Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)

ACAR ERDUR, DUYGU; KARA, ESEN; KARABIYIK, Lale

Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)

Esen KARA, (The Kyrgyz-Russian Slavic University)

DUYGU ACAR ERDUR, (The Kyrgyz-Russian Slavic University)

Lale KARABIYIK (The Kyrgyz-Russian Slavic University)

Ege Akademik Bakış

3 0

Yıl: 2015 Cilt: 15 Sayı: 2 Sayfa Aralığı: 265 - 274 Metin Dili: Türkçe İndeks Tarihi: 29-07-2022

Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)

Öz:

Bu çalışmanın amacı kurumsal yönetim uygulamalarının finansalperformans üzerindeki etkilerini analiz etmektir. Bu amaçla2006-2012 yılları arasında XKURY endeksinde bulunan şirketlerinkurumsal yönetim seviyeleri ile finansal performansları arasındakiilişki panel veri analizi kullanılarak açıklanmaya çalışılmıştır.Çalışmada kullanılan finansal veriler, şirketlerin KamuyuAydınlatma Platformunda yayınlanan yıllık finansal raporlarındanve Türkiye Kurumsal Yönetim Derneğinin internet sitesindenelde edilmiştir. Bulgular, kurumsal yönetim derecelendirmenotu ile Tobins q oranı ve kaldıraç oranı arasında istatistikî olarakanlamlı ve pozitif yönlü bir ilişki bulunduğu göstermektedir.Diğer taraftan, özsermaye karlılığı, aktif karlılığı, satış karlılığı venet kar ile kurumsal yönetim düzeyi arasında anlamlı bir ilişkiyerastlanmamıştır.

Anahtar Kelime:

Konular: İşletme İktisat

Kurumsal yönetim düzeyinin ışletmelerin finansal performansı üzerindeki etkisi: Borsa İstanbul kurumsal yönetim endeksi (xkury) üzerine bir araştırma

Öz:

Purpose of the study is to analyze the efect of corporate governance on fnancial performance. For this purpose, the relationship between the fnancial performance and corporategovernance level of companies listed on XKURY index in theperiod of 2006-2012 have examined using panel data analysis. Financial data used in the study is derived from annual fnancial reports published on Public Disclosure Platform website and corporate governance rating scores are derived fromTurkish Corporate Governance Association. Results show that;there is a statistically meaningful and positive relationship between corporate governance rating score and Tobin s q valueand also leverage ratio. On the other hand, results are showingthat there is no meaningful relationship between corporategovernance level and return on equity ratio, return on assetsratio, return on sales ratio and net proft.

Anahtar Kelime:

Konular: İşletme İktisat

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	KARA E, ACAR ERDUR D, KARABIYIK L (2015). Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). , 265 - 274.
Chicago	KARA ESEN,ACAR ERDUR DUYGU,KARABIYIK Lale Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). (2015): 265 - 274.
MLA	KARA ESEN,ACAR ERDUR DUYGU,KARABIYIK Lale Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). , 2015, ss.265 - 274.
AMA	KARA E,ACAR ERDUR D,KARABIYIK L Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). . 2015; 265 - 274.
Vancouver	KARA E,ACAR ERDUR D,KARABIYIK L Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). . 2015; 265 - 274.
IEEE	KARA E,ACAR ERDUR D,KARABIYIK L "Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)." , ss.265 - 274, 2015.
ISNAD	KARA, ESEN vd. "Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)". (2015), 265-274.

APA	KARA E, ACAR ERDUR D, KARABIYIK L (2015). Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). Ege Akademik Bakış, 15(2), 265 - 274.
Chicago	KARA ESEN,ACAR ERDUR DUYGU,KARABIYIK Lale Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). Ege Akademik Bakış 15, no.2 (2015): 265 - 274.
MLA	KARA ESEN,ACAR ERDUR DUYGU,KARABIYIK Lale Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). Ege Akademik Bakış, vol.15, no.2, 2015, ss.265 - 274.
AMA	KARA E,ACAR ERDUR D,KARABIYIK L Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). Ege Akademik Bakış. 2015; 15(2): 265 - 274.
Vancouver	KARA E,ACAR ERDUR D,KARABIYIK L Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury). Ege Akademik Bakış. 2015; 15(2): 265 - 274.
IEEE	KARA E,ACAR ERDUR D,KARABIYIK L "Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)." Ege Akademik Bakış, 15, ss.265 - 274, 2015.
ISNAD	KARA, ESEN vd. "Efects of corporate governance level on the financial performance of companies: A research on bist corporate governance index (xkury)". Ege Akademik Bakış 15/2 (2015), 265-274.