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Beschreibung
This book examines the financial performance of Turkish firms that were privatized by way of IPOs (Initial Public Offerings). The author uses event study methodology to empirically evaluate the financial efficiency of privatized firms. She also compares the equity returns of state firms to the returns of private sector firms that were listed in the same period or in the same sector. The pre-and-post privatization performance is tested using the Wilcoxon signed-rank test involving accounting data and financial ratios of the privatized firms. Empirical findings of post privatization analysis indicate improvements in firm performance in regard to real sales, leverage and capital expenditures.
This book examines the financial performance of Turkish firms that were privatized by way of IPOs (Initial Public Offerings). The author uses event study methodology to empirically evaluate the financial efficiency of privatized firms. She also compares the equity returns of state firms to the returns of private sector firms that were listed in the same period or in the same sector. The pre-and-post privatization performance is tested using the Wilcoxon signed-rank test involving accounting data and financial ratios of the privatized firms. Empirical findings of post privatization analysis indicate improvements in firm performance in regard to real sales, leverage and capital expenditures.
Über den Autor
Esra Kabaklarl studied Economics at the University of Hacettepe. She works at the Department of Economics (Selçukl University of Turkey). Her research interests include money policy, youth unemployment, economic development and time series econometrics.
Inhaltsverzeichnis

Privatization concept and theories - Privatization in the world and privatization history of Turkey - Efficiency analysis of privatization through initial public offerings (IPOs) in Turkey

Details
Erscheinungsjahr: 2016
Genre: Politikwissenschaften, Recht, Sozialwissenschaften, Wirtschaft
Rubrik: Wissenschaften
Medium: Taschenbuch
ISBN-13: 9783631675519
ISBN-10: 3631675518
Sprache: Englisch
Herstellernummer: 267551
Einband: Kartoniert / Broschiert
Autor: Kabaklarl¿, Esra
Auflage: 1. Auflage
Hersteller: Peter Lang
Peter Lang GmbH, Internationaler Verlag der Wissenschaften
Verantwortliche Person für die EU: Lang, Peter GmbH, Gontardstr. 11, D-10178 Berlin, r.boehm-korff@peterlang.com
Maße: 170 x 120 x 7 mm
Von/Mit: Esra Kabaklarl¿
Erscheinungsdatum: 21.11.2016
Gewicht: 0,109 kg
Artikel-ID: 107867900

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