Ankara : The Department of Business Administration, Bilkent University, 2001.Thesis (Ph.D.) -- Bilkent University, 2001.Includes bibliographical references leaves 216-224.The study describes the main characteristics of ownership structure of the Turkish\ud
nonfinancial firms listed on the Istanbul Stock Exchange (ISE) and examines the impact\ud
of ownership structure on performance and risk-taking behavior of Turkish firms.\ud
Turkish corporations can be characterized as highly concentrated, family owned firms\ud
attached to a group of companies generally owned by the same family or a group of\ud
families. Ownership structure is defined along two attributes: concentration and identity\ud
of the owner(s). We conclude that there is a significant impact of ownership structure -\ud
ownership concentration and ownership mix- on both performance and risk-taking\ud
behavior of the firms in our sample. Higher concentration leads to better market\ud
performance but lower accounting performance. Family-owned firms, contrast to\ud
conglomerate affiliates, seem to have lower performance with lower risk. Governmentowned\ud
firms have lower accounting, but higher market performance with higher risk.Gürsoy, GünerPh.D