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Corporate Governance Rating and Ownership Structure in the Case of Turkey

Author

Listed:
  • Sevin Gurarda

    (Management Department, Faculty of Business Administration, Gediz University, Seyrek 35665, İZMİR, Turkey)

  • Emre Ozsoz

    (School of Liberal Arts, SUNY-FIT, 27th Street at 7th Ave, New York, NY 10001, USA)

  • Abidin Ates

    (Management Department, Faculty of Business Administration, Mustafa Kemal University, Serinyol 31120, HATAY, Turkey)

Abstract

By using corporate governance data on 22 publicly traded Turkish companies we estimate the determinants of corporate governance ratings for these companies with a focus on ownership structure. Our results show that company earnings, financial risk and firm size positively influence the corporate governance ratings (CGR) that Turkish firms receive. In the meantime, we find some weak evidence that family ownership has a negative and foreign ownership has a positive impact on CGR scores.

Suggested Citation

  • Sevin Gurarda & Emre Ozsoz & Abidin Ates, 2016. "Corporate Governance Rating and Ownership Structure in the Case of Turkey," IJFS, MDPI, vol. 4(2), pages 1-16, April.
    • Handle: RePEc:gam:jijfss:v:4:y:2016:i:2:p:8-:d:68311
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