Research Article
Year 2016,
Volume: 1 Issue: 2, 30 - 39, 28.10.2016
Abstract
Bu çalışmada; Türkiye’de ulaştırma sektöründe
faaliyet gösteren ve Borsa İstanbul’da işlem gören işletmelerin 2010-2014
yıllarına ait mali tablo ve faaliyet raporlarından elde edilen veriler yardımı
ile kurumsal yönetim uygulamaları ile işletme performansına arasındaki
ilişkiler, panel veri seti kullanılarak regresyon analizi ile incelenmiştir. Bu
kapsamda çalışmada; yönetim kurulunda yer alan üye sayısı, bağımsız yönetim
kurulu üye sayısının yönetim kurulu üye sayısına oranı, kurumsal yatırımcı
payı, yabancı yatırımcı payı, nitelikli pay sahipliği oranı, halka açıklık
oranı ile işletme performans arasındaki ilişkiler araştırılmıştır. Yapılan
analizler sonucunda; kurumsal yatırımcı payı, yabancı yatırımcı payı ve halka
arz oranı ile aktif karlılık arasında ve yönetim kurulu üye sayısı, yabancı
yatırımcı payı, nitelikli pay sahipliği oranı ile öz sermaye karlılığı arasında
ilişki olduğu tespit edilmiştir. Fakat diğer değişkenler ile işletme
performansı arasında bir ilişki tespit edilememiştir.
References
- Arıkboğa, F. Ş. ve Menteş A. (2009). Türkiye’de kurumsal yönetişim iklimi. İktisat Fakültesi Mecmuası, 59(2), 85-120.
- Arora, A. ve Sharma, C. (2015). Impact of firm performance on board characteristics: Empiricial evidence from India. IIM Kozhikode Society & Management Review, 4(1), 53-70.
- Ahmed, E. ve Hamdan, A. (2015). The impact of corporate governance on firm performance: Evidence from Bahrain Bourse. International Management Review, 11(2), 21-37.
- Bauer, R., Frijns, B., Otten, R., ve Tourani-Rad, A. (2008). The impact of corporate governance on corporate performance: Evidence from Japan. Pacific Basin Finance Journal, 16, 236-251.
- Das, A., ve Dey, S. (2016). Role of corporate governance on firm performance: A study on large Indian corporations after implementation of Companies’ Act 2013. Asian Journal of Business Ethics, 5(1), 1-16.
- Eroğlu, C. A. (2003). Kurumsal yönetim ilkeleri çerçevesinde kamunun aydınlatılması. Sermaye Piyasası Kurulu Yeterlik Etüdü.
- Ferrer, R. C., ve Banderlipe, R. S. (2012). The influence of corporate board characteristics on firm performance of publiclt listed property companies in the Philippines. Academy of Accounting and Financial Studies Journal, 16( 4), 123-142.
- Greene, W. H. (2012). Econometric Analysis. New Jersey: Prentice Hall.
- Guo, Z., ve KGA, U. K. (2012). Corporate governance and firm performance of listed firms in Sri Lanka Procedia Social and Behavioral Sciences, 40, 664-667.
- Gupta, P., ve Sharma, A. M. (2014). A study of the impact of corporate governance practices on firm performance in Indian and South Korean companies. Procedia Social and Behavioral Sciences, 133, 4-11.
- İşcan, Ö. F., ve Kayğın, E. (2009). Kurumsal yönetişim sürecinin gelişimi üzerine bir araştırma. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 13(2), 213-224.
- Koçel, T. (2010). İşletme yöneticiliği. İstanbul: Beta Yayınevi.
- Kara, E., Erdurur D., ve Karabıyık, L. (2015). Effects of corporate governance level on the financial performance of companies: a research on bıst corporate governance ındex (XKURY). Ege Akademik Bakış, 15(2), 265-274.
- Li, Y., Armstrong, A. ve Clarke, A. (2014). The relationship between corporate governance and financial performance of small corporations in Australia. Journal of Business Systems, Governance and Ethics, 9(2), 25-39.
- Mashayekhi, B., ve Bazazb, M. S. (2008).Corporate governance and firm performance in Iran. Journal of Contemporary Accounting and Economics, 4(2), 156-172.
- Mollah, A. S. (2007). Ownershıp structure, corporate governance, and firm's performance in emerging markets: evidence from Bangladesh. The International Journal of Finance, 19(1), 4315-4333.
- Omran, M. M., Bolbol, A. ve Fatheldin, A. (2008). Corporate governance and firm performance in arab equity markets: does ownership concentration matter?. International Review of Law and Economics, 28, 32-45.
- Shahzad F., Ahmed, N., Fareed, Z., Zulfiqar, B., ve Naeem, F. (2015). Corporate governance impact on firm performance: evidence from cement industry of Pakistan. European Researcher, 90(1), 37-47.
- Subramanian, S. (2015). Corporate governance, institutional ownership and firm performance in İndian state-owned enterprises.Asia-Pacific Journal of Management Research and Innovation, 11(2), 117-127.
- Tatoğlu, F. Y. (2012). Panel veri ekonometrisi. İstanbul: Beta Yayınevi.
- Ueng, C. J. (2015). The analysis of corporate governance policy and corporate financial performance. Journal of Economics and Finance, 40(2), 1-10.
- Yiğit, İ. (2014). Ownership structure, executive structure and firm performance: evidence from Turkey. Marmara Üniversitesi İ.B.B. Dergisi, 36(2), 349-364.
