Kurumsal Yöneti̇m Derecelendi̇rme Notlarinin Hesaplanmasi: Bist Turi̇zm İşletmeleri̇ Üzeri̇nde Bi̇r Uygulama

Yılmaz, Erdal

doi:10.26450/jshsr.2337

Cited by 1 publication

(5 citation statements)

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“…Moreover, Toraman and Abdio glu (2008) study on the CG principles of the publicly traded companies in Turkey to determine deficiencies, and Orbay and Yurto glu (2006) examine the CG structure on the corporate investment profile, whereas Zeitun (2014) and Bulathsinhalage and Pathirawasam (2017) focus on the relationship with the capital structure; John and Senbet (1998) The second group studies concentrate on the CG rating notes. Siagian et al (2013) and Yılmaz and Bedir (2021) examine the relationship between the CG rating notes and corporate governance for India and Turkey, respectively. In addition, Ashbaugh-Skaife et al (2006) study the relationship between the CG rating notes and financial performance in the United States of America (USA).…”

Section: Literature Reviewmentioning

confidence: 99%

“…On the other hand, companies would like to have a CG rating note so that how they comply with the CG principles can be seen by stakeholders. In this context, the overall CG rating notes can be between 1 and 10, and sub-components have the weights as shareholders 25%; public disclosure and transparency 25%, stakeholders 15% and the BoD 35% share (CMB, 2007; Yılmaz and Bedir, 2021). Hence, we can state that the CG principle compliance reports provide comprehensive information concerning the sub-components of the CG principles.…”

Section: Contextual Background and Literature Reviewmentioning

confidence: 99%

“…The second group studies concentrate on the CG rating notes. Siagian et al (2013) and Yılmaz and Bedir (2021) examine the relationship between the CG rating notes and corporate governance for India and Turkey, respectively. In addition, Ashbaugh-Skaife et al (2006) study the relationship between the CG rating notes and financial performance in the United States of America (USA).…”

Section: Contextual Background and Literature Reviewmentioning

confidence: 99%

“…As a summary of the literature review, it can be summarized that: There are limited (only two) studies examining the structured CG reports for Turkey (Kartal and Budayoğlu Yılmaz, 2019a, 2019b). Although some studies investigate the relationship between the CG principles compliance and the CG rating notes (Siagian et al , 2013; Yılmaz and Bedir, 2021), this has not been comprehensively examined empirically by using structured CG principles compliance reports, especially for Turkey case. There is no study to provide a prediction model to increase the CG rating notes by applying an empirical model and benefiting from the structured CG principles compliance reports. …”

Section: Contextual Background and Literature Reviewmentioning

confidence: 99%

“…Although some studies investigate the relationship between the CG principles compliance and the CG rating notes (Siagian et al , 2013; Yılmaz and Bedir, 2021), this has not been comprehensively examined empirically by using structured CG principles compliance reports, especially for Turkey case.…”

Section: Contextual Background and Literature Reviewmentioning

confidence: 99%

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The impact of priority issues for publicly traded companies in corporate governance (CG) rating notes: an empirical study in Turkey

Kartal

Depren²,

Depren³

2022

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Purpose This paper aims to determine priority issues in the corporate governance (CG) principles to increase CG rating notes of publicly traded companies. Design/methodology/approach This study defines the priority issues for publicly traded companies that should be focused to increase the CG rating notes. In this context, this study considers the companies in Borsa Istanbul CG index (XKURY), use data for 2018, 2019, 2020, and applies machine learning algorithms. Findings Overall, importance of each CG principle changes for the CG rating notes; first five CG principles in terms of significance have a total of 43.6% importance for the CG rating notes; following a straight-line approach in completing deficiencies of the CG principles cannot help increase the CG rating notes. Hence, empirical results highlight the impact of the most significant CG principles in terms of the CG rating notes that should be focused on by publicly traded companies so that CG ratings can be increased. Research limitations/implications This study uses Turkey data and considers publicly traded companies in the XKURY index. The main cause of this condition is that consolidated data of compliance report format for all publicly traded companies cannot be obtained. Practical implications The publicly traded companies can increase the CG rating notes by considering the results of this study while focusing on priority issues in the CG principles. Social implications The study determines the most important CG principles that companies can focus on, highlights the importance of usage of machine learning algorithms in determining the most influential CG principles in terms of the CG rating notes and reflects on the difficulties for gathering consolidated CG principles compliance reporting data for all publicly traded companies. Hence, societies can have better companies that are ruled more efficiently and corporately by increasing their compliance with the CG principles. Originality/value To the best of the authors’ knowledge, this is the first empirical study that determines the priority issues to increase the CG rating notes of publicly traded companies based on the new CG principles compliance reporting scheme in Turkey. Following this aim, machine learning algorithms, which can present better results with regard to most of the econometric models, are used in this study.

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