Abstract
References
- Barnett, J.H. and Karson, M. 1989, “Managers, Values and Executive Decisions: An Exploration of the Role of Gender, Career Stage, Organizational Level Function and Managerial Decision Making”, Journal of Business Ethics, vol.8, issue 10, pp. 747-771.
- Bear, S., Rahman, N. and Post N. 2010, “The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation”, Journal of Business Ethics, vol.97, issue 2, pp.207-221 .
- Eisenberg, T., Sundgren, S. and Wells, M.T. 1998, “Larger Board Size and Decreasing Firm Value in Small Firms”, Journal of Financial Economics, vol.48, pp.35-54.
- Fama, E.F. and Jensen, M.C. 1983, “Separation of Ownership and Control”, Journal of Law and Economics, vol.26, pp.327-349.
- Forbes, D.P. and Milliken, F. 1999, “Cognition and Corporate Governance: Understanding Board of Directors as Strategic Decision-Making Groups”, Academy of Management Review, vol. 3, pp.489-505.
- Golden B.R. and Zajac, E.J. 2001, “When will Boards Influence Strategy? Inclination X Power=Strategic Change”, Strategic Management Journal, vol.22, issue 12, pp.1087-1111.
- Goodstein, J., Gautam, K. and Boeker, W. 1994, “The Effects of Board Size and Diversity on Strategic Change”, Strategic Management Journal, vol.15, issue 3, pp.241-250.
- Guest, P.M.2009, “The Impact of Board Size on Firm Performance: Evidence from the UK”, The European Journal of Finance, vol.15, issue 4.
- Ibrahim, N., Angelidis, J. and Tomic I.M., 2009, “Managers’ Attitudes toward Codes of Ethics: Are There Gender Differences?” Journal of Business Ethics, vol.90 supplement 3, pp.343-353.
- IFAC Professional Accountants in Business Committee, June 2007, “Proposed Good Practice Guidance on Defining and Developing an Effective Code of Conduct”.
- Jaffe, S. and Hyde J.S. (2000), “Gender Differences in Moral Orientation: A Meta-Analysis”, Psychological Bulletin, vol.126, issue 5, pp.703726.
- Jensen, M.C. and Meckling, W.H. 1976, “Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure”, Journal of Financial Economics, vol.3, pp.306-360.
- Jeurissen, R. (Editor) 2007, “Ethics & Business”, 2007 Van Gorcum.
- Judge, W.Q. Zeithaml, C.P. 1992,”Insittutional and Strategic Choice Perspectives on Board Involvement in the Strategic Decision Process”, Academy of Management Journal, vol.35, no.4, pp.766-794.
- Kidwell, J., Stevens R., and Bethke, R., 1987, “Differences in Ethical Perceptions Between Male and Female Managers: Myth or Reality?”, Journal of Business Ethics, vol.6, issue 6, pp.489-493.
- OECD Working Party of Trade Committee 1999, “Code of Corporate Conduct: Inventory”.
- Petra S.T. 2005, “Do Outside Independent Directors Strengthen Corporate Boards?”, Corporate Governance: The International Journal of Business in Society, vol.5, issue 1, pp.55-64.
- Smith, A. and Rogers V., 2000, “Ethics-Related Responses to Specific Situation Vignettes: Evidence of Gender-Based Differences and Occupational Socialization”, Journal of Business Ethics, vol.28, issue 1, pp.73-85.
- Stedham Y., Yamamura J.H. and Beekun R.I. 2007, “Gender Differences in Business Ethics: Justice and Relativist Perspectives”, Business Ethics: A European Review, vol. 16, no. 2, pp.163-174.
- Weissi M.M. and Solomon M.E. 2011, “Auditing IT Infrastructures for Compliance”, John’s and Bartless Learning Books.
- Van den Berghe L.A.A. and Levrau A. 2004, “Evaluating Boards of Directors: What constitutes a Good Corporate Board”, Corporate Governance, vol.12, no. 4, p.462.
- Yermack, D.1996, “Higher Market Valuation of Companies with a Small Board of Directors”, Journal of Financial Economics, vol.40, issue 8, pp.185-211. http://classics.mit.edu/Epictetus/discourses.1.one.html, April 29, 2017.
DO BOARD CHARACTERISTICS HAVE AN IMPACT ON CODE OF CONDUCT HANDBOOK IN A COMPANY: AN EVIDENCE FROM TURKEY
Abstract
Purpose- The purpose
of this study is to determine whether the board members’ characteristics have
an impact on the Code of Conduct Handbook for the companies listed in Borsa
Istanbul X100.
Methodology- This study
is conducted on the information provided by 66 companies listed in Borsa
Istanbul X100 and Logistic Regression Model is used for the analysis.
Findings- Total
number of board members and number of independent members in the board have a
positive impact on the Code of Conduct Handbook in a company.
