Yönetim Kurulu Üye Yapısının Şirket Performansıyla İlişkisi: BİST 100’e İlişkin Ampirik Kanıtı

Year 2024, Volume: 79 Issue: 2, 305 - 323, 04.06.2024

Elif Savaşkan

https://doi.org/10.33630/ausbf.1145157

Abstract

Rekabetçi küreselleşen bir dünyada şirketlerin maddi ve maddi olmayan kaynaklarını kullanmak için politikalarını esnek ve verimli bir şekilde ayarlamaları gerekmektedir. İyi bir kurumsal yönetim, şirketlerin uzun vadeli büyümesinin temelini oluşturmaktadır. Şirketlerin kurumsal yönetim anlayışını benimsemesi kar maksimizasyonunun artması demektir. Günümüzde yoğun rekabet ortamında şirketlerin uzun vadede faaliyetlerinin sürdürülebilirliği yönetim kurulu üyelerinin esas görevidir. Yapılan bu çalışma, BİST 100 endeksinde olan şirketlerin yönetim kurulu ve bağımsız yönetim kurulu üye sayısını şirket performansı açısından değerlendirmesini amaçlamaktadır. Çalışmanın modelinde finansal performans ölçütleri olan karlılık oranlarından faydalanılmıştır. Çalışmanın metodolojisi, BİST 100 endeksindeki şirketlerin 2010-2021 yıllarına ait verileri Pearson korelasyon ve regresyon analizi ile gerçekleştirilmiştir. Çalışmanın sonuçlarına göre, yönetim kurulu üye yapısının şirket performansına yönelik ilişkisinde aktif karlılık oranı (ROA) ile negatif yönlü ve anlamlı bir ilişkisi; özsermaye karlılığı (ROE) ile ise herhangi bir anlamlı ilişki olmadığı sonucuna ulaşılırken, yönetim kurulu üye yapısının şirket performansına yönelik etkisinde aktif karlılık oranı (ROA) üzerinde negatif yönlü ve anlamlı bir etkisi olduğu; özsermaye karlılığı (ROE) üzerinde ise bir etkisi olmadığı sonucuna varılmıştır.

Keywords

BİST 100, Kurumsal yönetim, Karlılık oranları, Yönetim kurulu üye sayısı, Bağımsız yönetim kurulu üye sayısı

THE RELATIONSHIP OF BOARD MEMBER STRUCTURE AND COMPANY PERFORMANCE: EMPIRICAL EVIDENCE ON BIST 100

Abstract

In today's intense competitive environment, the main goal for the members of the board of directors is the sustainability of the long-term activities of the companies, their success and maximizing the company's value. Adoption of corporate governance approach by companies means that they can reach a higher company performance and welfare level. This study aims to evaluate the size of the board of directors and the number of independent board members of companies in the BIST 100 index in terms of company performance. In the model of the study, profitability ratios, which are financial performance criteria, which are expressed as dependent variables, were used. Pearson correlation and regression analysis was performed with the data of the companies in the BIST 100 index for the years 2010-2021. According to the results of the study, there is a negative and significant relationship between the return on assets ratio (ROA) in the relationship between the structure of the board of directors and the performance of the company; While it was concluded that there was no significant relationship with return on equity (ROE), the effect of board member structure on company performance had a negative and significant effect on return on assets (ROA); It was concluded that there was no effect on return on equity (ROE).

Keywords

BIST 100, Corporate Governance, Profitability Rates, Number of Board Members, Independent Board Members

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