Akademik Veri Yönetim Sistemi
Eurasian Journal of Economics and Finance,, cilt.4, sa.1, ss.56-72, 2016 (Hakemli Dergi)
There has been increasing attention all over the world on corporate governance issues after
experiencing some financial crises and corporation scandals. It is assumed that the investors
search for emerging economies to diversify their investment portfolios and maximize their
returns is considering corporate governance applications. Investors are also concerned about
governance factors to minimize their risks. In this study, we examine the impact of corporate
governance variables on firms‟ financial performance in Turkey. The relationship between
ownership structures, board structures and financial performances are tested. Influence of
corporate governance variables, board size, share of independent board members, foreign
investors, leverage ratio on firms‟ financial performance “return on assets” are utilized on firms
traded in Turkey‟s stock exchange BIST 100. This research concludes that corporate
governance variables influence firms‟ performances. Shares of independent board members
and leverage have negative influences while foreign ownership has a positive influence on
firms‟ financial performances.