Research Information System
Journal of Modern Accounting and Auditing, vol.12, no.2, pp.111-118, 2016 (Peer-Reviewed Journal)
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.