摘要:The aim of this study is to investigate the relationship between financial distress and ownership structure. In this study,112 firms’ data have been used for the time period of 2005-2009 which are operating in the İstanbul Stock Exchange (BIST) Industrial Index. Z Altman Score was used for measuring the probability of financial distress. As a result of the developed robust estimator,ownership concentration and free float ratio has negative relation with financial distress,in contrast there is a positive relation between institutional ownership and financial distress. Additionally, statistically significant relation between foreign ownership and financial distress was not detected.
其他摘要:Bu araştırmanın amacı;finansal sıkıntı ile sahiplik yapısı arasındaki ilişkiyi incelemektir. Çalışmada 2009-2015 yılları arasında Borsa İstanbul (BİST) Sınai Endeksi’nde hisse senetleri işlem gören 112 firmanın verileri kullanılmıştır. Z Altman skoru firm