YÖNETİM KURULU YAPISI İLE FİNANSAL PERFORMANS ARASINDAKİ İLİŞKİDE ULUSLARARASI ÇEŞİTLENMENİN ARACILIK ETKİSİ

Yıl 2014, Cilt: 25 Sayı: 77, 39 - 78, 20.02.2015

Tarhan Okan , Selcen Sarı , Tülay İlhan Nas

Öz

Bu araştırmanın amacı, yurt dışına yatırım yapan işletmelerin, yönetim kurulu yapılarının finansal performans üzerindeki direkt etkisinin yanı sıra, uluslararası çeşitlenme stratejileri üzerinden ortaya çıkabilecek endirekt etkisini ortaya koymaktır. Böyle bir ilişkinin test edilmesi için aracılık (mediation) analiz modeli kullanılmıştır. Borsa İstanbul’da işlem gören 83 firmanın 2011 yılı verileri kullanılarak yürütülen analiz bulguları, yönetim kurulu büyüklüğünün, finansal performans üzerinde anlamlı ve pozitif yönlü bir etkisinin olduğunu ve uluslararası çeşitlenme düzeyinin bu ilişkide önleyici (supression) bir aracılık etkisinin var olduğunu ortaya koymuştur.

Anahtar Kelimeler

Yönetim Kurulu Yapısı, Finansal Performans, Uluslararası Çeşitlenme

Kaynakça

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