Conclusion- Only the
total number of board members and number of independent members in the board have
an impact on the Code of Conduct Handbook in a company. Ratio of female
members, ratio of majority of the shares belonging to individuals or
corporations’, ratio of board members who are also shareholder of the company
to total board members have no impact.
References
- Barnett, J.H. and Karson, M. 1989, “Managers, Values and Executive Decisions: An Exploration of the Role of Gender, Career Stage, Organizational Level Function and Managerial Decision Making”, Journal of Business Ethics, vol.8, issue 10, pp. 747-771.
- Bear, S., Rahman, N. and Post N. 2010, “The Impact of Board Diversity and Gender Composition on Corporate Social Responsibility and Firm Reputation”, Journal of Business Ethics, vol.97, issue 2, pp.207-221 .
- Eisenberg, T., Sundgren, S. and Wells, M.T. 1998, “Larger Board Size and Decreasing Firm Value in Small Firms”, Journal of Financial Economics, vol.48, pp.35-54.
- Fama, E.F. and Jensen, M.C. 1983, “Separation of Ownership and Control”, Journal of Law and Economics, vol.26, pp.327-349.
- Forbes, D.P. and Milliken, F. 1999, “Cognition and Corporate Governance: Understanding Board of Directors as Strategic Decision-Making Groups”, Academy of Management Review, vol. 3, pp.489-505.
- Golden B.R. and Zajac, E.J. 2001, “When will Boards Influence Strategy? Inclination X Power=Strategic Change”, Strategic Management Journal, vol.22, issue 12, pp.1087-1111.
- Goodstein, J., Gautam, K. and Boeker, W. 1994, “The Effects of Board Size and Diversity on Strategic Change”, Strategic Management Journal, vol.15, issue 3, pp.241-250.
- Guest, P.M.2009, “The Impact of Board Size on Firm Performance: Evidence from the UK”, The European Journal of Finance, vol.15, issue 4.
- Ibrahim, N., Angelidis, J. and Tomic I.M., 2009, “Managers’ Attitudes toward Codes of Ethics: Are There Gender Differences?” Journal of Business Ethics, vol.90 supplement 3, pp.343-353.
- IFAC Professional Accountants in Business Committee, June 2007, “Proposed Good Practice Guidance on Defining and Developing an Effective Code of Conduct”.
- Jaffe, S. and Hyde J.S. (2000), “Gender Differences in Moral Orientation: A Meta-Analysis”, Psychological Bulletin, vol.126, issue 5, pp.703726.
- Jensen, M.C. and Meckling, W.H. 1976, “Theory of The Firm: Managerial Behavior, Agency Costs and Ownership Structure”, Journal of Financial Economics, vol.3, pp.306-360.
- Jeurissen, R. (Editor) 2007, “Ethics & Business”, 2007 Van Gorcum.
- Judge, W.Q. Zeithaml, C.P. 1992,”Insittutional and Strategic Choice Perspectives on Board Involvement in the Strategic Decision Process”, Academy of Management Journal, vol.35, no.4, pp.766-794.
- Kidwell, J., Stevens R., and Bethke, R., 1987, “Differences in Ethical Perceptions Between Male and Female Managers: Myth or Reality?”, Journal of Business Ethics, vol.6, issue 6, pp.489-493.
- OECD Working Party of Trade Committee 1999, “Code of Corporate Conduct: Inventory”.
- Petra S.T. 2005, “Do Outside Independent Directors Strengthen Corporate Boards?”, Corporate Governance: The International Journal of Business in Society, vol.5, issue 1, pp.55-64.
- Smith, A. and Rogers V., 2000, “Ethics-Related Responses to Specific Situation Vignettes: Evidence of Gender-Based Differences and Occupational Socialization”, Journal of Business Ethics, vol.28, issue 1, pp.73-85.
- Stedham Y., Yamamura J.H. and Beekun R.I. 2007, “Gender Differences in Business Ethics: Justice and Relativist Perspectives”, Business Ethics: A European Review, vol. 16, no. 2, pp.163-174.
- Weissi M.M. and Solomon M.E. 2011, “Auditing IT Infrastructures for Compliance”, John’s and Bartless Learning Books.
- Van den Berghe L.A.A. and Levrau A. 2004, “Evaluating Boards of Directors: What constitutes a Good Corporate Board”, Corporate Governance, vol.12, no. 4, p.462.
- Yermack, D.1996, “Higher Market Valuation of Companies with a Small Board of Directors”, Journal of Financial Economics, vol.40, issue 8, pp.185-211. http://classics.mit.edu/Epictetus/discourses.1.one.html, April 29, 2017.
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | June 30, 2017 |
| Published in Issue | Year 2017 Volume: 6 Issue: 2 |
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