The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index

Esin BENHÜR AKTÜRK; Mustafa ÖZYEŞİL

doi:https://doi.org/10.31590/ejosat.571948

Article Details

The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index

Authors:

Esin BENHÜR AKTÜRK | Mustafa ÖZYEŞİL

Publisher:

Osman SAĞDIÇ

Main Topics:

Applied physics

Journal:

European Journal of Science and Technology 2019 Vol. Issue 16, pp.620-630

Document Type:

Article

Publication Date:

8/2019

Document Language:

English

Document ID (Org No.):

2000920005

Frequency:

Quarterly

eISSN:

2148-2683

DOI:

https://doi.org/10.31590/ejosat.571948

Keywords:

Abstract:

 


In this study; The effects of corporate governance quality assessment notes (corporate governance rating ) of firms traded on Borsa Istanbul on the stock prices of firms were investigated with the help of the New Generation Panel Data Analysis methods of 27 firms using the annual data of 2012-2018 period. The presence of cross-sectional dependence among firms included in the analysis; Breusch and Pagan (1980) were tested by LM test, Pesaran (2004) LM test, Pesaran (2004) CD test and Baltagi, Feng and Kao (2012) LMBC test and it was found that there was a horizontal cross-sectional dependence between firms. Stability of series; Pesaran (2007) was examined with CADF panel unit root test and all series were determined as I (0). The coefficients in the models were estimated by using Westerlund (2007) OLSAdj method and when the corporate governance quality of the firms increased by 1 unit, it was determined that the stock prices would increase by TL 1.13.Causality relations between series; Dumitrescu and Hurlin (2012) method was examined and one-way causality relationships were found between firms' corporate governance quality and share prices.

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Article Details

The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index

Authors:

Esin BENHÜR AKTÜRK | Mustafa ÖZYEŞİL

Publisher:

Osman SAĞDIÇ

Main Topics:

Applied physics

Journal:

European Journal of Science and Technology 2019 Vol. Issue 16, pp.620-630

Document Type:

Article

Publication Date:

8/2019

Document Language:

English

Document ID (Org No.):

2000920005

Frequency:

Quarterly

eISSN:

2148-2683

DOI:

https://doi.org/10.31590/ejosat.571948

Corporate Governance Index

Stock Return

Capital Structure

Issues

Article Details

The Effects of the Corporate Governance Quality of Companies on the Price Performance: A New Generation of Panel Data Analysis on the Companies Listed in the Borsa İstanbul Corporate Governance Index

Authors: Esin BENHÜR AKTÜRK | Mustafa ÖZYEŞİL

Publisher: Osman SAĞDIÇ

Main Topics: Applied physics

Journal: European Journal of Science and Technology 2019 Vol. Issue 16, pp.620-630

Document Type: Article

Publication Date: 8/2019

Document Language: English

Document ID (Org No.): 2000920005

Frequency: Quarterly

eISSN: 2148-2683

DOI: https://doi.org/10.31590/ejosat.571948

Corporate Governance Index

Stock Return

Capital Structure

Issues

Authors:

Esin BENHÜR AKTÜRK | Mustafa ÖZYEŞİL

Publisher:

Osman SAĞDIÇ

Main Topics:

Applied physics

Journal:

European Journal of Science and Technology 2019 Vol. Issue 16, pp.620-630

Document Type:

Article

Publication Date:

8/2019

Document Language:

English

Document ID (Org No.):

2000920005

Frequency:

Quarterly

eISSN:

2148-2683

DOI:

https://doi.org/10.31590/ejosat.571948