Politically connected firms and connected individuals in Turkey

Official URL: http://risc01.sabanciuniv.edu/record=b1628630 (Table of Contents)

This research provides a descriptive analysis of politically connected firms and connected individuals in Turkey from 1998 to 2015. The data of parliamentarians between the 18th and 24th legislative periods of the Grand National Assembly of Turkey and the data of boards of directors collected from the Istanbul Stock Market and Public Disclosure Platform are utilized for identifying businessman politicians, politician businessmen and politically connected firms in Turkey. Relying on Faccio’s method of direct connections, the study defines a firm as politically connected if at least one of the members of the board of directors is a parliamentarian; or at least one of the members of the board of the directors was a parliamentarian; or a former member of the board of the directors enters into the parliament. In this study, among 694 firms traded in the Stock Market Ġstanbul politically connected firms according to years, sectors and parties are stated. Then, politically connected individuals are displayed for understanding which parties have more businessmen individuals, which parliamentary committee these individuals are and if there are ministers among them. The thesis at the end, aims to reveal the change and continuity in the relationship between business and politics in Turkey across different political parties from the 1980s on.