Research Article
Year 2021,
Volume: 8 Issue: 2, 412 - 439, 30.04.2021
Abstract
This study aims to examine the effect of board composition on firms' leverage and to evaluate the findings in light corporate governance theories and capital structure theories. It is used panel data analysis based on annual data of firms currently listed in BIST Corporate Governance Index over the period 2012 to 2018.The findings of the study reveal that board size, foreign directors and firm size have statistically significant and positive effects on leverage. On the other hand, female directors, independent directors, Chief Executive Officer (CEO) duality and Return on Asset (ROA) have a negative effect on leverage. However, among these factors, only ROA has a statistically significant effect.
References
- Terjesen, S., Sealy, R., & Singh, V. (2009). Women directors on corporate boards: A review and research agenda. Corporate Governance: An International Review, 17(3), 320-337.
- Topaloğlu, E. E., & İlhan, E. G. E. (2017). CEO ikiliği (duality) ve yönetim kurulu büyüklüğünün sermaye yapısı kararlarına etkisi. Akademik Bakış Uluslararası Hakemli Sosyal Bilimler Dergisi, (60), 291-299.
Year 2021,
Volume: 8 Issue: 2, 412 - 439, 30.04.2021
Abstract
References
- Terjesen, S., Sealy, R., & Singh, V. (2009). Women directors on corporate boards: A review and research agenda. Corporate Governance: An International Review, 17(3), 320-337.
- Topaloğlu, E. E., & İlhan, E. G. E. (2017). CEO ikiliği (duality) ve yönetim kurulu büyüklüğünün sermaye yapısı kararlarına etkisi. Akademik Bakış Uluslararası Hakemli Sosyal Bilimler Dergisi, (60), 291-299.
There are 2 citations in total.
Details
| Primary Language | English |
|---|---|
| Journal Section | Makaleler |
| Authors | |
| Publication Date | April 30, 2021 |
| Published in Issue | Year 2021 Volume: 8 Issue: 2 |
