The Relationship Between Corporate Governance and Firm Value and Performance: The Evidence from Istanbul Stock Exchange of Turkey
Küçük Resim Yok
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Nature
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Due to the globalization process in the world, many developments in the economic system increase the competition between companies. The increase of competition makes the corporate governanceGovernance practices important in terms of firm value and performance. Therefore, our aim in this study is to examine the effect of corporate governanceGovernance practices on firm value and performance. The study is based on companies in Istanbul Stock Exchange (ISE) Corporate GovernanceGovernance Index in Turkey. The panel data of 34 companies in the ISE Corporate GovernanceGovernance Index for the period 2015–2019 are gathered. Unit root test, Granger causality test, and regression analysis are performed within the scope of panel data analysis and the findings are interpreted in the study. The results showed that the increase of the corporate governanceGovernance practices of companies affects the value and performance of the company significantly and positively. In addition, it was found that the increase in the current ratio, debt ratio, and equity growth rate of the firm has a significant and positive effect on the value and performance of the firms while the increase in the size of the firm has a significant and negative effect. To sum up, it is revealed that firms’ activities within the framework of the principles of transparency, equality, accountability, and responsibility affects firm value and performance in a strongly positive way. © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.
Açıklama
Anahtar Kelimeler
Corporate governance, Firm performance, Firm value, Panel data analysis
Kaynak
Accounting, Finance, Sustainability, Governance and Fraud
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
Part F2403
