Araştırma Makalesi
BibTex RIS Kaynak Göster

The Role of Financial Literacy on Business Processes of Corporate Administrative Boards in the Turkish Corporate Governance Context

Yıl 2015, Cilt: 15 Sayı: 3, 1 - 7, 01.09.2015
https://doi.org/10.18037/ausbd.25871

Öz

One of the most important parameters of contributing to corporate governance process within companies is to have an efficient board of directors. The board of directors is crucial in terms of managing as well as controlling companies’ operations. Enforcing the financial statements and budgets of companies and making important financial decisions based on this information are the board of directors’ strategic financial decisions. The consequences of employing much more financial literate board members within the top management is enhancing the quality of the strategic planning and overviewing of the term performances of companies in a much more accurate way. Therefore with more financial literate board of directors’ composition, good corporate governance implementations will be in place, with other words companies will be effectively managed by the help of corporate governance perspectives. Better management of companies is of the most importance in terms of the macro economic situation of the country as well.

Kaynakça

  • Bebchuk L., Cohen, A., Ferrell, A. (2009). What Mat- ters in Corporate Governance?. The Review of Fi- nancial Studies, 22 (2), 2009, 783-827.
  • Bebchuk, L., Cohen, A., Wang, C.C.Y. (2011). Lear- ning and the disappearing association between governance and returns. Journal of Financial Eco- nomics, forthcoming.
  • Bhagat, S., Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finan- ce, 14, 257-273.
  • Black, B. S., Jang, H., Kim, W. (2006). Does Corporate Governance Predict Firms’ Market Values? Evi- dence from Korea. Journal of Law, Economics & Organization, 22 (2), 366-413.
  • Bruno, V., Claessens, S. (2010). Corporate governance and regulation: Can there be too much of a good thing?. Journal of Financial Intermediation, 19, 461-482.
  • Claessens, S., Djankov, S., Fan, J. P. H., Lang, L.H.P. (2002). Disentangling the incentive and entrenc- hment effects of large shareholdings. Journal of Fi- nance, 57 (6), 2741-2771.
  • Ertuna, B., Tukel, A. (2007). Board Composition and Control Mechanism in ISE50: Form Outscores Substance. Unpublished Paper.
  • Gompers, P., Ishii, J., Metrick, A. (2003). Corporate Governance and Equity Prices;Quarterly. Journal of Economics 118(1), 107-155.
  • Hermalin, B. (2008). Firm Value and Corporate Go- vernance: How the Former Determines the Latter. Draft.
  • Klein, A. (1998). Firm Performance and Board Com- mittee Structure. Journal of Law and Economics, 41(1): 275–303.
  • La Porta, R., Lopez-De-Silanes, F., Shleifer, A., Vishny, R. (2002). Investor Protection and Corporate Valu- ation. Journal of Finance, 57 (2), 1147-1170.
  • Love, I. (2010). Corporate governance and performan- ce around the world: What we know and what we don’t. The World Bank Research Observer, 26, 42-70.
  • Li, D., Moshirian, F., Pham, P. K., Zein, J. (2006). When financial institutions are large shareholders: the role of macro corporate governance environments. Journal of Finance, 61 (6), 2975-3007.
  • Perry, T., Shivdasani A. (2005). Do Boards Affect Per- formance? Evidence from Corporate Restructu- ring. Journal of Business, 78(4): 1403–31.
  • Shleifer, A., Vishny, R. (1997). A Survey of Corporate Governance. Journal of Finance, 52 (2), 737-783
  • Thomsen, S., Pedersen, T., Kvist, H. K. (2006). Block- holder ownership: Effects on firm value in market and control based governance systems. Journal of Corporate Finance, 12, 246– 269.
  • Yermack, D. (1996). Higher Market Valuation of Com- panies with a Small Board of Directors. Journal of Financial Economics, 40(2): 185–211.
  • Yamak, S., Ertuna, B. (2012). Corporate Governance and Initial Public Offerings in Turkey

Türk Kurumsal Yönetim Yapısı Düzleminde Finansal Okuryazarlığın Şirket Yönetim Kurulları İş Süreçlerindeki Rolü

Yıl 2015, Cilt: 15 Sayı: 3, 1 - 7, 01.09.2015
https://doi.org/10.18037/ausbd.25871

