Araştırma Makalesi
Yıl 2018,
Cilt: 1 Sayı: 2, 1 - 20, 29.08.2018
Öz
Bu
çalışmanın amacı, denetim komitesi özelliklerinin firmaların performansları
üzerindeki etkisini araştırmaktır. Çalışmanın amacı kapsamında, 2012-2016
yılları arasında BIST İmalât Sanayi Sektöründe faaliyet gösteren 75 firmanın
yıllık verilerinden yararlanılmıştır. Çalışmada panel veri analizinden
yararlanılmıştır. Regresyon modellerinde sırasıyla firmaların aktif kârlılığı
ve özsermaye kârlılığı bağımlı değişkenler olarak kullanılmıştır. Bağımsız
değişkenler ise denetim komitesi özelliklerinden; denetim komitesinin bağımsızlığı, toplantı sıklığı, büyüklüğü, muhasebe ve finans alanında
uzmanlığıdır. Analiz sonucunda, genel olarak firmaların denetim komitesi
özellikleri ile performansları arasında istatistiksel olarak anlamlı bir ilişkinin olmadığı
tespit edilmiştir.
Anahtar Kelimeler
Kaynakça
- AbdurRouf, M. D. (2011). The relationship between corporate governance and value of the firm in developing countries: Evidence from Bangladesh. The International Journal of Applied Economics and Finance, 5, 237-244.Acaravcı, K., Kandır, Y. S., & Zelka, A. (2015). Kurumsal Yönetimin BIST Şirketlerinin Performanslarına Etkisinin Araştırılması. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(1), 171-183.Al-Matari, Y. A., Al-Swidi, A. K., & Fadzil, F. H. B. (2012). Audit committee effectiveness and performance of Saudi Arabia listed companies. Wulfenia Journal, 19(8), 169-188.Alsaeed, K. (2006). The association between firm-specific characteristics and disclosure: The case of Saudi Arabia. Managerial Auditing Journal, 21(5), 476-496.Anderson, R., Mansi, S., Reeb, D. (2004), Board characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics, 37(3), 315-342.Bauer, R., Eichholtz, P., & Kok, N. (2009). Real estate, corporate governance and performance: The Reit Effect. Financial Management, 20(20), 1-29.Bozec, R. (2005). Boards of directors, Market discipline and Firm Performance. Journal of Business Accounting, 32(9&10), 1921-1960.Chan, K.C. & Li, J. (2008), Audit Committee and Firm Value: Evidence on Outside Top Executives as Expert Independent Directors. Corporate Governance: An International Review, 16(1), 16-31.Dar, L. A., Naseem, M. A., Rehman, R. U. & Niazi, G . S. K. (2011). Corporate governance and firm perfo rmance: a case study of Pakistan oil and gas companies listed in Karachi Stock Exchange”, Global Journal of Management and Business Research, 11(8), 1-10Dar, L. A., Naseem, M. A., Rehman, R. U., & Niazi, G. S. (2011). Corporate Governance and Firm Performance a Case Study of Pakistan Oil and Gas Companies Listed in Karachi Stock Exchange. Global Journal of Management and Business Research, 11(8), 1-10.De Oliveira Gondrige, E., Clemente, A., & Espejo, M. M. D. S. B. (2012). Composition of the board and firm value of Brazilian public companies. Brazilian Business Review, 9(3), 71-93.Dey, A. (2008). Corporate governance and agency conflicts. Journal of Accounting Research, 46(5), 1143-1181.Erickson, J., Park, Y., Reising, J., Shin, H. (2005), Board composition and firm value under concentrated ownership: the Canadian evidence. Pacific-Basin Finance Journal, 13(4), 387-410.Gerekan, B. & Pehlivan, A. (2009). Kamu Kurumlarında Denetim Komitelerinin Kompozisyonu ve Çalışma Biçimi Üzerine Bir Araştırma, Afyon Kocatepe Üniversitesi, İ.İ.B.F. Dergisi, 11(1).Ghabayen, M. (2012). Board characteristics and firm performance: Case of Saudi Arabia. International Journal of Accounting and Financial Reporting, 2(2), 168-200. http://dx.doi.org/10.5296/ijafr.v2i2.2145Greene, William H. (2012), Econometric Analysis, Seventh Edition, Prentice Hall.Hamid, A., & Aziz, R. (2012). Impact of the amendments of Malaysian code of corporate governance (2007) on governance of GLCs and performance. World Academy of Science, Engineering and Technology, 6(11), 612-617.Hsu, H. (2007), Boards of directors and audit committees in initial public offerings. DBA Dissertation. Nova Southeastern University.Hsu, W., & Petchsakulwong, P. (2010). The impact of corporate governance on the efficiency performance of the Thai non-life insurance industry. The Geneva Papers on Risk and Insurance Issues and Practice, 