TY  - JOUR
TT  - THE IMPACT OF BOARD COMPOSITION ON CAPITAL STRUCTURE: EVIDENCE FROM BORSA ISTANBUL (BIST)
AU  - Aktaş, Zekiye
AU  - Alı, Semira Hassen
AU  - Faedfar, Sara
PY  - 2021
DA  - April
JF  - Avrasya Sosyal ve Ekonomi Araştırmaları Dergisi
JO  - ASEAD
PB  - İrfan TÜRKOĞLU
WT  - DergiPark
SN  - 2148-9963
SP  - 412
EP  - 439
VL  - 8
IS  - 2
LA  - en
KW  - Leverage
KW  - Corporate Governance
KW  - Board Composition
N2  - This study aims to examine the effect of board composition on firms' leverage and to evaluate the findings in light corporate governance theories and capital structure theories. It is used panel data analysis based on annual data of firms currently listed in BIST Corporate Governance Index over the period 2012 to 2018.The findings of the study reveal that board size, foreign directors and firm size have statistically significant and positive effects on leverage. On the other hand, female directors, independent directors, Chief Executive Officer (CEO) duality and Return on Asset (ROA) have a negative effect on leverage. However, among these factors, only ROA has a statistically significant effect.
CR  - Terjesen, S., Sealy, R., & Singh, V. (2009). Women directors on corporate boards: A review and research agenda. Corporate Governance: An International Review, 17(3), 320-337.
CR  - Topaloğlu, E. E., & İlhan, E. G. E. (2017). CEO ikiliği (duality) ve yönetim kurulu büyüklüğünün sermaye yapısı kararlarına etkisi. Akademik Bakış Uluslararası Hakemli Sosyal Bilimler Dergisi, (60), 291-299.
UR  - https://dergipark.org.tr/tr/pub/asead/issue//899691
L1  - https://dergipark.org.tr/tr/download/article-file/1648816
ER  -