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Int. J. Financial Stud. 2016, 4(2), 8; doi:10.3390/ijfs4020008

Corporate Governance Rating and Ownership Structure in the Case of Turkey

1
Management Department, Faculty of Business Administration, Gediz University, Seyrek 35665, İZMİR, Turkey
2
School of Liberal Arts, SUNY-FIT, 27th Street at 7th Ave, New York, NY 10001, USA
3
Management Department, Faculty of Business Administration, Mustafa Kemal University, Serinyol 31120, HATAY, Turkey
*
Author to whom correspondence should be addressed.
Academic Editor: Hong Bo
Received: 2 April 2015 / Revised: 14 March 2016 / Accepted: 24 March 2016 / Published: 15 April 2016
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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. View Full-Text
Keywords: corporate governance; corporate governance index; Turkish firms corporate governance; corporate governance index; Turkish firms
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Gurarda, S.; Ozsoz, E.; Ates, A. Corporate Governance Rating and Ownership Structure in the Case of Turkey. Int. J. Financial Stud. 2016, 4, 8.

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Int. J. Financial Stud. EISSN 2227-7072 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
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