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The Relationships Among Corporate Governance Principles and Firm Performance

Author

Listed:
  • Tuğba Karabulut

    (Istanbul Commerce University)

  • Mustafa Emre Civelek

    (Istanbul Commerce University)

  • Pınar Başar

    (Istanbul Commerce University)

  • Sabri Öz

    (Istanbul Commerce University)

  • Recep Ali Küçükçolak

    (Istanbul Commerce University)

Abstract

This study aims to analyse the effects of transparency and responsibility on accountability and fairness respectively and the effects of accountability and fairness on the firm performance. The principles of corporate governance which are fairness, transparency, responsibility and accountability have been studied. The data were collected randomly from 116 companies in istanbul in 2019 based on field study including five-point likert scales questionnaire. Structural equation modelling (sem) method was used to conduct the analyses. The hypotheses have been put forward to clarify the relationships among corporate governance principles and company performance in conceptual research model. Analyses results have been concluded that accountability has a positive effect on the firm performance. Additionally, responsibility has a positive effect on fairness. Conversely, the hypotheses suggested positive relations between transparency and accountability and between fairness and firm performance were not supported. Consequently, analyses results have been discussed in managerial implications perspective.

Suggested Citation

  • Tuğba Karabulut & Mustafa Emre Civelek & Pınar Başar & Sabri Öz & Recep Ali Küçükçolak, 2020. "The Relationships Among Corporate Governance Principles and Firm Performance," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 35(114), pages 401-418, October.
  • Handle: RePEc:acc:malfin:v:35:y:2020:i:114:p:401-418
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