/492534

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (13)

  1. Akten, N. (2004). Analysis of shipping casualties in the Bosphorus. The Journal of Navigation, 57(3), 345-356. United States Government Accountability Office. (2005). Air traffic control: Preliminary observations on commercialized air navigation service providers. Retrieved from https://www.gao.gov/assets/120/111542.pdf.
  2. Aivazian, V. A., Ying, G., & Jiaping, Q. (2005). Can corporatization improve the performance of state-owned enterprises even without privatization?. Journal of Corporate Finance, 11(5), 791-808.
  3. Bel, G. (1998). Privatization on the stock market: Sale at one go or sale in tranches?. Economics Letters, 58(1), 113-117.
  4. Bel, G. (2003). Confidence building and politics in privatization: Some evidence from Spain. Economics Letters, 78(1), 9-16.
  5. Bortolotti, B., & Perotti, E. (2007). From government to regulatory governance: Privatization and the residual role of the state. The World Bank Research Observer, 22(1), 53-66.
  6. Boubakri, N., & Cosset, J. C. (1998). The financial and operating performance of newly privatized firms: Evidence from developing countries. The Journal of Finance, 53(3), 1081-1110.
  7. Bozec, R., & Breton, G. (2003). The impact of the corporatization process on the financia l performance of Canadian state‐owned enterprises. International Journal of Public Sector Management, 16(1), 27-47.
  8. Cohen, M. A. (2010). A taxonomy of oil spill costs—What are the likely costs of the deepwater horizon spill? Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.622.5418&rep=rep1&type=pdf Directorate General of Coastal Safety. (2018). Retrieved March 10, 2018, from http://www.kiyiemniyeti.gov.tr/Default.aspx?pid=20.
  9. D'Souza, J., Megginson, W., & Nash, R. (2007). The effects of changes in corporate governance and restructurings on operating performance: Evidence from privatizations. Global Finance Journal, 18(2), 157-184.
  10. Ercan, M. R., & Önіş, Z. (2001). Turkish privatization: Institutions and dilemmas. Turkish Studies, 2(1), 109-134.
  11. Gu, A.Y. (2003). State ownership, firm size, and IPO performance: Evidence from Chinese" A" share issues. American Business Review, 21(2), 101. Directorate General Coastal Safety Annual Report. (2005).
  12. Fan, J. P. H, Wong, T. J., & Zhang, T. (2007). Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms. Journal of Financial Economics, 84(2), 330-357.
  13. Gupta, N. (2005). Partial privatization and firm performance. The Journal of Finance, 60