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Journals / MALİYE FİNANS YAZILARI / 2015 / Cilt: 0 - Sayı: 104

The Impact of Ownership Concentration on Firm Value: An Analysis on Borsa Istanbul

Sahiplik Yoğunlaşmasının Firma Değeri Üzerine Etkisi: Borsa İstanbul'da Bir Uygulama

Emin Hüseyin ÇETENAK
Pages
167–181
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

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

Our results suggest there is a linear positive linear relationship between ownership concentration and firm value.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this paper we examined the relationship between ownership concentration and firm value.
📊
Key Findings & Data:Although there are mixed results in the literature on this subject, there is a consensus about that ownership concentration is a useful tool to assess and monitor management s performance and execution.
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Conclusion & Impact:Our results suggest there is a linear positive linear relationship between ownership concentration and firm value.
🔬Design:Research Article
📍Scope:2004-2009 Verileri
⚙️Variables:Domain Parameters

Abstract

In this paper we examined the relationship between ownership concentration and firm value. Although there are mixed results in the literature on this subject, there is a consensus about that ownership concentration is a useful tool to assess and monitor management s performance and execution. Thus, there is a positive linear relationship between firm value and ownership concentration is generally the case. In this study we investigate concentration and firm value relationship in Borsa Istanbul for the period 2004-2009. Our results suggest there is a linear positive linear relationship between ownership concentration and firm value.

Özet

Bu çalışmada firmaların sahiplik yoğunlaşması ile piyasa değeri arasındaki ilişki incelenmiştir. Literatürde bu konuda farklı sonuçlar yer alsa da, sahiplik yoğunlaşmasının, yönetimin performansının değerlendirmesi ve denetlemesinde etkili bir unsur oldu- ğu ve bu nedenle sahiplik yoğunlaşmasının firma değerini artırdığı yönünde bulgular ağırlıktadır. Bu araştırmada söz konusu ilişki Borsa İstanbul imalat sanayi firmaları için test edilmiştir. Araştırma sonuçları Borsa İstanbul firmaları için sahiplik yoğunlaşması ile firma değeri arasındaki ilişkinin pozitif ve doğrusal olduğunu işaret etmektedir.

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Cite This Article

ÇETENAK, E. H. (2022). The Impact of Ownership Concentration on Firm Value: An Analysis on Borsa Istanbul. MALİYE FİNANS YAZILARI, Cilt: 0 - Sayı: 104, 167–181. https://ajindex.com/articles/577973

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