As an important corporate governance mechanism for businesses, the board of directors has an impact on financial performance by minimizing conflicts of interest between managers and business owners and providing an active audit structure. In this study, it is aimed to measure the relationship between board diversification and financial performance of enterprises listed as investment institutions in the Public Disclosure Platform (PDP) within the framework of agency theory. Annual data of 102 investment institutions for the period 2014-2019 were used in the analyses. In the study, board diversification variables consist of board size, CEO duality, number of independent members, number of female members and number of foreign members. Accounting-based Return on Assets (ROA) was preferred as a measure of financial performance. As a result of the study, the relationship between the size of the board of directors, CEO duality and the number of female members and financial performance for investment firms is statistically insignificant. It has been revealed that there is a negative and significant relationship between the number of independent members and the number of foreign members and financial performance.
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