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Profitability Effects of Owning a Group Affiliated Media Institution: An Emerging Market Case

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  • Deniz Ilalan

    (Department of Financial Mathematics, Institute of Applied Mathematics, Middle East Technical University, Ankara, Turkey)

Abstract

This study focuses on the performance effects of having a group affiliated media institution under the group umbrella. Existence of a media institution is expected to increase the overall group performance. The econometric model is based on the annual data between 2000-2010 for an emerging market, Turkey. It is found that owning a media institution significantly has a positive impact on the performance of group firms.

Suggested Citation

  • Deniz Ilalan, 2014. "Profitability Effects of Owning a Group Affiliated Media Institution: An Emerging Market Case," Econometrics Letters, Bilimsel Mektuplar Organizasyonu (Scientific letters), vol. 1(2), pages 17-24.
  • Handle: RePEc:bmo:bmoart:v:1:y:2014:i:2:p:7-24
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    References listed on IDEAS

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    1. Teece, David J., 1980. "Economies of scope and the scope of the enterprise," Journal of Economic Behavior & Organization, Elsevier, vol. 1(3), pages 223-247, September.
    2. Halit Gonenc & Ozgur B. Kan & Ece C. Karadagli, 2007. "Business Groups and Internal Capital Markets," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 43(2), pages 63-81, April.
    3. Daniel F. Spulber, 1996. "Market Microstructure and Intermediation," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 135-152, Summer.
    4. Karl V. Lins & Henri Servaes, 2002. "Is Corporate Diversification Beneficial in Emerging Market?," Financial Management, Financial Management Association, vol. 31(2), Summer.
    5. Dyck, Alexander & Zingales, Luigi, 2002. "The Corporate Governance Role of the Media," CEPR Discussion Papers 3630, C.E.P.R. Discussion Papers.
    6. Masahiko Aoki, 2013. "Toward an Economic Model of the Japanese Firm," Chapters,in: Comparative Institutional Analysis, chapter 18, pages 315-341 Edward Elgar Publishing.
    7. Khanna, Tarun, 2000. "Business groups and social welfare in emerging markets: Existing evidence and unanswered questions," European Economic Review, Elsevier, vol. 44(4-6), pages 748-761, May.
    8. Tarun Khanna, 2000. "Business Groups and Risk Sharing around the World," Economics Series Working Papers 2001-FE-02, University of Oxford, Department of Economics.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Panel Data; Emerging Market; Media Institution.;

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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