KADIN YÖNETİCİ SAYISI İLE TOBIN’S Q ORANI ARASINDAKİ İLİŞKİ: BORSA İSTANBUL ÜZERİNE BİR ANALİZ

Year 2015, Volume: 29 Issue: 3, 493 - 507, 11.08.2015

Duygu Acar Erdur , Duygu Acar Erdur , Esen Kara

Abstract

Bu çalışmanın amacı, cinsiyetin finansal performans üzerindeki
etkisini, Küresel Kriz’in etkisini de içerecek şekilde, 2006-2013 yılları arasında
Borsa İstanbul Ulusal Endeksi’nde kesintisiz olarak işlem gören firmalar
üzerinde panel veri analizi ile incelemektir. Çalışmada finansal performans
ölçütü olarak piyasa temelli bir gösterge olan Tobin q oranı kullanılmıştır.
Çalışmanın bulguları, üst yönetimde yer alan kadın yönetici oranı ve yönetim
kurulu başkanının kadın olması ile Tobin q oranı arasında pozitif ilişkiye işaret
ederken, yönetim kurulundaki kadın yönetici oranı ve CEO/Genel müdürün
kadın olması ile Tobin q oranı arasında negatif ilişki olduğunu göstermektedir

Keywords

Kadın Yönetici, Tobin’s Q Oranı, Finansal Performans, Panel Veri Analizi

RELATIONSHIP BETWEEN NUMBER Of WOMEN EXECUTIVES AND TOBIN’S Q RATIO: AN ANAYLSIS ON BORSA ISTANBUL

Abstract

The purpose of the study is to determine whether gender is effective over the financial performance of companies traded uninterruptedly at the Borsa Istanbul National Index (XULUS) for the period of 2006-2013 inclusive of the effects of the Global Crisis period with panel data analysis. As financial performance measure in the study, Tobin’s q ratio which is a marketbased indicator has been used. Results show that, the ratio of female members in top management and the fact that the head of the executive board is a woman is positively related to Tobin’s q ratio. On the other hand, the ratio of female members in the executive board and the fact that the CEO/the director is a woman is negatively related to Tobin’s q ratio

Keywords

Women Executives, Tobin’s Q Ratio, Financial Performance

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