Browsing by Author "Saygili, Ebru"

Now showing 1 - 5 of 5

Citation - WoS: 3
Analysis of Corporate Governance and Financial Sustainability Using the Topsis Method
(Int Journal Contemporary Economics & Administrative Sciences, 2022) Saygılı, Arıkan Tarık; Gecim, Miray; Ozturkoglu, Yucel; Saygili, Ebru
Stakeholders of listed companies are interested in the financial sustainability and corporate governance (CG) issues in the companies. This study aims to explore the relationship between corporate governance practices and financial sustainability in light of OECD principles of corporate governance. Altman's Z-scores and CG ratings of 20 companies listed in the Borsa Istanbul Corporate Governance Index (XKURY) were analyzed using the TOPSIS method. The results obtained in this study show that firms' financial sustainability and corporate governance scores don't move in the same direction for the years from 2013 to 2018.
Citation - WoS: 2
An Analysis of Factors Affecting Credit Scoring Performance in Smes
(Ege Univ, Fac Economics & Admin Sciences, 2019) Saygili, Ebru; Saygılı, Arıkan Tarık; Isik, Gokhan
In small and medium enterprises (SMEs), both financial and non-financial indicators related to the company and the large shareholder have significant effects on credit scores. This study explores the hybrid nature of SME credit scoring systems by developing an SME credit scoring model with general indicators, financial indicators and intelligence indicators related to the company and the major shareholder. This study is the first to explore the effect of intelligence indicators in credit scoring. It used regression analysis to evaluate real data from 125 SMEs operating in Turkey. Of 17 independent variables, 9 had statistically significant relationships with SME credit scores. The paper includes a comprehensive discussion of the implications of these findings.
Citation - WoS: 10
Citation - Scopus: 11
An Analysis of the Sustainability Disclosures of Textile and Apparel Companies in Turkey
(Ege Univ, 2019) Saygili, Ebru; Saygılı, Arıkan Tarık; Yargi, Seher Goren
The aim of this study is to discuss recent sustainability developments in the textile industry and to explore the disclosures of textile and apparel companies in Turkey. The economic, environmental and social sustainability disclosures of 34 companies were analyzed in relation to Global Reporting Initiative (GRI) standards. The results of the analysis revealed that the most frequently mentioned sustainability issues were related to employees, water, product, market, supplier, education, economic, energy and waste. A majority of companies provided economic disclosures about economic performance and anti-competition; environmental disclosures about water and effluents and energy; and social sustainability disclosures about training, education, employment, health and safety, diversity and equal opportunity, marketing and labeling.
Citation - WoS: 12
Citation - Scopus: 13
THE EFFECTS OF CORPORATE GOVERNANCE PRACTICES ON FIRM-LEVEL FINANCIAL PERFORMANCE: EVIDENCE FROM BORSA ISTANBUL XKURY COMPANIES
(Vilnius Gediminas Tech Univ, 2021) Saygılı, Arıkan Tarık; Saygili, Ebru; Taran, Alina
Corporate governance (CG) is a fundamental criteria for enhancing investors' and stakeholders' trust, relatively recently recognized in emerging markets. This study investigates the effects of CG practices on the firm-level financial performance of Borsa Istanbul XKURY-indexed companies during 2007-2019. Four specific aspects of CG are analysed: shareholders' rights, public disclosure and transparency, stakeholders' rights, and board of directors functioning, as defined by the Turkish Code of Corporate Governance, in line with international principles of CG issued by OECD. Alternative estimations of panel regression analysis indicate a positive association between stakeholder-oriented governance practices and firm-level financial performance expressed by accounting measures for both financial and non-financial companies. Shareholder protection policies have a negative influence on accounting-based performance, especially for non-financial industries, whereas the corporate practices related to board of directors and public disclosure vary between financial and non-financial entities. These findings contribute to international research on CG implications for emerging markets, providing evidence about the importance of stakeholders' protection and the distinctive effects of CG dimensions for corporate financial performance.
Citation - WoS: 1
Citation - Scopus: 1
Who Dictates Corporate Governance Practices in Turkey? the Role of Ownership Structure for Xkury Companies
(Routledge Journals, Taylor & Francis Ltd, 2020) Saygili, Ebru; Saygılı, Arıkan Tarık; Taran, Alina
This paper investigates the influence of ownership structure on corporate governance practices of Turkish companies listed in Borsa Istanbul Corporate Governance Index (XKURY). It proposes a context-specific ownership structure (founding families, state ownership, foreign ownership from both developed and emerging markets, and institutional investors), and publicly available corporate governance scores as indicators for corporate governance practices. The results of fixed effects panel regression analyses show that state ownership has a negative influence on weighted and non-weighted average corporate governance scores, as mainly determined by shareholder protection and board of directors-related practices during 2010-2017. The evidence regarding the other ownership categories is not sufficient over alternative estimations. Overall, the study provides a critical assessment of the role of ownership in shaping the corporate governance practices of XKURY companies.