The impact of corporate governance on Turkish banking sector during economic crisis: The test of instrumental stakeholder theory
Küçük Resim Yok
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Virtus Interpress
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The aim of this paper is to show the relationship between corporate governance and bank financial performance during economic crisis. In other words, a stakeholder governance model is developed in order to test the instrumental stakeholder theory during economic crisis. It is found that the average return on equity for the group of banks that use stakeholder governance model is approximately 70% higher than the group of banks that use stockholder governance model in Turkey during the economic crisis period (2007-2009). These findings show the importance of stakeholder governance model during the economic crisis. In other words, it is found that banks immunized themselves against the effects of economic crisis in terms of their financial performance.
Açıklama
Anahtar Kelimeler
Corporate Performance; Economic Crisis; Instrumental Stakeholder Theory; Stakeholder Governance Model; Stockholder Governance Model
Kaynak
Corporate Ownership and Control
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
8
Sayı
3:00 ÖÖ
