Corporate Governance Approach Of Istanbul Stock Exchange Companies

Year 2004, Issue: 35, 145 - 167, 01.05.2004

Arcan Tuzcu

https://doi.org/10.1501/Intrel_0000000092

Abstract

Corporate Governance Approach Of Istanbul Stock Exchange Companies

Abstract

This research attempts to analyse how the fırms that are quoted in the istanbul Stock Exchange reacts to the demands and expectations of their stakeholders. Follovving our literatüre survey we have identified the company strategies aimed at two different types of stakeholders: internal stakeholders vvorkers, management and shareholders and external stakeholders customers, suppliers, trade unions, local council, competitors, public institutions, investors, media and civil society organisations . The analysis of these strategies vvill in return help us to determine vvhether the Turkish corporate governance model is more in tune vvith the Anglo-Saxon or Continental European forms of corporate governance model. This research also aims at analysing the relationships betvveen the corporate governance practices of the İSE firms and the follovving variables: sectoral activities, quotation duration, market capitalisation and public ovvnership ratios.

Keywords

Governance, Corporate Governance, Shareholder Modeİ, Stakeholder Model, Anglo-Saxon System, Continental European System.