Predicting Market Sensitivity: The Role of Board Structure in the Beta Coefficient of Software Companies on the NASDAQ Global Select Market

Yıl 2025, Sayı: 123, 14 - 34, 01.04.2025

Ahmet Akusta

Öz

This study examines how board structure influences market sensitivity, measured by Beta, in software companies listed on the NASDAQ Global Select Market. Focusing on governance metrics such as board size, meeting frequency, and executive compensation, the research analyzes their impact on Beta from 2014 to 2023. Machine learning models, including Decision Trees and Bagging Classifiers, evaluate this relationship, using accuracy, precision, recall, and F1 scores. Findings suggest that governance factors significantly affect market sensitivity, offering valuable insights for corporate leaders and investors managing firm risk in volatile sectors like software.

Anahtar Kelimeler

Beta Coefficient, Corporate Governance, Market Sensitivity Prediction, Board Structure

Piyasa Duyarlılığını Tahmin Etmek: NASDAQ Global Select Market'teki Yazılım Şirketlerinin Beta Katsayısında Yönetim Kurulu Yapısının Rolü

Öz

Bu çalışma, NASDAQ Global Select Market'te listelenen yazılım şirketlerinde yönetim kurulu yapısının Beta ile ölçülen piyasa duyarlılığını nasıl etkilediğini incelemektedir. Yönetim kurulu büyüklüğü, toplantı sıklığı ve yönetici ücretleri gibi yönetişim ölçütlerine odaklanan araştırma, bunların 2014-2023 yılları arasında Beta üzerindeki etkisini analiz etmektedir. Karar Ağaçları ve Torbalı Sınıflandırıcılar dahil olmak üzere makine öğrenimi modelleri, doğruluk, kesinlik, geri çağırma ve F1 puanlarını kullanarak bu ilişkiyi değerlendirmektedir. Bulgular, yönetişim faktörlerinin piyasa duyarlılığını önemli ölçüde etkilediğini ve yazılım gibi değişken sektörlerde firma riskini yöneten kurumsal liderler ve yatırımcılar için değerli içgörüler sunduğunu göstermektedir.

Anahtar Kelimeler

: Beta Katsayısı, Kurumsal Yönetim, Piyasa Duyarlılığı Tahmini, Yönetim Kurulu Yapısı

Kaynakça

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