Halka Açiklik Oraninin Fi̇rmalarin Kârliliğina Etki̇si̇: Teksti̇l Sektöründe Bi̇r Araştirma

Abstract

This paper aims to investigate the relation between the free float rates and the profitability of textile firms in the Istanbul Stock Exchange (ISE). The data are obtained from 27 textile firms included in the ISE between the year of 2010 and 2014. In this context, return on sales, return on assets, return on equit and, earnings per share are used as dependent variables and free float rate, age of firms and financial leverage are used as independent variables. In analyzing the data, the panel regression model was used. As the result of the study, it was determined that free float rate of firms affect their profitibality as negative.

Türkiye’de Halka Açık Firma Yatırımcılarının Yaşadığı Vekalet Maliyetleri

“…In many studies in the literature, the relation between shareholder structure and firm performance has been analyzed. Therefore, in most of them, "free float rates" was used as an independent variable (Acaravcı, Kandır and Zelka, 2015;Avcı, 2018;Çam, 2016;Li, 2012;Onem and Demir, 2015;Ozer and Ozen, 2018;Srivastava, 2011;Topaloğlu, 2017). In this study, unlike other studies in the literature, the aim is the determination of agency costs encountered by minority shareholders.…”