JOURNAL OF ACCOUNTING AND FINANCE
Performance Evaluation of Corporate Governance Index in Turkey
Author(s): Huseyin Dagli, Kemal Eyuboglu, Hasan Ayaydin
Citation: Huseyin Dagli, Kemal Eyuboglu, Hasan Ayaydin, (2012) "Performance Evaluation of Corporate Governance Index in Turkey," Vol. 12, Iss. 2, pp. 163 - 172
Article Type: Research paper
Publisher: North American Business Press
Abstract:
Corporate governance is a considerably modern managerial approach in all over the world. Capital Markets Board of Turkey (CMB) has formed the Corporate Governance Principles in Turkey. After the regulations of CMB Corporate Governance Principles in Turkey, Istanbul Stock Exchange (ISE) has also started to calculate “Corporate Governance Index” by rating the compliance of the corporate governance principles to support the application of these principles in publicly held companies listed in ISE. The aim of the paper is to evaluate 2007 September-2009 November period corporate governance index in terms of risk-return in Turkey. In the paper, commonly used Sharpe, Treynor and Jensen performance indexes are ranked. According to each three performances index, the most successful index is ISE 30 Index; Corporate Governance Index is at the middle ranks.