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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
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15 pages

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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

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