Kurumsal yönetim derecelendirme notu açıklamalarının hisse senedi getirileri üzerindeki etkisinin incelenmesi

Çalışmanın amacı, beş bankaya ve bir katılım bankasına ait kurumsal yönetim derecelendirme notu açıklamalarının hisse senedi getirileri üzerindeki etkisinin incelenmesidir. Çalışmada olay çalışması yönteminden yararlanılmıştır. Bu çerçevede, 2011 yılında yapılan kurumsal yönetim derecelendirme notu açıklamaları olay günleri olarak belirlenmiş ve buna bağlı olarak olay gününün beş gün öncesi ve beş gün sonrası dikkate alınarak olay penceresi oluşturulmuştur. Analiz sonuçları, kurumsal yönetim derecelendirme notu açıklamalarının hisse senedi getirileri üzerinde önemli bir etkiye sahip olmadığını göstermektedir.

Anahtar Kelimeler:

hisse senedi getirileri, yönetişim, bankalar, bankacılık, ekonomik analizler

Investigating the impact of corporate governance rating announcements on stock returns

Aim of this study is to investigate the impact of corporate governance rating announcements on stock returns of five banks and one participation bank. Event study method is employed in the study. In this manner, corporate governance ratings announcements made in 2011 are determined as event days and event window is constructed by establishing five days before and after the event day. Analysis results suggest that corporate governance rating announcements do not have a significant impact on stock returns.

Keywords:

stock returns, governance, banks, banking, economic analysis,

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