Corporate governance rating and ownership structure in the case of Turkey

Sevin Gurarda, Emre Ozsoz and Abidin Ates

By using corporate governance data on 22 publicly traded Turkish companies we estimate the determinants of corporate governance ratings for these companies with a focus on ownership structure. Our results show that company earnings, financial risk and firm size positively influence the corporate governance ratings (CGR) that Turkish firms receive. In the meantime, we find some weak evidence that family ownership has a negative and foreign ownership has a positive impact on CGR scores.

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Year of publication:	June 2016
Authors:	Gurarda, Sevin ; Ozsoz, Emre ; Ates, Abidin
Published in:	International Journal of Financial Studies : open access journal. - Basel : MDPI, ISSN 2227-7072, ZDB-ID 2704235-2. - Vol. 4.2016, 2, p. 1-16
Subject:	corporate governance \| corporate governance index \| Turkish firms \| Türkei \| Turkey \| Corporate Governance \| Corporate governance \| Eigentümerstruktur \| Ownership structure \| Unternehmenserfolg \| Firm performance

Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Other identifiers:	10.3390/ijfs4020008 [DOI] hdl:10419/167807 [Handle]
Classification:	G3 - Corporate Finance and Governance ; F3 - International Finance
Source:	ECONIS - Online Catalogue of the ZBW

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