KURUMSAL YÖNETİM ENDEKSİNDE YER ALAN VE YER ALMAYAN FİRMALARIN FİNANSAL ORANLARININ KARŞILAŞTIRILMASI: BIST ÖRNEĞİ
Comparison of Financial Ratios of the Companies Included and Not Included in the Corporate Governance Index: The Study of BIST

Summary/Abstract: The concept of corporate governance was first created by the OECD in 1999. This concept, which is rapidly accepted and spread in the globalizing world, began to gain accepted in 2003 in our country. In 2007, 5 companies were included in the corporate governance index for the first time in our country. In 2018, there were 47 companies listed in the corporate governance index. The purpose of this study is to research whether there are significant differences in financial ratios of companies included in the corporate governance index and companies not included in this index. The data of the companies examined in the scope of the study between 2010 and 2018 were used. The sample of this study consists of companies that are included in the corporate governance index and are not included in this index. The same amount of companies which are not included in the corporate governance index were selected based on firm size and criterias of operating sector. 17 companies operating in the financial sector of 47 companies in the corporate governance index were excluded due to missing data required. As a result of the examinations made in this context, it has been determined that there are significant differences between the companies included in the corporate governance index and the companies not included in terms of financial ratios.

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