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dc.contributor.authorErtuna, Özer
dc.contributor.authorMüslümov, Alövsat
dc.date.accessioned2014-07-26T12:21:38Z
dc.date.available2014-07-26T12:21:38Z
dc.date.issued2002
dc.identifier.citationERTUNA, Ö. MÜSLÜMOV, A., (2002) The financial and operating performance of privatized companies in Turkey. 58th Congress of the International Institute of Public Finance, Helsinki, Finland.en_US
dc.identifier.urihttp://hdl.handle.net/11376/423
dc.description.abstractThis paper examines the post privatization performance of privatized companies using a sample of privatization cases in Turkey completed within 1990-2000. Research findings indicate that, when the performance criteria for private enterprises are considered, privatization in competitive industries results in significant increases in return on investment. This increase comes from increasing financial leverage, whereas return on assets variable does not contribute significantly to increase in return on investment. The cash flow margin increases postprivatization, however, asset productivity declines, which is due to the huge asset expansion in privatized companies. The expansion in assets doesn’t represent increased capital investment, and primarily financed by financial leverage. Privatization benefits stem from increased production efficiency and eliminating redundant labor force.en_US
dc.language.isoengen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectPrivatizationen_US
dc.subjectTurkeyen_US
dc.subjectCement Industryen_US
dc.subjectOwnership Structureen_US
dc.titleThe financial and operating performance of privatized companies in Turkeyen_US
dc.typeconferenceObjecten_US
dc.relation.journalCongress of the International Institute of Public Finance (58: 2002: Helsinki, Finland)en_US
dc.contributor.departmentDoğuş Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US


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