Should Turkish Coastal Safety Services be Privatized? An Analysis Based on Finance Literature

Year 2019, Issue: 60, 113 - 123, 29.04.2019

İsmail Çağrı Özcan

Abstract

Assertive
privatization program implemented over the last three decades in Turkey has
ended up with the exit of the state enterprises from most of the competitive
sectors remaining those operating in the public service industries. The
Directorate General of Coastal Safety (DGCS) is one of the remaining
state-owned enterprises providing public service in the field of maritime
transportation. This study attempts to provide an analysis on the privatization
options for DGCS and their expected positive and negative outcomes. Our review
suggests that share issue privatization can be a feasible privatization method
for DGCS considering the regulatory and safety concerns regarding the specialty
of the services offered. 

Keywords

Privatization, State-owned Enterprises, Public Service, Privatization Methods, The Directorate General of Coastal Safety

Kıyı Emniyeti Hizmetleri Özelleştirilmeli mi? Finans Literatürüne Dayalı Bir Analiz

Abstract

Assertive
privatization program implemented over the last three decades in Turkey has
ended up with the exit of the state enterprises from the most of the
competitive sectors remaining those operating in the public service industries.
The Directorate General of Coastal Safety (DGCS) is one of the remaining state-owned
enterprises providing public service in the field of maritime transportation. This
study attempts to provide an analysis on the privatization options for DGCS and
their expected positive and negative outcomes. Our review suggests that share
issue privatization can be a feasible privatization method for DGCS considering
the regulatory and safety concerns regarding the specialty of the services
offered. 

Keywords

Özelleştirme, Kamu İktisadi Teşebbüsleri, Kamu Hizmeti, Özelleştirme Yöntemleri, Kıyı Emniyeti Genel Müdürlüğü

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