JOURNAL OF LEADERSHIP, ACCOUNTABILITY AND ETHICS
Corporate Governance in Non-Financial Service Sector Firms
Listed in the Istanbul Stock Exchange
Author(s): Esra Nemli Caliskan, Basak Turan Icke
Citation: Esra Nemli Caliskan, Basak Turan Icke, (2010) "Corporate Governance in Non-Financial Service Sector Firms Listed in the Istanbul Stock Exchange," Journal of Leadership, Accountability and Ethics, Vol. 8, Iss. 2, pp. 90 - 106
Article Type: Research paper
Publisher: North American Business Press
Abstract:
In this paper corporate governance practices of Turkish non-financial service sector firms listed in ISE
are analyzed. The sample consists of twenty-nine firms. Turkish non-financial service sector is chosen
because it is one of the most powerful forces of Turkish economy. Moreover, since these firms are obliged
to publish corporate governance reports yearly, they are more likely to have “better” corporate
governance practices than other non-financial service sector firms (not listed in ISE). The analysis is
based on the corporate governance reports, annual reports, financial statements and articles of
associations of the firms. The corporate governance practices of these firms are analyzed as to four main
criteria: shareholders, public disclosure-transparency, stakeholders and board of directors.