Abstract:

Purpose - The purpose of this study is to determine the influence of corporate management elements in the formation of corporate management points in compliance with corporate management principles. Furthermore, it is another purpose of the study to identify whether there is a difference in terms of the score average according to the rating company. Method - The research was carried out using a multi-variant regression analysis method. In the framework of the purpose, the Stock Exchange Istanbul Corporate Management Index (BIST-XKURY) has been examined in the framework of the analysis of the data of the corporate management principles of the companies with 47 companies from 01.07.2019. While the Corporate Management Rating Points are dependent on variables in the research model, the Shareholders Rating Points, Public Enlightenment and Transparency Rating Points, Interested Rating Points, Board Rating Points represent independent variables. When multiple regression analysis is carried out, the "Enter" method is selected as the method. Results - The study results; Corporate Management Principles elements are identified as the relative importance of the formation of the Corporate Management score in the order of shareholders score, board score, public lighting and transparency score, interestholders score. According to the analysis of the differences made from the point of view of the rating companies; it was found that all the rating points except the Board's score did not differ according to the rating company. (JCR: 8,9327 SAHA: 9,2025 COBIRATE: 9,2254). Discussions - According to the research findings; except the deviation seen in the rating point of the Board of Directors, the importance ranking has been formed parallel to the levels of impact determined by the SPK (Capital Market Board). Also, it has been shown that the Board of Directors’ ratings of the JCR rating company are statistically significantly different from the other two ratings companies’ ratings.

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