Risk management requires firms to mitigate the negative consequences of market dynamics on their performance outcomes. Traditional risk management solely addresses the threats and negative consequences of risk. However, total (effective) risk management is capable of regulating out-of-control market conditions to boost corporate performance by restraining market volatility and hence providing return sustainability considering the opportunities of risk as well. Based on a sample of 286 firm-year observations drawn from 26 firms listed on Borsa Istanbul, BIST-50 index, the empirical study examines the association between total risk management and firm performance and the moderating role of innovation, intellectual capital, and the pandemic period for the years 2011–2021. The analysis is performed by applying the hierarchical panel regression using ROE and ROI as proxies to measure firm performance. The results have shown that there is a positive association between total risk management and performance measures, especially among firms applying more innovation and intellectual capital investments. However, the effect of innovation on the performance relationship of total risk management (ROE) was found to be negative surprisingly. Moreover, results suggest that total risk management has a lower positive association with firm performance during the pandemic period for both performance measures.
In this study; The effects of corporate governance quality assessment notes (corporate governance rating) of firms traded on Borsa Istanbul on the stock prices of firms were investigated with the help of the New Generation Panel Data Analysis methods of 27 firms using the annual data of 2012-2018 period. The presence of cross-sectional dependence among firms included in the analysis; Breusch and Pagan (1980) were tested by LM test, Pesaran (2004) LM test, Pesaran (2004) CD test and Baltagi, Feng and Kao (2012) LMBC test and it was found that there was a horizontal cross-sectional dependence between firms. Stability of series; Pesaran (2007) was examined with CADF panel unit root test and all series were determined as I (0). The coefficients in the models were estimated by using Westerlund (2007) OLSAdj method and when the corporate governance quality of the firms increased by 1 unit, it was determined that the stock prices would increase by TL 1.13. Causality relations between series; Dumitrescu and Hurlin (2012) method was examined and one-way causality relationships were found between firms' corporate governance quality and share prices.
Purpose-Ethics, which constitute the behaviors that should be abided by or avoided by parties, are all material and non-material factors that include social, cultural, economic and scientific values that are the basis for inter-personal relationships, and are a discipline that deal with behavioral norms and rules such as correct or wrong, good or bad, which people have to abide by. In this regard, the purpose of this study is to demonstrate business ethics in corporate governance and assessment of the need for business ethics, ethical leader and ethical behaviors relationship in corporate governance, explanation of organizational ethical climate and its impacts on workers as well as perception of workers in banking sector regarding the ethical rules implemented in the context of corporate governance and the impacts of such rules. Methodology-In this study, questionnaire method was used as data collection method and ten demographical questions as well as nine questions regarding ten ethical leadership scales, eleven ethical climate scales and five non-ethical behavior scales were asked in the questionnaire. This study is a relational screening model that reviews the relations among two different situations that can affect each other in terms of several variables. Findings-There were no statistically significant differences in terms of "ethical leadership" scale scores between males and females in this study and there was a significant difference in terms of "ethical leadership" and "ethical climate" between married and single individuals observed. The desire of married individuals to work in a more stable environment and tend to be less risky also lead to the valuing of ethical leadership and ethical climate. When we look at educational status and education areas, there was a statistically significant difference between "ethical leadership" and "ethical climate" scale scores. Conclusion-This study is a guide and it will play a role and contribute to institutions in determining their own ethics and spreading this ethics to the personnel working at bank through training to be given to employees of the institution. It is foreseen that the banking structure, which is a growing and spreading system, can develop even more with the ethical rules internalized by the employees in addition to the the written ethical rules, which can affect the business loyalty and motivation of the employees in the bank.
Bu araştırma, ilaç sektöründeki işletmelerde toplam kalite ve stratejik kalite yönetimi uygulamaları bağlamında motivasyon araçlarının, işletmelerin performansları üzerine ne derecede etkisinin bulunup bulunmadığını belirlemek amacıyla gerçekleştirilmiştir. Araştırma esnasında değişkenlerin ve alt boyutlarının düzeyleri ile bireylerin cinsiyet, yaş, medeni durum, eğitim düzeyi ve çalıştıkları kurumdaki iş tecrübeleri değişkenleri bakımından anlamlı derecede bir farklılaşma olup olmadığı incelenmiştir. Araştırma kapsamında yüz yüze ve çevrimiçi olacak şekilde anket yöntemi ile veriler elde edilmiş, anket çalışması kapsamında “Motivasyon Araçları Ölçeği” ve “Performans Ölçeği” kullanılmıştır. Veriler incelendiğinde, ilaç sektöründe çalışan personellerin genel ve içsel motivasyonlarının cinsiyet, yaş ve eğitim değişkenlerine göre istatistiksel olarak anlamlı bir farklılık göstermekte oldukları, ayrıca çalışan personellerin dışsal motivasyonlarının yaş ve eğitim değişkenlerine göre istatistiksel olarak anlamlı bir farklılık göstermekte oldukları görülmüştür. Genel işletme performansının cinsiyet ve eğitim değişkenlerine göre istatistiksel olarak anlamlı bir farklılık göstermekte oldukları, işletmenin finansal performansının ise cinsiyet, yaş, medeni durum, eğitim ve çalışanların kurumdaki iş tecrübesi değişkenlerine göre istatistiksel olarak anlamlı bir farklılık göstermekte olduğu görülmüştür. İşletmenin firma içi performansının sadece eğitim değişkenine göre istatistiksel olarak anlamlı bir farklılık göstermekte olduğu, işletmenin müşteri performansının eğitim ve çalışanların kurumdaki iş tecrübesi değişkenlerine göre istatistiksel olarak anlamlı bir farklılık göstermekte olduğu, işletmenin yenilik ve öğrenme performansının ise yaş ve çalışanların kurumdaki iş tecrübesi değişkenlerine göre istatistiksel olarak anlamlı bir farklılık göstermekte olduğu görülmüştür. Araştırmanın sonucunda çalışanların genel motivasyonun genel işletme performansına anlamlı bir etkisinin bulunmadığı, fakat motivasyon boyutlarından biri olan çalışanların içsel motivasyonunun işletme performansının boyutlarından olan finansal performansına ve müşteri performansına pozitif yönde anlamlı bir etkisinin bulunduğu, firma içi performansa, yenilik ve öğrenme performansına anlamlı bir etkisinin bulunmadığı görülmüştür. ‘Toplam Kalite ve Stratejik Kalite Yönetimi Uygulamaları Bağlamında Motivasyon Araçlarının İşletme Performansı Üzerine Etkisinin İncelenmesi: İlaç Sektöründe Bir Araştırma’ isimli tezinden üretilmiştir.
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