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

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