Abstract:

Purpose - The purpose of the study is to determine by statistical analysis whether the ownership structures of the manufacturing industry companies that trade shares in Borsa Istanbul (BIST) have an impact on value-focused performance standards. Method - The variables of the ownership structure (independent) of the enterprises are the size of the board of directors, the public transparency rate, the public transparency period and the age of the enterprise. Economic value added (EVA) and market value added (MVA) are based on value-oriented performance standards. In the analysis, the natural logarithm of the total assets of the enterprises of the corresponding period was also used as a control variable. In the study, the annual data of for the period 2011-2017 (124 with full access to the data), with the help of the JASP package program, the necessary statistical analyses (regression) were carried out, the existence and direction of the relationship between the variables. According to the statistical results obtained from the Regression analysis, it has been observed that the ownership structures have no effect on the EVA, the effect of the control variable is meaningful, and in the MVA model the effect of the control variable is meaningful. Discussions - According to the research findings, the size of the board of directors of enterprises, the age of the enterprise and the period of public availability have not been identified an impact on the market added values (MVA) and economic added values (EVA) of enterprises. It has been revealed that the public transparency rate has a negative effect on the MVA, its total assets have a negative effect on the EVA and a positive effect on the MVA.

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