THE NEXUS BETWEEN BOARDROOM DIVERSITY AND FINANCIAL PERFORMANCE: THE CASE OF TURKISH BANKING SECTOR

Year 2019, Volume: 37 Issue: 3, 565 - 586, 26.09.2019

İbrahim Yağlı

https://doi.org/10.17065/huniibf.450543

Cited By: 5

Abstract

The recent financial crisis has increased interest in investigating the nexus between various corporate governance mechanisms and firm performance. Nevertheless, few studies focus on investigating this nexus for the banking sector. The current study aims to determine the change in the structure of the board of directors in the Turkish banking sector in the period after the global financial crisis (2009-2016) and to determine whether the diversity in boardroom influences the bank performance. For this purpose, average return on assets (ROAA), average return on equity (ROAE) and pre-tax profit/total assets ratios are employed in the measurement of bank performance while size, gender, nationality, level of education and whether or not board members are independent are used in relation to the board structure. Findings revealed a negative and statistically significant nexus between board size and bank performance. Nevertheless, it was found that there is a positive nexus between the proportion of female members and the proportion of members who have postgraduate degree and bank performance. However, the nexus between the proportion of female members and average return on equity and the nexus between the proportion of members who have a postgraduate degree and the pre-tax profit/total assets ratio are statistically significant. On the other hand, there was a negative nexus between bank performance and the proportion of foreign and independent members. However, the nexus between only the proportion of foreign members and return on equity is statistically significant.

Keywords

Corporate governance, Board diversity

YÖNETİM KURULU ÇEŞİTLİLİĞİ -FİNANSAL PERFORMANS İLİŞKİSİ: TÜRK BANKACILIK SEKTÖRÜ ÖRNEĞİ

Abstract

Son finansal kriz, çeşitli kurumsal yönetim mekanizmaları ile firma performansı arasındaki ilişkilerin analizine yönelik ilgiyi artırmıştır. Bununla birlikte, çok az akademik çalışmada bu ilişki bankacılık sektörü için ele alınmıştır. Mevcut çalışma, küresel finans krizi sonrası dönemde (2009-2016), Türk bankalarının yönetim kurulu yapısındaki değişimi ortaya çıkarmayı ve yönetim kurulu çeşitliğinin banka performansı üzerinde etkili olup olmadığını tespit etmeyi amaçlamaktadır. Bu amaç doğrultusunda, banka performansının ölçümünde ortalama aktif karlılık (ROAA), ortalama özkaynak karlılığı (ROAE) ile vergi öncesi kar/toplam aktifler oranları kullanılırken, yönetim kurulu yapısı ile ilgili olarak büyüklük, cinsiyet, uyruk, eğitim seviyesi ile bağımsız olup olmama kriterleri dikkate alınmıştır. Bulgular, yönetim kurulu büyüklüğü ile banka performansı arasında negatif ve istatistiksel olarak anlamlı bir ilişki olduğunu ortaya çıkarmıştır. Bununla birlikte, kadın üyelerin oranı ve lisansüstü eğitim seviyesine sahip üyeler ile banka performansı arasında pozitif ilişki olduğu tespit edilmiştir. Ancak bu ilişkilerden, kadın üyelerin oranı ile özsermaye karlılığı arasındaki ilişki ile lisansüstü eğitim seviyesine sahip üyelerin oranı ile vergi öncesi kar/toplam aktifler oranı arasındaki ilişkiler istatistiksel olarak anlamlıdır. Öte yandan, banka performansı ile yabancı üyelerin oranı ve bağımsız üyelerin oranı arasında negatif bir ilişki tespit edilmiştir. Fakat bu ilişkilerden de sadece kadın üyelerin oranı ile özkaynak karlılığı arasındaki ilişki istatistiksel olarak anlamlıdır. 

Keywords

Kurumsal yönetim, Yönetim kurulu çeşitliliği

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