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Journals / Bankacılar / 2021 / Cilt: 32 - Sayı: 119

Impact of Corporate Governance on Cost of Equity and Firm Value

Kurumsal Yönetimin Özkaynak Maliyetine ve Şirket Değerine Etkisi

Mahmut AYDOĞMUŞ
ALİ HEPŞEN
Pages
36–60
DOI
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AI Summary & Key Takeaways

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

This finding provides an important reference point for corporate managers and policy makers in pursuing policy measures towards protecting and improving the rights of stakeholders (employees, creditors, customers, suppliers, unions, non- governmental organizations and others) who are contributors to the achievements of the firm.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this paper, the impact of corporate governance on cost of equity and firm value has been evaluated with a focus on Turkey which has its own unique characteristics.
📊
Key Findings & Data:Result of the analysis specify that the Stakeholders subrating has positive and statistically significant relationship with firm value.
💡
Conclusion & Impact:This finding provides an important reference point for corporate managers and policy makers in pursuing policy measures towards protecting and improving the rights of stakeholders (employees, creditors, customers, suppliers, unions, non- governmental organizations and others) who are contributors to the achievements of the firm.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this paper, the impact of corporate governance on cost of equity and firm value has been evaluated with a focus on Turkey which has its own unique characteristics. Result of the analysis specify that the Stakeholders subrating has positive and statistically significant relationship with firm value. This finding provides an important reference point for corporate managers and policy makers in pursuing policy measures towards protecting and improving the rights of stakeholders (employees, creditors, customers, suppliers, unions, non- governmental organizations and others) who are contributors to the achievements of the firm.

Özet

Bu çalışmada kurumsal yönetimin özkaynak maliyeti ve şirket değeri üzerindeki etkisi incelenmiş ve kurumsal yönetim uygulamaları açısından kendine özgü özellikler barındıran Türkiye örneğine odaklanılmıştır. Analiz sonucunda Menfaat Sahipleri alt başlığında Türk şirketlerinin almış oldukları notların şirket değeri ile pozitif ilişkili olduğu bulgusuna ulaşılmıştır. Bu bulgu, şirketin hedeflerine ulaşmasında katkısı olan menfaat sahiplerinin (çalışanlar, alacaklılar, müşteriler, tedarikçiler, sendikalar, sivil toplum kuruluşları ve diğerleri) haklarını koruma ve iyileştirme yönünde izlenecek politikaların önemine ilişkin şirket yöneticilerine ve kural koyuculara önemli bir referans sunmaktadır.

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Cite This Article

AYDOĞMUŞ, M., HEPŞEN, A. (2021). Impact of Corporate Governance on Cost of Equity and Firm Value. Bankacılar, Cilt: 32 - Sayı: 119, 36–60. https://ajindex.com/articles/415519

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