Yıl 2019, Cilt , Sayı 16, Sayfalar 620 - 630 2019-08-31

The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index

Esin Benhür Aktürk [1] , Mustafa Özyeşil [2]


In this study; The effects of corporate governance quality assessment notes (corporate governance rating ratings) of firms traded on Borsa Istanbul on the stock prices of firms were investigated with the help of the New Generation Panel Data Analysis methods of 27 firms using the annual data of 2012-2018 period. The presence of cross-sectional dependence among firms included in the analysis; Breusch and Pagan (1980) were tested by LM test, Pesaran (2004) LM test, Pesaran (2004) CD test and Baltagi, Feng and Kao (2012) LMBC test and it was found that there was a horizontal cross-sectional dependence between firms. Stability of series; Pesaran (2007) was examined with CADF panel unit root test and all series were determined as I (0). The coefficients in the models were estimated by using Westerlund (2007) OLSAdj method and when the corporate governance quality of the firms increased by 1 unit, it was determined that the stock prices would increase by TL 1.13.

Causality relations between series; Dumitrescu and Hurlin (2012) method was examined and one-way causality relationships were found between firms' corporate governance quality and share prices.

Corporate Governance Index, Stock Return, Capital Structure
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Birincil Dil en
Konular Mühendislik
Bölüm Makaleler
Yazarlar

Orcid: 0000-0001-5756-1042
Yazar: Esin Benhür Aktürk (Sorumlu Yazar)
Ülke: Turkey


Yazar: Mustafa Özyeşil

Tarihler

Yayımlanma Tarihi : 31 Ağustos 2019

Bibtex @araştırma makalesi { ejosat571948, journal = {Avrupa Bilim ve Teknoloji Dergisi}, issn = {}, eissn = {2148-2683}, address = {}, publisher = {Osman SAĞDIÇ}, year = {2019}, volume = {}, pages = {620 - 630}, doi = {10.31590/ejosat.571948}, title = {The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index}, key = {cite}, author = {Benhür Aktürk, Esin and Özyeşil, Mustafa} }
APA Benhür Aktürk, E , Özyeşil, M . (2019). The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index. Avrupa Bilim ve Teknoloji Dergisi , (16) , 620-630 . DOI: 10.31590/ejosat.571948
MLA Benhür Aktürk, E , Özyeşil, M . "The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index". Avrupa Bilim ve Teknoloji Dergisi (2019 ): 620-630 <https://dergipark.org.tr/tr/pub/ejosat/issue/45333/571948>
Chicago Benhür Aktürk, E , Özyeşil, M . "The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index". Avrupa Bilim ve Teknoloji Dergisi (2019 ): 620-630
RIS TY - JOUR T1 - The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index AU - Esin Benhür Aktürk , Mustafa Özyeşil Y1 - 2019 PY - 2019 N1 - doi: 10.31590/ejosat.571948 DO - 10.31590/ejosat.571948 T2 - Avrupa Bilim ve Teknoloji Dergisi JF - Journal JO - JOR SP - 620 EP - 630 VL - IS - 16 SN - -2148-2683 M3 - doi: 10.31590/ejosat.571948 UR - https://doi.org/10.31590/ejosat.571948 Y2 - 2019 ER -
EndNote %0 Avrupa Bilim ve Teknoloji Dergisi The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index %A Esin Benhür Aktürk , Mustafa Özyeşil %T The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index %D 2019 %J Avrupa Bilim ve Teknoloji Dergisi %P -2148-2683 %V %N 16 %R doi: 10.31590/ejosat.571948 %U 10.31590/ejosat.571948
ISNAD Benhür Aktürk, Esin , Özyeşil, Mustafa . "The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index". Avrupa Bilim ve Teknoloji Dergisi / 16 (Ağustos 2019): 620-630 . https://doi.org/10.31590/ejosat.571948
AMA Benhür Aktürk E , Özyeşil M . The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index. Avrupa Bilim ve Teknoloji Dergisi. 2019; (16): 620-630.
Vancouver Benhür Aktürk E , Özyeşil M . The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index. Avrupa Bilim ve Teknoloji Dergisi. 2019; (16): 630-620.