Corporate governance in Turkey: reform and convergence

Aylin Poroy Arsoy and David Crowther

Social Responsibility Journal, 2008, vol. 4, issue 3, 407-421

Abstract: Purpose - The purpose of this paper is to investigate the extent of convergence of regulations and of practice regarding corporate governance between a developing country (Turkey) and a developed country (the UK). Design/methodology/approach - The development of the codes is described and compared and then research is conducted into the top 100 companies on the stock exchanges of each country. Findings - It is shown that, although the codes, and their iterative development, are similar, the degree of compliance is dissimilar. Research limitations/implications - These findings suggest that further research in other countries is also needed to see if the explanations are robust. Originality/value - Much research has been undertaken into corporate governance and national differences but the paper is different in that it makes a comparison between countries and also between regulation and practice to show that these diverge.

Keywords: Corporate governance; Developing countries; Culture; Turkey (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:srjpps:v:4:y:2008:i:3:p:407-421

DOI: 10.1108/17471110810892893

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