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Privatization : concept and theories -- Privatization in the world and privatization history of Turkey -- Efficiency … analysis of privatization through initial public offerings (IPOs) in Turkey …
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underwriters' valuation and underpricing in 113 firms going public on Borsa Istanbul. It argues that underwriter discretion in the … valuation is crucial to underpricing in the Turkish market, where fixed price is the dominant method of offering and retail … initial returns. One standard deviation increase in deliberate discounts is associated with a 30.4% reduction in underpricing …
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