THE INVESTIGATION OF THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND EXECUTIVE COMPENSATION IN BANKING SECTOR

Year 2022, Volume: 21 Issue: 65, 47 - 64, 21.01.2022

Oğuzhan Bahadır Eylül Yardımcı

Abstract

This study examines the relationship between financial performance and executive compensation in
the Turkish banking sector. The data of 12 banks that are traded in Borsa Istanbul for the period of
2011-2020 are analysed by using panel data analysis to investigate whether accounting-based performance
indicators and market-based performance indicators affect the benefits provided to executives.
The results show that there is a positive relationship between the bank’s return on assets and capital
adequacy and the benefits provided to executives. Return on equity, net interest margin and bank ownership
structure have no significant effect on benefits provided to executives. Furthermore, there is a
negative correlation between the price/earnings ratio and the benefits provided to executives.

BANKACILIK SEKTÖRÜNDE FİNANSAL PERFORMANS İLE ÜST DÜZEY YÖNETİCİLERE SAĞLANAN FAYDALAR ARASINDAKİ İLİŞKİNİN İNCELENMESİNE YÖNELİK BİR ARAŞTIRMA

Abstract

Bu çalışma Türk bankacılık sektöründe finansal performans ile üst düzey yönetici ücretleri arasındaki
ilişkiyi incelemektedir. 2011-2020 dönemine ilişkin hisse senetleri Borsa İstanbul’da işlem gören 12
bankanın verileri panel veri analizi yöntemine tabi tutularak, muhasebe temelli performans göstergeleri
ve piyasa temelli performans göstergelerinin üst düzey yönetici ücretlerini etkileyip etkilemediği
araştırılmıştır. Çalışmanın sonuçlarına göre, banka aktif kârlılığı ve sermaye yeterliliği ile üst yönetime
sağlanan faydalar arasında pozitif yönlü bir ilişki bulunmaktadır. Özkaynak kârlılığı, net faiz
marjı ve banka sahiplik yapısı ile yöneticilere sağlanan faydalar arasında anlamlı bir ilişkisi tespit
edilememiştir. Fiyat/kazanç oranı ile yöneticilere sağlanan faydalar arasında ise negatif yönlü ilişikli
olduğu anlaşılmıştır.

Keywords

Üst düzey yöneticilere sağlanan faydalar, Muhasebe temelli finansal performans göstergeleri, Piyasa temelli finansal performans göstergeleri

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