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

Emin Hüseyin Çetenak
Additional contact information
Emin Hüseyin Çetenak: Nevşehir Hacı Bektaş Veli University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2015, vol. 30, issue 104, 167-181

Abstract: In this paper we examined the relationship between owners¬hip 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 positi¬ve linear relationship between firm value and ownership concent¬ration is generally the case. In this study we investigate concent-ration 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.

Keywords: Ownership Structure; Firm Value; Corporate Governance (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/150683 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:30:y:2015:i:104:p:167-181

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().