- Zheka V. (2005). Corporate governance, ownership structure and corporate efficiency: the case of ukraine. Managerial and Decision Economics, 26, 451-460. [Çevrim İçi: http://dss.princeton.edu/online_help/stats_packages/stata/panel.htm#choice]Erişim Tarihi: 16 Şubat 2016.
Year 2016,
Volume: 1 Issue: 2, 30 - 39, 28.10.2016
Abstract
In this
study, the relationship between corporate governance practices and business performance
of enterprises is investaged using panel data set with regression analysis. The
data are obtained from 2010-2014 financial statements and annual reports of the
enterprises who are in transportation sector and whose shares are traded in
İstanbul Exchange. In this context in the study between the number of board
members, the rate of number of independent board members to number of board
members, the share of institituonal investors, the share of foreign investors,
qualified share holding ratio, the ratio of share that go public and business performance
is investigated. As a result of the analysis, the relationship between share of
institituonal investors the share of foreign investors, qualified share holding
ratio and equity profitability is determined. But the relationship between the other
variables and business performance is not determined.
References
- Arıkboğa, F. Ş. ve Menteş A. (2009). Türkiye’de kurumsal yönetişim iklimi. İktisat Fakültesi Mecmuası, 59(2), 85-120.
- Arora, A. ve Sharma, C. (2015). Impact of firm performance on board characteristics: Empiricial evidence from India. IIM Kozhikode Society & Management Review, 4(1), 53-70.
- Ahmed, E. ve Hamdan, A. (2015). The impact of corporate governance on firm performance: Evidence from Bahrain Bourse. International Management Review, 11(2), 21-37.
- Bauer, R., Frijns, B., Otten, R., ve Tourani-Rad, A. (2008). The impact of corporate governance on corporate performance: Evidence from Japan. Pacific Basin Finance Journal, 16, 236-251.
- Das, A., ve Dey, S. (2016). Role of corporate governance on firm performance: A study on large Indian corporations after implementation of Companies’ Act 2013. Asian Journal of Business Ethics, 5(1), 1-16.
- Eroğlu, C. A. (2003). Kurumsal yönetim ilkeleri çerçevesinde kamunun aydınlatılması. Sermaye Piyasası Kurulu Yeterlik Etüdü.
- Ferrer, R. C., ve Banderlipe, R. S. (2012). The influence of corporate board characteristics on firm performance of publiclt listed property companies in the Philippines. Academy of Accounting and Financial Studies Journal, 16( 4), 123-142.
- Greene, W. H. (2012). Econometric Analysis. New Jersey: Prentice Hall.
- Guo, Z., ve KGA, U. K. (2012). Corporate governance and firm performance of listed firms in Sri Lanka Procedia Social and Behavioral Sciences, 40, 664-667.
- Gupta, P., ve Sharma, A. M. (2014). A study of the impact of corporate governance practices on firm performance in Indian and South Korean companies. Procedia Social and Behavioral Sciences, 133, 4-11.
- İşcan, Ö. F., ve Kayğın, E. (2009). Kurumsal yönetişim sürecinin gelişimi üzerine bir araştırma. Atatürk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 13(2), 213-224.
- Koçel, T. (2010). İşletme yöneticiliği. İstanbul: Beta Yayınevi.
- Kara, E., Erdurur D., ve Karabıyık, L. (2015). Effects of corporate governance level on the financial performance of companies: a research on bıst corporate governance ındex (XKURY). Ege Akademik Bakış, 15(2), 265-274.
- Li, Y., Armstrong, A. ve Clarke, A. (2014). The relationship between corporate governance and financial performance of small corporations in Australia. Journal of Business Systems, Governance and Ethics, 9(2), 25-39.
- Mashayekhi, B., ve Bazazb, M. S. (2008).Corporate governance and firm performance in Iran. Journal of Contemporary Accounting and Economics, 4(2), 156-172.
- Mollah, A. S. (2007). Ownershıp structure, corporate governance, and firm's performance in emerging markets: evidence from Bangladesh. The International Journal of Finance, 19(1), 4315-4333.
- Omran, M. M., Bolbol, A. ve Fatheldin, A. (2008). Corporate governance and firm performance in arab equity markets: does ownership concentration matter?. International Review of Law and Economics, 28, 32-45.
- Shahzad F., Ahmed, N., Fareed, Z., Zulfiqar, B., ve Naeem, F. (2015). Corporate governance impact on firm performance: evidence from cement industry of Pakistan. European Researcher, 90(1), 37-47.
- Subramanian, S. (2015). Corporate governance, institutional ownership and firm performance in İndian state-owned enterprises.Asia-Pacific Journal of Management Research and Innovation, 11(2), 117-127.
- Tatoğlu, F. Y. (2012). Panel veri ekonometrisi. İstanbul: Beta Yayınevi.
- Ueng, C. J. (2015). The analysis of corporate governance policy and corporate financial performance. Journal of Economics and Finance, 40(2), 1-10.
- Yiğit, İ. (2014). Ownership structure, executive structure and firm performance: evidence from Turkey. Marmara Üniversitesi İ.B.B. Dergisi, 36(2), 349-364.
- Zheka V. (2005). Corporate governance, ownership structure and corporate efficiency: the case of ukraine. Managerial and Decision Economics, 26, 451-460. [Çevrim İçi: http://dss.princeton.edu/online_help/stats_packages/stata/panel.htm#choice]Erişim Tarihi: 16 Şubat 2016.
There are 23 citations in total.
Details
| Journal Section | Makaleler |
|---|---|
| Authors | |
| Publication Date | October 28, 2016 |
| Submission Date | October 23, 2017 |
| Published in Issue | Year 2016Volume: 1 Issue: 2 |