KURUMSAL YÖNETİM - FİRMA PERFORMANSI İLİŞKİSİNİN DİNAMİK BİR MODELLE TAHMİNİ

The objective of this study is to examine whether there is a relationship  between the performances and corporate governance levels of companies  traded in corporate governance index between 2007 and 2015 in Turkey,  which is an emerging market. Different from the previous studies  conducted in Turkey, the analysis is conducted with a dynamic method,  the System Generalized Moments Method insert ignore into journalissuearticles values(system GMM);. Furthermore,  the analysis covered a long sampling period from the date when corporate  governance is started to be calculated until today insert ignore into journalissuearticles values(2007 – 2015);. Analysis  results demonstrated that there is a positive and statistically significant  relationship between corporate governance scores and accounting-based  ROA and market-based Tobin’s Q ratios.