THE EFFECT OF FEMALE MEMBERS ON FIRM BOARDS ON THE COMPANY RISK: A CASE OF BIST

Öz

The aim of this study is to investigate the relationship between the presence of female board members and firm risk with a sample of non-financial companies quoted on the Borsa Istanbul between the years 2012 and 2016. Firm beta and financial leverage ratios are employed as risk proxies, and pooled regression and fixed effects models are utilized to test the hypoteses. The results of the current study suggest that there is no statistically significant relationship between the presence of female board board members and firm risk.

Anahtar Kelimeler

• Corporate Governance,Female Board Members,Firm Risk

ŞİRKET YÖNETİM KURULLARINDAKİ KADIN ÜYELERİN FİRMA RİSKİNE ETKİSİ: BİST ÖRNEĞİ

Öz

Bu çalışmanın amacı; Borsa İstanbul’da payları işlem gören firmaların yönetim kurullarında görev yapan kadın üyelerin firma riskine olan etkisini incelemektir. Bu bağlamda; çalışma kapsamında, 2012-2016 dönemleri arasında Borsa İstanbul’da payları işlem gören finansal olmayan şirketler, sistematik risk ölçütü beta ve finansal kaldıraç oranı ile analiz edilmiştir. İncelenen şirketlere ait verileri test edebilmek amacıyla da, havuzlanmış regresyon ve sabit etkiler modelleri kullanılmıştır. Yapılan araştırma ve testler sonucunda, yönetim kurullarında bulunan kadın üyelerin firma riskine etkisinin olmadığı saptanmıştır.

Anahtar Kelimeler

• Kurumsal Yönetim,Kadın Yönetim Kurulu Üyeleri,Firma Riski

Kaynakça

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