Corporate governance in Turkey: an overview and some policy recommendations

Corporate governance in Turkey: an overview and some policy recommendations Both international and domestic developments have combined to bring the corporate governance (CG) debate to the fore in Turkey. Given this increased interest in CG matters and the significance of Turkey as an emerging market, we provide an overview of the Turkish CG framework with two objectives in mind: (i) contributing to the growing CG literature by presenting the main aspects of the CG practice in Turkey, and (ii) locating the Turkish CG reform agenda within the global debate – especially as it relates to the practice in emerging markets. We begin with a review of the CG debate as it relates to emerging markets. We then provide an account of the socio‐economic environment within which the Turkish CG debate is unfolding. This is followed by an examination of the external (market‐related) and internal (firm‐related) dimensions of the Turkish CG framework. Finally, we summarize the main findings and offer some recommendations for a successful reform initiative in Turkey. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Corporate Governance Emerald Publishing

Corporate governance in Turkey: an overview and some policy recommendations

Corporate Governance, Volume 3 (1): 18 – Mar 1, 2003

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Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
1472-0701
DOI
10.1108/14720700310459863
Publisher site
See Article on Publisher Site

Abstract

Both international and domestic developments have combined to bring the corporate governance (CG) debate to the fore in Turkey. Given this increased interest in CG matters and the significance of Turkey as an emerging market, we provide an overview of the Turkish CG framework with two objectives in mind: (i) contributing to the growing CG literature by presenting the main aspects of the CG practice in Turkey, and (ii) locating the Turkish CG reform agenda within the global debate – especially as it relates to the practice in emerging markets. We begin with a review of the CG debate as it relates to emerging markets. We then provide an account of the socio‐economic environment within which the Turkish CG debate is unfolding. This is followed by an examination of the external (market‐related) and internal (firm‐related) dimensions of the Turkish CG framework. Finally, we summarize the main findings and offer some recommendations for a successful reform initiative in Turkey.

Journal

Corporate GovernanceEmerald Publishing

Published: Mar 1, 2003

Keywords: Corporate governance Disclosure; Foreign investment; Turkey

References

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