Privatization Performance in Turkey

Table Of Contents

• Cover
• Title
• Copyright
• About the author
• About the book
• This eBook can be cited
• Abstract
• Contents
• Introduction
• Part One – Privatization Concept and Theories
• 1.1. Definition of the Privatization Concept
• 1.2. Historical Development of Privatization Practices
• 1.3. Aims of Privatization
• 1.3.1. Economic Goals
• 1.3.1.1. Strengthening the Free Market Economy
• 1.3.1.2. Increasing Economic Efficiency
• 1.3.1.3. Strengthening the Capital Market
• 1.3.1.4. Improving Income Distribution
• 1.3.2. Financial Goals
• 1.3.2.1. Reducing the Public Sector’s Need for External Financing
• 1.3.2.2. Reducing the Public Sector Borrowing Requirement (PSBR)
• 1.3.2.3. Changing the Taxation Structure
• 1.3.3. Privatization Goals of Developed and Developing Countries
• 1.3.4. Economic Efficiency and Natural Monopolies
• 1.4. Privatization Theories
• 1.4.1. The Classical School and Monetarism
• 1.4.2. Property Rights Theory
• 1.4.3. Public Choice Theory
• 1.4.4. The Market- Friendly Approach
• 1.4.5. The Friedman Matrix (Efficient Use of Money)
• Part Two – Privatization in the World and Privatization History of Turkey
• 2. Privatization in Turkey
• 2.1. The Pre-Republic Era
• 2.2. The Post-Republic Era (1923–1945)
• 2.3. Democratic Party and Planned Development Era (1946–1980)
• 2.4. The Liberal Era after 1980
• 2.5. Detailed Analysis of the Recent Privatizations in Turkey
• 2.5.1. Privatizations in the Electricity Sector and Electricity Distribution Procedures
• 2.5.1.1. The Performance of the Turkish Electricity Sector following Privatization
• 2.5.2. Privatizations in the Telecommunications Sector
• 2.5.2.1. The History of Turk Telecom
• 2.5.2.2. Turk Telecom Privatization
• 2.5.2.3. Turk Telecom Public Offering Process
• 2.5.2.4. The Performance of Turk Telecom after Privatization
• 2.5.3. Privatization of Highways and Bridges
• 2.5.3.1. The Privatization of Highways in Theory
• Part Three – Efficiency Analysis of Privatization through Initial Public Offerings (IPOs) in Turkey
• 3.1. Data and Methodology
• 3.2. Results from the Empirical Study
• 3.3. Results from the Empirical Study with GARCH Method
• Review and Conclusions
• References
• Internet Resources