Privatization Performance in Turkey

by Esra Kabaklarli (Author)
EPUB
unlimited loans, One at a time
Details

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.

Book Details

Publication Date
November 18, 2016
Publisher
Page count
120
ISBN
9783631697573
Paper ISBN
9783631675519