Siyaset Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Ceyhun KIR, Vildan GÜLPINAR

Konular:-

Anahtar Kelimeler:Corporate Governance,Rating of Compliance with Corporate

Özet: “Good Procedures and Practices such as the creation of well-functioning supervision and audit mechanisms, performance of efficient risk management, sufficient transparency level and the clarification and documentation of duties and responsibilities are very important to both companies and stakeholders. These practices, contained in various codes, form the basis of ratings of compliance with corporate governance. In Turkey this code is the Corporate Governance Principles, as established by the Capital Market Board CMB . Taking into account publicly quoted companies in particular, the principles contain procedures and practices deemed beneficial to the companies. The rating of compliance with corporate governance principles is an attempt to assess the extent of the implementation of these principles in a certain company and rate the same accordingly. This study is intended to analyze whether rates granted to companies with higher compliance ratings have influence on their financial performance and whether there is any connection between the rates granted to the companies which undergo a compliance rating in a certain time frame and their financial performance within that said time frame. To this end, financial ratios obtained from the financial statements of the rated companies and ratings complied from the four rating agencies authorized to carry out rating activities in Turkey have been analyzed using statistical methods.”

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