Ortaklık Yapısı ve Şirket Performansı: Borsa İstanbul'da Bir Uygulama

Year 2018, Volume: 3 Issue: 1, 31 - 52, 26.06.2018

Emin Avcı

Abstract

Bu çalışmada şirketlerin ortaklık yapıları, diğer bir ifade ile şirket pay sahiplerinin kimlikleri veya çeşitliliklerinin, hisse senedi getirisi üzerindeki olası etkileri araştırılmıştır. Araştırma kapsamında, Borsa İstanbul’da 2006-2010 yıllarında sürekli BİST-100 (İMKB-100) endeksi kapsamında olan şirketler incelemiştir. Söz konusu şirketlerde 2006-2010 yılları arası sahiplik yapıları sahiplerin kimliği ve yasal statüleri bazında incelenmiş; şirketlerin hisse senedi getirisi ile sahiplik yapıları arasındaki ilişki analiz edilmiştir. Çalışmada panel veri analizi kullanılmıştır. Bulgular, çalışma kapsamında yer alan şirketler ve dönem için hisse senedi getirisi ile ortaklık yapısı arasında herhangi istatistiksel anlamlı ilişki olmadığını göstermektedir.

Keywords

Kurumsal Yönetim, Ortaklık Yapısı, Finansal Performans

Ownership Structure And Company Performance: An Application In Istanbul Stock Exchange

Abstract

In this study, the effect ownership structure, in another saying shareholders’ identity and kinds of owners, on stock return was investigated. The companies, which were consistently accounted in the BIST-100 index of Borsa Istanbul during 2006-2010, were studied. The ownership identity and the

legal status of the owners of those companies were investigated throughout the period of 2006-2010 and the relation between ownership and stock exchange return was analyzed. Panel data analysis were utilized in the study. The findings of the study presented that for the companies and the period under investigation, there was no statistically significant relation between ownership structure and stock exchange return.

Keywords

Corporate Governance, Ownership Structure, Financial Performance

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