Tore, İ Rem2025-01-062025-01-0620201307-98321307-9859https://search.trdizin.gov.tr/tr/yayin/detay/426392https://hdl.handle.net/20.500.14669/1198Dispersed ownership is not the rule except for the US and UK. Instead, companies are concentrated in thehand of families in the rest of the world. It is stated that the quality of transparency is directly associated withthe ownership structures. Thus, it is not possible to comprehend transparency practise followed by firmswithout understanding how their capital structure and dynamics of this structure affect their management.Previous studies have found that Turkish joint-stock companies have highly concentrated and centralizedfamily based ownership structure but the foundations of having this ownership structure are rarely taken intoconsideration. This is particularly important in setting the standards for transparency. This study attempts totrace back the ownership structure of Turkish companies to explain why families are the dominantshareholders in this structure. The results show that heavy government intervention in business activitiesaffects the complexity of organizational structures and the transparency practices of companies.eninfo:eu-repo/semantics/openAccessArticle11229974263920