Evaluation of Corporate Governance Maturity Level Performance through Multicriteria Decision Making Methods

Abstract

The performance success of corporate governance standards and policies in Borsa İstanbul is demonstrated by the scalability of the corporate governance maturity level. The specific features of the markets and industries on which corporate governance principles and standards are implementation are cited as key factors affecting the success of corporate governance. Thus, measuring the effect of most different risk variables on corporate governance is a multi-criteria decision problem. In this study, the Corporate Governance Maturity Level data for the periods 2018-2022, which are publicly disclosed by the Merkezi Kayıt Kuruluşu, are used and the performance of the Corporate Governance Maturity Level of the company groups are analysed through Multicriteria Decision Making Methods. The CRITIC method was used to weigh the criteria, while the WASPAS, MARCOS, and COCOSO methods were used in their alternate rankings. Relationships between the ranking results of methods are determined using the Spearman correlation method. The correlation level between WASPAS and MARCOS method ranking results has been found to be high. The ranking results obtained through the WASPAS, MARCOS, and COCOSO methods have been found to differentiate between overall success scores and rankings calculated by the Merkezi Kayıt Kuruluşu.

Keywords

• Maturity Level of Corporate Governance
• Marcos Method
• Cocoso Method
• Waspas Method

Kurumsal Yönetim Olgunluk Düzeyi Performansının Çok Kriterli Karar Verme Yöntemleriyle Değerlendirilmesi

Abstract

Borsa İstanbul’da kurumsal yönetim standart ve ilkelerinin şirketler bazında performans başarısı, Kurumsal Yönetim Olgunluk Düzeyi’nin ölçülebilirliğiyle ortaya konulmaktadır. Kurumsal yönetim ilke ve standartlarının uygulamaya konu olduğu piyasa ve sektörlerin spesifik özellikleri, kurumsal yönetimin başarısını etkileyen temel faktörler arasında sayılabilir. Dolayısıyla n farklı risk değişkeninin kurumsal yönetim üzerindeki etkisini ölçümlemek, çok kriterli bir karar problemidir. Bu çalışmada, Merkezi Kayıt Kuruluşu tarafından kamuoyuyla paylaşılan 2018-2022 dönemlerine ait Kurumsal Yönetim Olgunluk Düzeyi verileri kullanılmış olup, Çok Kriterli Karar Verme Yöntemleri (ÇKKV) ile şirket gruplarının Kurumsal Yönetim Olgunluk Düzeyi performansları analiz edilmiştir. Kriterlerin ağırlıklandırılmasında CRITIC yöntemi, alternatif sıralamalarında ise WASPAS, MARCOS ve COCOSO yöntemleri kullanılmıştır. Yöntemlerin sıralama sonuçları arasındaki ilişkiler, Spearman korelasyon yöntemi kullanılarak belirlenmiştir. WASPAS ve MARCOS yöntem sıralama sonuçları arasındaki korelasyon düzeyinin yüksek olduğu tespit edilmiştir. WASPAS, MARCOS ve COCOSO yöntemleriyle elde edilen sıralama sonuçlarının, genel olarak Merkezi Kayıt Kuruluşu tarafından hesaplanan genel başarı puan ve sıralamaları ile farklılaştığı görülmüştür.

Keywords

• Kurumsal Yönetim Olgunluk Düzeyi
• Marcos Yöntemi
• Cocoso Yöntemi
• Waspas Yöntemi

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