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Journals / Yönetim ve Ekonomi Araştırmaları Dergisi / 2026 / Cilt: 24 Sayı: 2

HOW FIRM SIZE SHAPES THE CFO ROLE IN TÜRKİYE: EVIDENCE FROM LARGE AND SME FIRMS

Bülent Kınay(AKDENİZ ÜNİVERSİTESİ)0000-0001-9550-3193
Pages
1–26
Publication Date
2026-06-24
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The research findings not only serve as a foundation for academic studies but also provide guidance for executive education programs and corporate governance reforms.

📌 3 Key Takeaways

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Objective & Hypothesis:This study examines whether companies include a chief financial officer (CFO) position in their top management and whether CFO characteristics differ based on the firm size.
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Key Findings & Data:To this end, as of January 2024, the study analyzed a total of 76 companies, including all firms listed on the Borsa İstanbul BIST 30 (XU030) index (n = 30) and all small and medium-sized enterprises (SMEs) listed on the BIST SME Industrial (XKOBI) index (n = 46).
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Conclusion & Impact:The research findings not only serve as a foundation for academic studies but also provide guidance for executive education programs and corporate governance reforms.
🔬Design:Araştırma Makalesi
📍Scope:2024 Verileri
⚙️Variables:Mali İşler Direktörü · CFO Kariyer · Muhasebe Mesleği

Abstract

This study examines whether companies include a chief financial officer (CFO) position in their top management and whether CFO characteristics differ based on the firm size. To this end, as of January 2024, the study analyzed a total of 76 companies, including all firms listed on the Borsa İstanbul BIST 30 (XU030) index (n = 30) and all small and medium-sized enterprises (SMEs) listed on the BIST SME Industrial (XKOBI) index (n = 46). The data were analyzed using content analysis. In line with their firms’ global and strategic demands, CFOs in large-scale companies also tended to have postgraduate or doctoral degrees, international experience, and advanced qualifications. On the other hand, XKOBI companies were less likely to appoint a CFO compared to large firms. Notably, a considerable number of these SMEs had no accounting or finance leader in their top management. The research findings not only serve as a foundation for academic studies but also provide guidance for executive education programs and corporate governance reforms.

Özet

Bu çalışmada, şirketlerin üst yönetimlerinde bir mali işler direktörü (CFO) pozisyonuna yer verilip verilmediği ve CFO özelliklerinin şirket büyüklüğüne göre farklılık gösterip göstermediği incelenmiştir. Bu amaçla, Ocak 2024 tarihi itibarıyla Borsa İstanbul BIST 30 (XU030) endeksinde işlem gören tüm şirketler (n = 30) ve BIST KOBİ Sanayi (XKOBİ) endeksinde işlem gören tüm küçük ve orta ölçekli işletmeler (KOBİ'ler) (n = 46) olmak üzere toplam 76 şirket analiz edilmiştir. Veriler içerik analizi kullanılarak analiz edilmiştir. Şirketlerinin küresel ve stratejik talepleri doğrultusunda, büyük ölçekli şirketlerdeki CFO'ların ayrıca lisansüstü veya doktora derecesine, uluslararası deneyime ve ileri düzey niteliklere sahip olma eğilimi gösterdiği görülmüştür. Diğer yandan, XKOBİ şirketlerinin büyük şirketlere kıyasla bir CFO atama olasılığı daha düşüktür. Bu KOBİ'lerin önemli bir kısmının üst yönetimlerinde muhasebe veya finans lideri bulunmaması dikkat çekicidir. Araştırma bulguları yalnızca akademik çalışmalar için bir temel oluşturmakla kalmayıp aynı zamanda yönetici eğitim programları ve kurumsal yönetim reformları için de rehberlik sağlamaktadır.

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Cite This Article

Kınay, B. (2026). HOW FIRM SIZE SHAPES THE CFO ROLE IN TÜRKİYE: EVIDENCE FROM LARGE AND SME FIRMS. Yönetim ve Ekonomi Araştırmaları Dergisi, Cilt: 24 Sayı: 2, 1–26. https://doi.org/10.11611/yead.1787935

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