Impact of corporate governance and related controversies on the market value of banks

dc.contributor.authorKomath, MAC
dc.contributor.authorDogan, M
dc.contributor.authorSayilir,
dc.date.accessioned2024-07-18T11:53:59Z
dc.date.available2024-07-18T11:53:59Z
dc.description.abstractEffective corporate governance of financial institutions, particularly in the banking sector, is vital for the stability of the financial system and the prevention of financial crises. Thus, this study examines the impact of corporate governance and related controversies on the market value of banks. For this purpose, we utilized Refinitiv's corporate governance scores, including manage-ment, shareholder value, and corporate social responsibility (CSR), as well as its corporate governance controversies scores to analyze their impact on the market value of 242 banks in 43 countries. Using Refinitiv's ESG database from 2017 to 2021, we conducted a path analysis and found a positive and statistically significant relationship between the CSR strategy scores and the market value of banks as well as between the management scores and the market value of banks. Moreover, there is a statistically significant relationship between the corporate governance controversies scores and the market value of banks.
dc.identifier.issn0275-5319
dc.identifier.other1878-3384
dc.identifier.urihttp://akademikarsiv.cbu.edu.tr:4000/handle/123456789/6038
dc.language.isoEnglish
dc.publisherELSEVIER
dc.subjectBOARD GENDER DIVERSITY
dc.subjectSOCIAL-RESPONSIBILITY
dc.subjectFIRM PERFORMANCE
dc.subjectAUDIT COMMITTEE
dc.subjectEARNINGS MANAGEMENT
dc.subjectSHAREHOLDER RIGHTS
dc.subjectOWNERSHIP
dc.subjectDISCLOSURE
dc.subjectDIRECTORS
dc.subjectPROFITABILITY
dc.titleImpact of corporate governance and related controversies on the market value of banks
dc.typeArticle

Files