Öz

Kurumsal yönetim sürecine en önemli katkı sağlayacak parametrelerinden birisi kurumsal yönetimi özümsemiş bir şirket yönetim kurulunun mevcudiyetiyetidir. Şirketlerin yönetim kurulları şirket genel yönetim ve kontrolünde önemli bir rol üstlenmişlerdir. Yönetim kurullarının görevlerine şirketlerin finansal stratejik kararları açısından bakıldığında ise şirketlerin yönetim kurullarının en temel haliyle şirket mali tablolarının ve bütçesinin kontrol edilmesi ve şirket açısından önem arz edecek finansal kararların alınması görevleri ile karşılaşılmaktadır. Bu noktada finansal okuryazar yönetim kurulu üyelerinin şirket yönetim kurullarında daha fazla yer almasının doğal sonucu bu türden yönetim kurulu üyelerinin şirketlerin stratejik planlamalarına ve dönem performanslarının denetlenmesine katkılarının artması olacaktır. Bu çerçevede, şirketlerimizin kurumsal yönetim uygulamaları da daha ileri bir seviyeye taşınacak, diğer bir deyişle şirketlerimiz gerek finansal açıdan gerekse de kurumsal yönetim anlayışı açısından daha etkin idare edileceklerdir. Şirketlerimizin daha iyi yönetilmesi ise ülkemiz ekonomisi açısından büyük öneme haizdir.

Kaynakça

  • Bebchuk L., Cohen, A., Ferrell, A. (2009). What Mat- ters in Corporate Governance?. The Review of Fi- nancial Studies, 22 (2), 2009, 783-827.
  • Bebchuk, L., Cohen, A., Wang, C.C.Y. (2011). Lear- ning and the disappearing association between governance and returns. Journal of Financial Eco- nomics, forthcoming.
  • Bhagat, S., Bolton, B. (2008). Corporate governance and firm performance. Journal of Corporate Finan- ce, 14, 257-273.
  • Black, B. S., Jang, H., Kim, W. (2006). Does Corporate Governance Predict Firms’ Market Values? Evi- dence from Korea. Journal of Law, Economics & Organization, 22 (2), 366-413.
  • Bruno, V., Claessens, S. (2010). Corporate governance and regulation: Can there be too much of a good thing?. Journal of Financial Intermediation, 19, 461-482.
  • Claessens, S., Djankov, S., Fan, J. P. H., Lang, L.H.P. (2002). Disentangling the incentive and entrenc- hment effects of large shareholdings. Journal of Fi- nance, 57 (6), 2741-2771.
  • Ertuna, B., Tukel, A. (2007). Board Composition and Control Mechanism in ISE50: Form Outscores Substance. Unpublished Paper.
  • Gompers, P., Ishii, J., Metrick, A. (2003). Corporate Governance and Equity Prices;Quarterly. Journal of Economics 118(1), 107-155.
  • Hermalin, B. (2008). Firm Value and Corporate Go- vernance: How the Former Determines the Latter. Draft.
  • Klein, A. (1998). Firm Performance and Board Com- mittee Structure. Journal of Law and Economics, 41(1): 275–303.
  • La Porta, R., Lopez-De-Silanes, F., Shleifer, A., Vishny, R. (2002). Investor Protection and Corporate Valu- ation. Journal of Finance, 57 (2), 1147-1170.
  • Love, I. (2010). Corporate governance and performan- ce around the world: What we know and what we don’t. The World Bank Research Observer, 26, 42-70.
  • Li, D., Moshirian, F., Pham, P. K., Zein, J. (2006). When financial institutions are large shareholders: the role of macro corporate governance environments. Journal of Finance, 61 (6), 2975-3007.
  • Perry, T., Shivdasani A. (2005). Do Boards Affect Per- formance? Evidence from Corporate Restructu- ring. Journal of Business, 78(4): 1403–31.
  • Shleifer, A., Vishny, R. (1997). A Survey of Corporate Governance. Journal of Finance, 52 (2), 737-783
  • Thomsen, S., Pedersen, T., Kvist, H. K. (2006). Block- holder ownership: Effects on firm value in market and control based governance systems. Journal of Corporate Finance, 12, 246– 269.
  • Yermack, D. (1996). Higher Market Valuation of Com- panies with a Small Board of Directors. Journal of Financial Economics, 40(2): 185–211.
  • Yamak, S., Ertuna, B. (2012). Corporate Governance and Initial Public Offerings in Turkey
Toplam 18 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Makaleler
Yazarlar

Serkan Karabacak Bu kişi benim

Yayımlanma Tarihi 1 Eylül 2015
Gönderilme Tarihi 13 Ocak 2016
Yayımlandığı Sayı Yıl 2015 Cilt: 15 Sayı: 3

Kaynak Göster

APA Karabacak, S. (2015). Türk Kurumsal Yönetim Yapısı Düzleminde Finansal Okuryazarlığın Şirket Yönetim Kurulları İş Süreçlerindeki Rolü. Anadolu Üniversitesi Sosyal Bilimler Dergisi, 15(3), 1-7. https://doi.org/10.18037/ausbd.25871