The impact of corporate governance on Turkish banking sector during economic crisis: The test of instrumental stakeholder theory

dc.authorscopusid36660946300
dc.authorscopusid56089817800
dc.contributor.authorGunay S.G.
dc.contributor.authorHeves M.
dc.date.accessioned2024-06-12T10:25:49Z
dc.date.available2024-06-12T10:25:49Z
dc.date.issued2011
dc.description.abstractThe 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.en_US
dc.identifier.doi10.22495/cocv8i3p3
dc.identifier.endpage41en_US
dc.identifier.issn1727-9232
dc.identifier.issue3:00 ÖÖen_US
dc.identifier.scopus2-s2.0-84897139032en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage28en_US
dc.identifier.urihttps://doi.org/10.22495/cocv8i3p3
dc.identifier.urihttps://hdl.handle.net/20.500.14551/16537
dc.identifier.volume8en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherVirtus Interpressen_US
dc.relation.ispartofCorporate Ownership and Controlen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCorporate Performance; Economic Crisis; Instrumental Stakeholder Theory; Stakeholder Governance Model; Stockholder Governance Modelen_US
dc.titleThe impact of corporate governance on Turkish banking sector during economic crisis: The test of instrumental stakeholder theoryen_US
dc.typeArticleen_US

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