Browsing by Author "Kalkan, Burak"

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TURKISH MERGERS AND ACQUISITIONS (M&As): A HISTORICAL VIEW OF CHARACTERISTICS, TRENDS, AND DIRECTIONS
(Zonguldak Bülent Ecevit Üniversitesi, 2018) Genç, Ömer Faruk; Kalkan, Burak; 0000-0001-7747-1095; AGÜ, Yönetim Bilimleri Fakültesi, İşletme Bölümü; Kalkan, Burak; 01. Abdullah Gül University
This study analyses acquisitions that Turkish companies are involved between 1990-_x000D_ 2017 by analyzing trends in number and volume of activity, geographic dispersion of foreign_x000D_ acquirers and targets, deal characteristics. We also group acquisitions into three according to_x000D_ the home country of acquirers and targets and compare. As being the first study to analyze all_x000D_ three groups at the same time and having the most comprehensive sample in terms of period, this_x000D_ study contributes to the literature by providing a detailed and comprehensive understanding_x000D_ of Turkish M&As. We finally discuss implications for firms and policymakers while providing_x000D_ insights for future research
Citation - Scopus: 1
What Are the Outcomes of Emerging Markets Mergers and Acquisitions? Evidence From Turkey
(Inderscience Publishers, 2019) Genç, Omer Faruk; Kalkan, Burak; 01. Abdullah Gül University
Emerging markets have become home to an increasing amount of acquisition activity. However, we do not know much about how domestic and international acquisitions differ in terms of their outcomes. The objective of this study is to compare these acquisitions in the context of an emerging country. To do so, we analysed all acquisitions that occurred in Turkey between 1989 and 2017. We found that domestic acquirers significantly outperformed foreign acquirers of Turkish companies. Our analysis of financial indicators suggests that foreign acquirers are larger in size, have greater leverage and intangibles, and engage in bigger deals. However, growth in leverage, capital expenditures, and administrative and staff expenses are greater in domestic acquirers. Overall, our findings suggest that domestic acquirers are affected more significantly by acquisitions compared to foreign acquirers and based on the financial outcomes of acquisitions there are several differences between these two groups of acquirers. © 2020 Elsevier B.V., All rights reserved.