BibTex RIS Cite
Year 2015, Volume: 4 Issue: 2, 0 - 0, 29.06.2015

Abstract

References

  • • Agrawal, A. and Chadha, S. (2005), Corporate Governance and Accounting Scandals, Journal of Law and Economics, Vol.48, No.2, pp.371-406.
  • • Ahern, K. R. (2009), Sample Selection and Event Study Estimation, Journal of Empirical Finance, Vol.16, pp.466-482.
  • • Albring, S., Robinson, D. and Robinson, M. (2014), Audit Committee Financial Expertise, Corporate Governance and the Voluntary Switch from Auditor- provided to Non-auditor-provided Tax Services, Advances in Accounting, Vol.30, No.1, pp.81-94.

COMMITTEES OF BOARDS: AN EVENT STUDY ON AN EMERGING MARKET

Year 2015, Volume: 4 Issue: 2, 0 - 0, 29.06.2015

Abstract

This study investigates the market reaction surrounding the establishments of committees of boards, and director appointments to these committees based on the underlying reason for the appointments in public firms quoted at the Borsa Istanbul. In addition, it investigates how the market reaction changes based on the professional expertise of these directors. The findings suggest that investors in Turkish capital markets do not value the existence of various committees of boards highly. In addition, they do not appear to react differently to director appointments to these committees based on the underlying reasons for the appointments. Lastly, they do not seem to value the professional expertise of directors serving on these committees, except in the case of audit committees. Investor reaction surrounding the appointments of expert directors to audit committees is significantly higher compared to the appointments of non-expert directors to audit committees.

References

  • • Agrawal, A. and Chadha, S. (2005), Corporate Governance and Accounting Scandals, Journal of Law and Economics, Vol.48, No.2, pp.371-406.
  • • Ahern, K. R. (2009), Sample Selection and Event Study Estimation, Journal of Empirical Finance, Vol.16, pp.466-482.
  • • Albring, S., Robinson, D. and Robinson, M. (2014), Audit Committee Financial Expertise, Corporate Governance and the Voluntary Switch from Auditor- provided to Non-auditor-provided Tax Services, Advances in Accounting, Vol.30, No.1, pp.81-94.
There are 3 citations in total.

Details

Journal Section Articles
Authors

Emrah Arioglu This is me

Koray Tuan This is me

Publication Date June 29, 2015
Published in Issue Year 2015 Volume: 4 Issue: 2

Cite

APA Arioglu, E., & Tuan, K. (2015). COMMITTEES OF BOARDS: AN EVENT STUDY ON AN EMERGING MARKET. Journal of Business Economics and Finance, 4(2). https://doi.org/10.17261/Pressacademia.2015211615

Journal of Business, Economics and Finance (JBEF) is a scientific, academic, double blind peer-reviewed, quarterly and open-access journal. The publication language is English. The journal publishes four issues a year. The issuing months are March, June, September and December. The journal aims to provide a research source for all practitioners, policy makers and researchers working in the areas of business, economics and finance. The Editor of JBEF invites all manuscripts that that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JBEF charges no submission or publication fee.



Ethics Policy - JBEF applies the standards of Committee on Publication Ethics (COPE). JBEF is committed to the academic community ensuring ethics and quality of manuscripts in publications. Plagiarism is strictly forbidden and the manuscripts found to be plagiarized will not be accepted or if published will be removed from the publication. Authors must certify that their manuscripts are their original work. Plagiarism, duplicate, data fabrication and redundant publications are forbidden. The manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).


Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.