Relationships Between Corporate Governance and Perceived Financial Performance of Firms: A Study


Boztosun D. , Aksoylu S.

Journal of Modern Accounting and Auditing, cilt.12, sa.2, ss.111-118, 2016 (Diğer Kurumların Hakemli Dergileri)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 12 Konu: 2
  • Basım Tarihi: 2016
  • Doi Numarası: 10.17265/1548-6583/2016.02.005
  • Dergi Adı: Journal of Modern Accounting and Auditing
  • Sayfa Sayıları: ss.111-118

Özet

Corporations should have strong capital to sustain their operations. Investors should feel safe and be able to have access to accurate information about firms to invest their capital in those firms. These two factors are vital issues for the sustainability of corporations in the 21st century business. With the proper establishment of corporate governance practices, investors will be protected and feel safe and then a trust will develop, capital inflow will be facilitated and ultimately corporations with stronger financial foundations will emerge. A questionnaire was applied in this study to investigate the relationships between the corporate governance and perceived financial performance of the top 100 manufacturing firms operating in the Kayseri Organized Industrial Region. The results revealed that the number of employees had significant effects on the corporate governance and perceived financial performance scores of the firms and institutionalization level also affected perceived financial performance. The other independent variables (sectoral distribution, firm age, and export/revenue ratio) did not have any significant effects on corporate governance and perceived financial performance scores of the firms.