35(1).Ilona, D. (2008), Board quality and firm performance. Master Dissertation, University Utara Malaysia.Kajol& Sunday. (2008). Corporate Governance and Firm Performance: The Case of Nigerian Listed Firms. European Journal of Economics, Finance and Administrative Sciences, (1450-2275), 1-13.Kang, S., & Kim, Y. (2011). Does earnings management amplify the association between corporate governance and firm performance ? Evidence from Korea. International Business and Economies Research Journal, 10(2), 53-67.Karamanou, I., Vafeas, N. (2005), The association between corporate boards, audit committees, and management earnings forecasts: An empirical analysis. Journal of Accounting Research, 43, 453-486.Khanchel, I. (2007). Corporate governance: measurement and determinant analysis. Managerial Auditing Journal, 22(8), 740-760.Klein, W. (1998).Firm performance and board committee structure. Journal of Law & Economics, University of Chicago Press, 41(1), 275-303.Kyereboah-Coleman, A. (2007). Corporate governance and firm performance in Africa: a dynamic panel data analysis. Studies in economics and econometrics, (Forthcoming).Working Paper.Kyereboah-Coleman., & Biekpe, N. (2006). The relationship between board size, board composition, CEO duality and firm performance: Experience from Ghana. Journal of Corporate Ownership and Control, 4(2), 114-122.Lehn, K., S. Patro, and M. Zhao. Determinants of the Size and Structure of Corporate Boards: 1935-2000, University of Pittsburgh working paper.Mak, Y.T. &Kusnadi. Y. (2005). Size really matters: further evidence on the negative relationship between board size and firm value. Pacific-Basin Finance Journal, 13, 301-318.Mallin, C. (2007). Corporate governance (2nd ed), Oxford: Oxford University Press.Mohammad AG (2012). Board Characteristics and Firm Performance: Case of Saudi Arabia. Int. J. Account. Fin. Reporting, ISSN 2162- 3082, 2(2).Mohd, A. M. N. (2011). The effect of implementation of Malaysia code of corporate governance (MCCG) 2007 on corporate governance attributes and financial performance. Ph.D DPA Dissertation, University Utara Malaysia.MoIlah, A. S., & Talukdar, M. B. U. (2007). Ownership structure, corporate governance, and firm’s performance in emerging markets: Evidence from Bangladesh. The International Journal of Finance, 19(1), 4315-4333.Nuryanah, S., & Islam, S. M. N. (2011). Corporate governance and performance: Evidence from an emerging market. Malaysian Accounting Review, 10(1), 17-42.Nuryanah, S., & Islam, S. M. N. (2011). Corporate governance and performance: Evidence from an emerging market. Malaysian Accounting Review, 10(1), 17-42.Premuroso, R. F., & Bhattacharya, S. (2007). Is there a relationship between firm performance, corporate governance, and a firm’s decision to form a technology committee? Corporate Governance, 15(6), 1260-1277.Rashidah, A. R., & Fairuzana, H. M. (2006). Board, audit committee, culture and earnings management: Malaysian evidence. Managerial Auditing Journal, 21(7), 783-804.Reddy, K., Locke, S., & Scrimgeour, F. (2010). The efficacy of principle-based corporate governance practices and firm financial performance: An empirical investigation. International Journal of Managerial Finance, 6(3), 190-219.Swamy, V. (2011). Corporate governance and firm performance in unlisted family owned firms. Working papers series, 4(2), 37-52.Tornyeva, K., & Wereko, T. (2012). Corporate governan ce and firm performance: Evidence from the insurance sector of Ghana. European Journal of Business and Management, 4 (13), 95-112.Weir, C., Laing, D., & McKnight, P. J. (2002). Internal and external governance mechanisms: Their impact on the performance of large UK public companies. Journal of Business Finance & Accounting, 29, 579–611.Wild, J. J. (1996).The audit committee and earnings quality.Journal of Accounting, Auditing and Finance, 11, 247-276.Xu, L. C., Zhu, T., & Lin, Y. (2005). Politician control, agency problems and ownership reform: Evidence from China. Economics of Transition, 13(1),Yasser, Q. R., Entebang, H., & Mansor, S. A. (2011). Corporate governance and firm performance in Pakistan: The case of Karachi Stock Exchange (KSE). Journal of Economic and International Finance, 3(8), 482-491.
