Year 2015, Volume 1 , Issue 1, Pages 40 - 63 2015-12-01

CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS

S. Saygin Eyupgiller [1] , Nebil Ilseven [2]


The question of Control Share Premium, more widely referred to as the “control premium” in the literature on corporate valuations is treated as a curious area of study by the academic and professional circles. This paper addresses the question of CSP primarily from a conceptual point of view. We point out, here, that, 1) corporate value drivers, summarized a “private benefits of control,” that currently are evident and internal to the acquired businesses are the main determinant of the value of the CSP; 2) CSP is indeed relevant in Turkish financial markets; and, 3) The most meaningful approach to calculate control premiums in Turkish financial markets, as in other regions, would be to employ DCF methodology on the “set of private benefits” that are identified in the target company to be acquired based on its on corporate and sectoral merits. Another conclusion is that as CPS has a certain impact on the valuation of overall equity value of a firm, it has a significant impact on the position of minority shareholders with respect to the minority protection rights in the target company
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Subjects Humanities, Multidisciplinary
Other ID JA65ZB98DG
Journal Section Articles
Authors

Author: S. Saygin Eyupgiller

Author: Nebil Ilseven

Dates

Publication Date : December 1, 2015

Bibtex @ { pap270994, journal = {PressAcademia Procedia}, issn = {}, eissn = {2459-0762}, address = {Siteler Sok. No.12/18 Maltepe, 34843, Istanbul}, publisher = {PressAcademia}, year = {2015}, volume = {1}, pages = {40 - 63}, doi = {10.17261/pressacademia.2016118138}, title = {CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS}, key = {cite}, author = {Eyupgiller, S. Saygin and Ilseven, Nebil} }
APA Eyupgiller, S , Ilseven, N . (2015). CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS. PressAcademia Procedia , 1 (1) , 40-63 . DOI: 10.17261/pressacademia.2016118138
MLA Eyupgiller, S , Ilseven, N . "CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS". PressAcademia Procedia 1 (2015 ): 40-63 <https://dergipark.org.tr/en/pub/pap/issue/25681/270994>
Chicago Eyupgiller, S , Ilseven, N . "CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS". PressAcademia Procedia 1 (2015 ): 40-63
RIS TY - JOUR T1 - CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS AU - S. Saygin Eyupgiller , Nebil Ilseven Y1 - 2015 PY - 2015 N1 - doi: 10.17261/pressacademia.2016118138 DO - 10.17261/pressacademia.2016118138 T2 - PressAcademia Procedia JF - Journal JO - JOR SP - 40 EP - 63 VL - 1 IS - 1 SN - -2459-0762 M3 - doi: 10.17261/pressacademia.2016118138 UR - https://doi.org/10.17261/pressacademia.2016118138 Y2 - 2019 ER -
EndNote %0 PressAcademia Procedia CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS %A S. Saygin Eyupgiller , Nebil Ilseven %T CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS %D 2015 %J PressAcademia Procedia %P -2459-0762 %V 1 %N 1 %R doi: 10.17261/pressacademia.2016118138 %U 10.17261/pressacademia.2016118138
ISNAD Eyupgiller, S. Saygin , Ilseven, Nebil . "CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS". PressAcademia Procedia 1 / 1 (December 2015): 40-63 . https://doi.org/10.17261/pressacademia.2016118138
AMA Eyupgiller S , Ilseven N . CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS. PAP. 2015; 1(1): 40-63.
Vancouver Eyupgiller S , Ilseven N . CALCULATION OF CONTROL VALUE AND TURKISH FINANCIAL MARKETS. PressAcademia Procedia. 2015; 1(1): 63-40.