Özet:

Based on panel data analysis of 18 emerging market countries from 2002 to 2018, the impact of governance quality on international portfolio investments was examined. As a result of the analysis, it was observed that the quality of governance indicators, excluding political stability and absence of violence, had a positive effect on international portfolio investments. In this study, foreign direct investments, current account deficit, stock market size and stock market returns were used as control variables. As a result of the analysis, it was concluded that there is a negative relationship between foreign direct investments, current account deficit and international portfolio investments. There is also a positive relationship between stock market size, stock market returns and international portfolio investments.

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