文章基本信息

标题：DOES BETTER CORPORATE GOVERNANCE RATING LEAD TO HIGHER MARKET VALUE?: AN EMPIRICAL INVESTIGATION OF BIST XKURY LISTED COMPANIES
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作者：Veysel Kula Ender Baykut
期刊名称：EJOVOC : Electronic Journal of Vocational Colleges
印刷版ISSN：2146-7684
出版年度：2015
出版社：Kirklareli University Luleburgaz Vocational College
摘要：This paper tries to establish a link between effectiveness of corporate governance practices and marketperformance of forty three firms listed, as of the end of 2014, in Borsa Istanbul Corporate Governance Index(BIST XKURY). Drawn on the data set obtained from the annual reports and financial statements of the firms forthe period of 2007-2014. panel data analysis revealed that higher corporate governance ratings result inincreased market values. The results of the study indicate that together with corporate governance ratings,return on equity and earning per share have positive relationships with market value, too. There is, however,significant negative relationship between free float rate and market value
关键词：Borsa Istanbul; Corporate Governance Index; Panel Data Analysis; Market Value; Free Float