Business, Management and Accounting
8 years ago

Concentrated ownership in Turkish firms does not impact market performance.

SSRN Electronic Journal
Ownership Concentration and Corporate Performance: A Simultaneous Equation Framework for Turkish Companies
Halit Gönenç

Paper Summary

The article explores how ownership concentration affects the performance of Turkish companies. By studying industrial firms, the researchers found that concentrated ownership does not consistently impact market performance. They discovered that ownership concentration is more influenced by a firm's accounting performance rather than the other way around.

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