Yıl 2018,
Cilt: 1 Sayı: 2, 1 - 20, 29.08.2018
Öz
Kaynakça
- AbdurRouf, M. D. (2011). The relationship between corporate governance and value of the firm in developing countries: Evidence from Bangladesh. The International Journal of Applied Economics and Finance, 5, 237-244.Acaravcı, K., Kandır, Y. S., & Zelka, A. (2015). Kurumsal Yönetimin BIST Şirketlerinin Performanslarına Etkisinin Araştırılması. Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(1), 171-183.Al-Matari, Y. A., Al-Swidi, A. K., & Fadzil, F. H. B. (2012). Audit committee effectiveness and performance of Saudi Arabia listed companies. Wulfenia Journal, 19(8), 169-188.Alsaeed, K. (2006). The association between firm-specific characteristics and disclosure: The case of Saudi Arabia. Managerial Auditing Journal, 21(5), 476-496.Anderson, R., Mansi, S., Reeb, D. (2004), Board characteristics, accounting report integrity, and the cost of debt. Journal of Accounting and Economics, 37(3), 315-342.Bauer, R., Eichholtz, P., & Kok, N. (2009). Real estate, corporate governance and performance: The Reit Effect. Financial Management, 20(20), 1-29.Bozec, R. (2005). Boards of directors, Market discipline and Firm Performance. Journal of Business Accounting, 32(9&10), 1921-1960.Chan, K.C. & Li, J. (2008), Audit Committee and Firm Value: Evidence on Outside Top Executives as Expert Independent Directors. Corporate Governance: An International Review, 16(1), 16-31.Dar, L. A., Naseem, M. A., Rehman, R. U. & Niazi, G . S. K. (2011). Corporate governance and firm perfo rmance: a case study of Pakistan oil and gas companies listed in Karachi Stock Exchange”, Global Journal of Management and Business Research, 11(8), 1-10Dar, L. A., Naseem, M. A., Rehman, R. U., & Niazi, G. S. (2011). Corporate Governance and Firm Performance a Case Study of Pakistan Oil and Gas Companies Listed in Karachi Stock Exchange. Global Journal of Management and Business Research, 11(8), 1-10.De Oliveira Gondrige, E., Clemente, A., & Espejo, M. M. D. S. B. (2012). Composition of the board and firm value of Brazilian public companies. Brazilian Business Review, 9(3), 71-93.Dey, A. (2008). Corporate governance and agency conflicts. Journal of Accounting Research, 46(5), 1143-1181.Erickson, J., Park, Y., Reising, J., Shin, H. (2005), Board composition and firm value under concentrated ownership: the Canadian evidence. Pacific-Basin Finance Journal, 13(4), 387-410.Gerekan, B. & Pehlivan, A. (2009). Kamu Kurumlarında Denetim Komitelerinin Kompozisyonu ve Çalışma Biçimi Üzerine Bir Araştırma, Afyon Kocatepe Üniversitesi, İ.İ.B.F. Dergisi, 11(1).Ghabayen, M. (2012). Board characteristics and firm performance: Case of Saudi Arabia. International Journal of Accounting and Financial Reporting, 2(2), 168-200. http://dx.doi.org/10.5296/ijafr.v2i2.2145Greene, William H. (2012), Econometric Analysis, Seventh Edition, Prentice Hall.Hamid, A., & Aziz, R. (2012). Impact of the amendments of Malaysian code of corporate governance (2007) on governance of GLCs and performance. World Academy of Science, Engineering and Technology, 6(11), 612-617.Hsu, H. (2007), Boards of directors and audit committees in initial public offerings. DBA Dissertation. Nova Southeastern University.Hsu, W., & Petchsakulwong, P. (2010). The impact of corporate governance on the efficiency performance of the Thai non-life insurance industry. The Geneva Papers on Risk and Insurance Issues and Practice, 35(1).Ilona, D. (2008), Board quality and firm performance. Master Dissertation, University Utara Malaysia.Kajol& Sunday. (2008). Corporate Governance and Firm Performance: The Case of Nigerian Listed Firms. European Journal of Economics, Finance and Administrative Sciences, (1450-2275), 1-13.Kang, S., & Kim, Y. (2011). Does earnings management amplify the association between corporate governance and firm performance ? Evidence from Korea. International Business and Economies Research Journal, 10(2), 53-67.Karamanou, I., Vafeas, N. (2005), The association between corporate