Effects Of Corporate Governance Level On The Financial Performance Of Companies: A Research On BIST Corporate Governance Index (XKURY)

Esen Kara (), Duygu ACAR Erdur () and Lale Karabiyik ()
Additional contact information
Esen Kara: The Kyrgyz-Russian Slavic University
Duygu ACAR Erdur: The Kyrgyz-Russian Slavic University
Lale Karabiyik: The Kyrgyz-Russian Slavic University

Ege Academic Review, 2015, vol. 15, issue 2, 265-274

Abstract: Purpose of the study is to analyze the effect of corporate governance on financial performance. For this purpose, the relationship between the financial performance and corporate governance level of companies listed on XKURY index in the period of 2006-2012 have examined using panel data analysis. Financial data used in the study is derived from annual financial reports published on Public Disclosure Platform web site and corporate governance rating scores are derived from Turkish Corporate Governance Association. Results show that; there is a statistically meaningful and positive relationship between corporate governance rating score and Tobin’s q value and also leverage ratio. On the other hand, results are showing that there is no meaningful relationship between corporate governance level and return on equity ratio, return on assets ratio, return on sales ratio and net profit.

Keywords: Corporate Governance; Financial Performance; Corporate Governance Index; Panel Data Analysis; Turkey (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.onlinedergi.com/makaledosyalari/51/pdf2015_2_11.pdf (application/pdf)
http://www.onlinedergi.com/eab/arsiv/arsivDetay.aspx?yil=2015&peryot=2 Website of the journal (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ege:journl:v:15:y:2015:i:2:p:265-274

Access Statistics for this article

Ege Academic Review is currently edited by Özlem Önder

More articles in Ege Academic Review from Ege University Faculty of Economics and Administrative Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Baris Gök ().