Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You and Your Team.

Learn More →

Corporate governance in Turkey: reform and convergence

Corporate governance in Turkey: reform and convergence Purpose – The purpose of this paper is to investigate the extent of convergence of regulations and of practice regarding corporate governance between a developing country (Turkey) and a developed country (the UK). Design/methodology/approach – The development of the codes is described and compared and then research is conducted into the top 100 companies on the stock exchanges of each country. Findings – It is shown that, although the codes, and their iterative development, are similar, the degree of compliance is dissimilar. Research limitations/implications – These findings suggest that further research in other countries is also needed to see if the explanations are robust. Originality/value – Much research has been undertaken into corporate governance and national differences but the paper is different in that it makes a comparison between countries and also between regulation and practice to show that these diverge. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Responsibility Journal Emerald Publishing

Corporate governance in Turkey: reform and convergence

Aylin Poroy Arsoy; David Crowther
Social Responsibility Journal , Volume 4 (3): 15 – Aug 1, 2008
Download PDF
15 pages
Read Article

Loading next page...
 
/lp/emerald-publishing/corporate-governance-in-turkey-reform-and-convergence-nVgjs13jBW
Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1747-1117
DOI
10.1108/17471110810892893
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to investigate the extent of convergence of regulations and of practice regarding corporate governance between a developing country (Turkey) and a developed country (the UK). Design/methodology/approach – The development of the codes is described and compared and then research is conducted into the top 100 companies on the stock exchanges of each country. Findings – It is shown that, although the codes, and their iterative development, are similar, the degree of compliance is dissimilar. Research limitations/implications – These findings suggest that further research in other countries is also needed to see if the explanations are robust. Originality/value – Much research has been undertaken into corporate governance and national differences but the paper is different in that it makes a comparison between countries and also between regulation and practice to show that these diverge.

Journal

Social Responsibility Journal – Emerald Publishing

Published: Aug 1, 2008

Keywords: Corporate governance; Developing countries; Culture; Turkey

References

  • Transparency and disclosure and their determinants in the Istanbul Stock Exchange
    Aksu, M.; Kosedag, A.
  • Şeffaflığın Önemi Üzerine Bir Değerlendirme
    Alparslan, M.
  • Is the global economy sustainable?
    Aras, G.; Crowther, D.
  • Governance and sustainability: an investigation into the relationship between corporate governance and corporate sustainability
    Aras, G.; Crowther, D.
  • Exploring frameworks of corporate governance
    Aras, G.; Crowther, D.
  • The future of corporate governance: a prognosis
    Aras, G.; Crowther, D.
  • Emerging markets finance
    Bekaert, G.; Harvey, C.R.
  • The changing corporate governance paradigm: implications for transition and developing countries
    Berglöf, E.; Von Thadden, E‐L.
  • Liberalization, corporate governance and the performance of privatized firms in developing countries
    Boubakri, N.; Cosset, J‐C.; Guedhami, O.
  • Capital markets board's role in shaping corporate governance
    Cansızlar, D.
  • Communiqué VIII/40 Principles Regarding Ratings Agencies
    Capital Market Board
  • Communiqué XI/25 Accounting Standards in Capital Market
    Capital Market Board
  • Corporate Governance Principles
    Capital Market Board
  • Communiqué VIII/45 International Valuation Standards in Capital Markets
    Capital Market Board
  • Communiqué X/22 Independent Audit Standards in Capital Markets
    Capital Market Board
  • Corporate governance in Asia: a survey
    Claessens, S.; Fan, J.P.H.
  • Ownership patterns and control in Turkish listed companies
    Demirag, I.; Serter, M.
  • International corporate governance
    Denis, D.K.; McConnell, J.J.
  • Inflation, output growth and stabilization in Turkey, 1980‐2002
    Dibooğlu, S.; Kibritçioğlu, A.
  • Explaining and forecasting inflation in Turkey
    Domaç, İ
  • Financial crisis and firm performance: empirical evidence from Turkey
    Gonenc, H.; Aybar, C.B.
  • Is globalisation civilising, destructive or feeble? A critique of six key debates in the social science literature
    Guillen, M.F.
  • Corporate governance in Turkey
    Gurria, A.
  • Corporate governance in Mexico
    Husted, B.W.; Serrano, C.
  • Monetary transmission mechanism in Turkey under free float using a small‐scale macroeconomic model
    Karasoy, A.; Kunter, K.; Us, V.
  • Corporate governance, investor protection and performance in emerging markets
    Klapper, L.F.; Love, I.
  • The impact of corporate governance on investment returns in developed and developing countries
    Klaus, G.; Mueller, C.D.; Yurtoglu, B.
  • Corporate ownership around the world
    La Porta, R.; Lopez‐de‐Silanes, F.; Shleifer, A.
  • Legal determinants of external finance
    La Porta, R.; Lopez‐de‐Silanes, F.; Shleifer, A.; Vishny, R.
  • Investor protection and corporate governance
    La Porta, R.; Lopez‐de‐Silanes, F.; Shleifer, A.; Vishny, R.
  • Corporate Governance
    Mallin, C.
  • Corporate governance and dividend policy in emerging markets
    Mitton, T.
  • Corporate Governance in Turkey: A Pilot Study
    OECD
  • The impact of corporate governance structures on the investment performance in Turkey
    Orbay, H.; Yurtoglu, B.
  • Corporate governance in Brazil
    Rabelo, F.M.; Vasconcelos, F.C.
  • Corporate governance reforms in developing countries
    Reed, D.
  • Corporate governance in South Africa
    Rossouw, G.J.; Von der Watt, A.; Malon, D.P.
  • Large shareholder activism in corporate governance in developing countries: evidence from India
    Sarkar, J.; Sarkar, S.
  • An assessment of the IMF stabilization program
    Serin, V.; Arıcan, E.
  • A survey of corporate governance
    Shleifer, A.; Vishny, R.W.
  • Investor protection and equity markets
    Shleifer, A.; Wolfenzon, D.