Corporate governance rating and ownership structure in the case of Turkey
International Journal of Financial Studies, cilt.4, sa.2, 2016 (Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 4 Sayı: 2
- Basım Tarihi: 2016
- Doi Numarası: 10.3390/ijfs4020008
- Dergi Adı: International Journal of Financial Studies
- Derginin Tarandığı İndeksler: Scopus
- Anahtar Kelimeler: Corporate governance, Corporate governance index, Turkish firms
- Açık Arşiv Koleksiyonu: AVESİS Açık Erişim Koleksiyonu
- Hatay Mustafa Kemal Üniversitesi Adresli: Evet
Özet
By using corporate governance data on 22 publicly traded Turkish companies we estimate the determinants of corporate governance ratings for these companies with a focus on ownership structure. Our results show that company earnings, financial risk and firm size positively influence the corporate governance ratings (CGR) that Turkish firms receive. In the meantime, we find some weak evidence that family ownership has a negative and foreign ownership has a positive impact on CGR scores.