The Relationships Among Corporate Governance Principles and Firm Performance

Tuğba Karabulut, Mustafa Emre Civelek, Pınar Başar, Sabri Öz and Recep Ali Küçükçolak
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Tuğba Karabulut: Istanbul Commerce University
Mustafa Emre Civelek: Istanbul Commerce University
Pınar Başar: Istanbul Commerce University
Sabri Öz: Istanbul Commerce University
Recep Ali Küçükçolak: Istanbul Commerce University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2020, vol. 35, issue 114, 401-418

Abstract: This study aims to analyse the effects of transparency and responsibility on accountability and fairness respectively and the effects of accountability and fairness on the firm performance. The principles of corporate governance which are fairness, transparency, responsibility and accountability have been studied. The data were collected randomly from 116 companies in istanbul in 2019 based on field study including five-point likert scales questionnaire. Structural equation modelling (sem) method was used to conduct the analyses. The hypotheses have been put forward to clarify the relationships among corporate governance principles and company performance in conceptual research model. Analyses results have been concluded that accountability has a positive effect on the firm performance. Additionally, responsibility has a positive effect on fairness. Conversely, the hypotheses suggested positive relations between transparency and accountability and between fairness and firm performance were not supported. Consequently, analyses results have been discussed in managerial implications perspective.

Keywords: Fairness; Transparency; Accountability; Responsibility; Corporate Governance; Firm Performance (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:35:y:2020:i:114:p:401-418

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