The Impact of Corporate Governance Quality on Firm Value: A Case Study on Corporate Governance Index of Borsa Istanbul

BİÇER, Mehmet; Şit, Ahmet

doi:10.18267/j.cebr.324

Cited by 3 publications

(1 citation statement)

References 28 publications

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“…According to the concept of Corporate Governance, a company can attain maximum firm value when the functions and responsibilities of each actor within the modern business organization can be separated. This separation allows the company to achieve optimal firm value (Biçer & Şit, 2023).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

Pangaribuan,

Yoewono,

Winarno

2023

WIGA

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The Covid-19 condition that has passed has provided many important lessons and has disrupted the performance and productivity of almost all industries, including manufacturing companies. Such condition has become a challenging task for companies to find solutions to maximize company value to survive, let alone increase in these conditions. Bad like that. This research aims to confirm whether company size, board of commissioners, and Covid-19 conditions significantly affect company value. By taking data from manufacturing companies during the past two years of research during the Covid-19 period, this study uses a descriptive quantitative approach with multiple linear regression analysis techniques and modeling Covid-19 as a moderator. This study uses a purposive sampling method to select manufacturing companies on the Indonesia Stock Exchange. The research data spans two years upon 159 companies, resulting in 318 data points. The research results show that the variables of company size and board of commissioners do not significantly affect company value, but Covid-19 can significantly influence company value. Covid-19 then moderated the company size and board of commissioners variables, and it was discovered that the company size and board of commissioners variables had a significant influence on company value; this demonstrates that Covid-19 has had a devastating effect on company value.

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Section: Hypotheses Developmentmentioning

confidence: 99%

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

Pangaribuan,

Yoewono,

Winarno

2023

WIGA

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Revisiting the Corporate Governance–Firm Performance Nexus in Vietnam: Does Capital Structure Really Matter?

Luu,

Nguyen,

2024

Indian Journal of Corporate Governance

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In this article, we investigate whether the capital structure moderates the corporate governance–firm performance nexus of Vietnamese firms. This study uses data from state-owned joint-stock companies to test the proposed hypotheses in two phases. In the first phase, we adopted and adapted the corporate governance quality (CGQ) index for the Association of Southeast Asian Nations (ASEAN) nations to design a questionnaire to evaluate the CGQ of state-owned joint-stock companies. In the second phase, we collected information from the company’s reports to assess CGQ, cross-check the data and finalise our evaluation. Then regression models were run to test two proposed hypotheses. Empirical findings show that CGQ exerts a positive impact on Vietnamese state-owned joint-stock companies’ performance. Moreover, our result confirms that firms’ capital structure moderates the CGQ–firm performance nexus. Our study implies that the government should promulgate legal frameworks and policies to establish superior legal infrastructure to build trust for investors and improve CGQ in state-owned enterprises. JEL Classification: M10, M12, M48, N40

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İşletmelerin Esg Performanslarının Sermaye Maliyeti ve Finansal Performansına Etkisi: Bist Sürdürebilirlik-25 Endeksi Üzerine Bir Uygulama

GÜNGÖR KARYAĞDI,

ŞİT

2023

Bucak İşletme Fakültesi Dergisi

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ÖZET Bu çalışmanın amacı ESG performansının firmaların sermaye maliyeti ve finansal performansları üzerine etkisinin araştırılmasıdır. Bu amaçla BIST Sürdürülebilik-25 Endeksinde yer alan firmaların 2018-2022 dönemi verileri yıllık olarak incelenmiştir. Çalışmanın bağımsız değişkeni ESG performansı olup bağımlı değişkenleri Aktif Karlılık Oranı (ROA), Piyasa Değeri/ Defter Değeri ve Finansman Giderleri/Net Satışlar’dır. Bu durum 3 farklı model kullanımı gereksinimi kılmıştır. Yöntem olarak dinamik panel veri analizi tekniklerinden Fark GMM ve Sistem GMM kullanılmıştır. Analiz sonucunda incelenen firmaların ESG performanslarının Aktif Karlılıkları üzerinde pozitif bir etkisinin olduğu görülmektedir. Anahtar Kelimeler: ESG Performansı, Sermaye Maliyeti, Finansal Performans, GMM

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The Impact of Corporate Governance Quality on Firm Value: A Case Study on Corporate Governance Index of Borsa Istanbul

Cited by 3 publications

References 28 publications

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

The Role of Company Size and Board of Commissioners on Company Value in Disrupted Economics

Revisiting the Corporate Governance–Firm Performance Nexus in Vietnam: Does Capital Structure Really Matter?

İşletmelerin Esg Performanslarının Sermaye Maliyeti ve Finansal Performansına Etkisi: Bist Sürdürebilirlik-25 Endeksi Üzerine Bir Uygulama

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