Browsing by Author "Taran, Alina"

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Citation - WoS: 12
Citation - Scopus: 13
THE EFFECTS OF CORPORATE GOVERNANCE PRACTICES ON FIRM-LEVEL FINANCIAL PERFORMANCE: EVIDENCE FROM BORSA ISTANBUL XKURY COMPANIES
(VILNIUS GEDIMINAS TECH UNIV, 2021) Tarik Saygili Arikan; Ebru Saygili; Alina Taran; Saygili, Arikan Tarik; Saygili, Ebru; Taran, Alina
Corporate governance (CG) is a fundamental criteria for enhancing investors' and stakeholders' trust relatively recently recognized in emerging markets. This study investigates the effects of CG practices on the firm-level financial performance of Borsa Istanbul XKURY-indexed companies during 2007-2019. Four specific aspects of CG are analysed: shareholders' rights public disclosure and transparency stakeholders' rights and board of directors functioning as defined by the Turkish Code of Corporate Governance in line with international principles of CG issued by OECD. Alternative estimations of panel regression analysis indicate a positive association between stakeholder-oriented governance practices and firm-level financial performance expressed by accounting measures for both financial and non-financial companies. Shareholder protection policies have a negative influence on accounting-based performance especially for non-financial industries whereas the corporate practices related to board of directors and public disclosure vary between financial and non-financial entities. These findings contribute to international research on CG implications for emerging markets providing evidence about the importance of stakeholders' protection and the distinctive effects of CG dimensions for corporate financial performance.
Citation - WoS: 1
Citation - Scopus: 1
Who dictates corporate governance practices in Turkey? The role of ownership structure for XKURY companies
(Routledge info@tandf.co.uk, 2020) Ebru E. Saygılı; Arikan Tarik Saygili; Alina Taran; Saygili, Arıkan Tarık; Saygili, Ebru; Taran, Alina
This paper investigates the influence of ownership structure on corporate governance practices of Turkish companies listed in Borsa Istanbul Corporate Governance Index (XKURY). It proposes a context-specific ownership structure (founding families state ownership foreign ownership from both developed and emerging markets and institutional investors) and publicly available corporate governance scores as indicators for corporate governance practices. The results of fixed effects panel regression analyses show that state ownership has a negative influence on weighted and non-weighted average corporate governance scores as mainly determined by shareholder protection and board of directors-related practices during 2010–2017. The evidence regarding the other ownership categories is not sufficient over alternative estimations. Overall the study provides a critical assessment of the role of ownership in shaping the corporate governance practices of XKURY companies. © 2020 Elsevier B.V. All rights reserved.