Compliance Rating of Corporate Governance Principles: An Analysis on Companies Based on Borsa Istanbul Corporate Governance Index (BIST-XKURY) Cover Image

Kurumsal Yönetim İlkelerine Uyum Derecelendirmesi: Borsa İstanbul Kurumsal Yönetim Endeksine (BIST-XKURY) Tabi Şirketler Üzerine Bir Analiz
Compliance Rating of Corporate Governance Principles: An Analysis on Companies Based on Borsa Istanbul Corporate Governance Index (BIST-XKURY)

Author(s): Cengiz Güney
Subject(s): Business Economy / Management, Methodology and research technology, Financial Markets
Published by: İşletme Araştırmaları Dergisi
Keywords: Borsa Istanbul Corporate Governance Index (BISTXKURY); Corporate Governance Degree; Regression Analysis;

Summary/Abstract: Purpose – The purpose of this study is; to determine the effect of the Corporate Governance Compliance Level elements on the predictive effect of the Corporate Governance score. In addition, to determine whether there is a difference in the average of points according to the rating company is another purpose of the study. Design/methodology/approach – The research was carried out with multivariate regression analysis method. The data of 47 companies in the Borsa İstanbul Corporate Governance Index (BIST-XKURY); as of 01.07.2019, were analyzed within the scope of the analysis. In the research model, while Corporate Governance Rating Score is dependent variable, Shareholders Rating Score, Public Disclosure and Transparency Rating Score, Stakeholder Rating Score, and Board Rating Score represent independent variables. While performing multiple regression analysis, “Enter” method was chosen as the method. Findings – In the results of study; the relative importance order of the Corporate Governance Principles in the formation of the Corporate Governance score was determined as Shareholders Score, Board of Directors Score, Public Disclosure and Transparency Score, Stakeholder Score. According to the results of the difference analysis made for the rating companies;

  • Issue Year: 12/2020
  • Issue No: 2
  • Page Range: 1297-1307
  • Page Count: 11
  • Language: Turkish