boards, audit committees, and management earnings forecasts: An empirical analysis. Journal of Accounting Research, 43, 453-486.Khanchel, I. (2007). Corporate governance: measurement and determinant analysis. Managerial Auditing Journal, 22(8), 740-760.Klein, W. (1998).Firm performance and board committee structure. Journal of Law & Economics, University of Chicago Press, 41(1), 275-303.Kyereboah-Coleman, A. (2007). Corporate governance and firm performance in Africa: a dynamic panel data analysis. Studies in economics and econometrics, (Forthcoming).Working Paper.Kyereboah-Coleman., & Biekpe, N. (2006). The relationship between board size, board composition, CEO duality and firm performance: Experience from Ghana. Journal of Corporate Ownership and Control, 4(2), 114-122.Lehn, K., S. Patro, and M. Zhao. Determinants of the Size and Structure of Corporate Boards: 1935-2000, University of Pittsburgh working paper.Mak, Y.T. &Kusnadi. Y. (2005). Size really matters: further evidence on the negative relationship between board size and firm value. Pacific-Basin Finance Journal, 13, 301-318.Mallin, C. (2007). Corporate governance (2nd ed), Oxford: Oxford University Press.Mohammad AG (2012). Board Characteristics and Firm Performance: Case of Saudi Arabia. Int. J. Account. Fin. Reporting, ISSN 2162- 3082, 2(2).Mohd, A. M. N. (2011). The effect of implementation of Malaysia code of corporate governance (MCCG) 2007 on corporate governance attributes and financial performance. Ph.D DPA Dissertation, University Utara Malaysia.MoIlah, A. S., & Talukdar, M. B. U. (2007). Ownership structure, corporate governance, and firm’s performance in emerging markets: Evidence from Bangladesh. The International Journal of Finance, 19(1), 4315-4333.Nuryanah, S., & Islam, S. M. N. (2011). Corporate governance and performance: Evidence from an emerging market. Malaysian Accounting Review, 10(1), 17-42.Nuryanah, S., & Islam, S. M. N. (2011). Corporate governance and performance: Evidence from an emerging market. Malaysian Accounting Review, 10(1), 17-42.Premuroso, R. F., & Bhattacharya, S. (2007). Is there a relationship between firm performance, corporate governance, and a firm’s decision to form a technology committee? Corporate Governance, 15(6), 1260-1277.Rashidah, A. R., & Fairuzana, H. M. (2006). Board, audit committee, culture and earnings management: Malaysian evidence. Managerial Auditing Journal, 21(7), 783-804.Reddy, K., Locke, S., & Scrimgeour, F. (2010). The efficacy of principle-based corporate governance practices and firm financial performance: An empirical investigation. International Journal of Managerial Finance, 6(3), 190-219.Swamy, V. (2011). Corporate governance and firm performance in unlisted family owned firms. Working papers series, 4(2), 37-52.Tornyeva, K., & Wereko, T. (2012). Corporate governan ce and firm performance: Evidence from the insurance sector of Ghana. European Journal of Business and Management, 4 (13), 95-112.Weir, C., Laing, D., & McKnight, P. J. (2002). Internal and external governance mechanisms: Their impact on the performance of large UK public companies. Journal of Business Finance & Accounting, 29, 579–611.Wild, J. J. (1996).The audit committee and earnings quality.Journal of Accounting, Auditing and Finance, 11, 247-276.Xu, L. C., Zhu, T., & Lin, Y. (2005). Politician control, agency problems and ownership reform: Evidence from China. Economics of Transition, 13(1),Yasser, Q. R., Entebang, H., & Mansor, S. A. (2011). Corporate governance and firm performance in Pakistan: The case of Karachi Stock Exchange (KSE). Journal of Economic and International Finance, 3(8), 482-491.
Toplam 1 adet kaynakça vardır.
Ayrıntılar
| Birincil Dil | Türkçe |
|---|---|
| Konular | Ekonomi |
| Bölüm | Araştırma Makaleleri |
| Yazarlar | |
| Yayımlanma Tarihi | 29 Ağustos 2018 |
| Yayımlandığı Sayı | Yıl 2018Cilt: 1 Sayı: 2 |
Gönderim-Kabul Süresi (Ortalama): 42,04 gün (6 hafta)
Makale Kabul Oranı: 0,59
Makale İndirme Sayısı (2018-2020): 18.042