TY  - JOUR
TT  - Mergers, Acquisitions and Merger Waves in Turkey during the years of1988-2008
AU  - Akdoğu, Evrim
PY  - 2011
DA  - October
JF  - Muhasebe ve Finansman Dergisi
PB  - Muhasebe ve Finansman Öğretim Üyeleri Bilim ve Araştırma Derneği
WT  - DergiPark
SN  - 2146-3042
SP  - 137
EP  - 152
IS  - 52
KW  - Firma birleşmeleri
KW  - Satın alma
KW  - Türk Piyasası
KW  - Birleşme Dalgası
N2  - In this empirical study, we try to shed some light on the general patterns of merger and acquisition activity that occurred in the Turkish market during the years 1988-2008 with respect to deal characteristics using Thomson One as our primary database. In the last 20 years, there has been two major periods which can be identified as a ‘merger wave’: One occurred during the years 2000-2001 and other during 2005-2008. However, when we look at these two periods, we noticed difference with respect to the total deal values and the acquirer profiles. The 2005-2008 period has been dominated by the foreign acquirers both with respect to the deal numbers and also deal values whereas the 2000-2001 period has been dominated by the domestic acquirers with respect to numbers and again by the foreign acquirers with respect to deal values. The most active industries, based on the number of acquisitions, have been the banking, materials and the industrials. If we look at deal values, we also have to add telecommunications and energy and power to that list. Also, we found that the acquiring firms are mostly public and private firms whereas the target firms are mostly private firms and subsidiaries. Finally, we found that the number of acquisitions after which the acquiring company gains control of the target firm has increased in the last several years.
UR  - https://dergipark.org.tr/en/pub/mufad/article/396080
L1  - https://dergipark.org.tr/en/download/article-file/426932
ER  -