YÖNETİM KURULU YAPISININ İŞLETME PERFORMANSINA ETKİSİ: TÜRKİYE'DE BİR UYGULAMA

Bu çalışmanın temel amacı, yönetim kurulu yapısının işletme performansına olan etkisini incelemektir. Bu amaçla, Borsa İstanbul 100 (BİST 100)de işlem gören firmaların 2008 - 2012 yıllarına ait verileri derlenmiş ve panel veri analizi yöntemi kullanılarak analiz edilmiştir. Çalışmanın sonuçlarına göre, yönetim kurulu üye sayısı ile işletme performansı arasında pozitif bir ilişki vardır; yönetim kurulunda yer alan bağımsız üyeler işletme performansını negatif olarak etkilemektedir; diğer yönetim kurulu yapısı özelliklerinin işletme performansına anlamlı bir etkisi yoktur. İşletme büyüklüğü ve borçluluk oranı kontrol değişkenleri olarak analizde yer almıştır. İşletme büyüklüğünün işletme performansını pozitif bir şekilde etkilediği belirlenmiştir. Ayrıca, borçluluk oranının işletme performansı üzerinde negatif bir etkisi vardır. Bu araştırma, alandaki yazına önemli katkılar sunacaktır.

THE EFFECT OF BOARD STRUCTURE ON THE FİRM PERFORMANCE: AN EVİDENCE FROM TURKEY

The main purpose of this study is to analyze the effect of the board structure on the firm performance. For this purpose, the data of the firms on the Borsa Istanbul 100 (BİST 100) have been gathered for the years 2008 - 2012 and have been analyzed by employing panel data analysis. According to results of the study, there is a positive relationship between the board size and firm performance; independent members on the board affect the firm performance negatively; other characteristics of board structure have not significant impact on the firm performance. Firm size and leverage are included as control variables in the analysis. It is determined that firm size affects the firm performance positively. Further, leverage has a negative effect on the firm performance. This research will present significant contributions to the literature on the field.

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