Corporate Governance and Sustainable Development, A Comparative Analysis on Turkey and Bosnia Herzegovina

Corporate Governance and Sustainable Development, A Comparative Analysis on Turkey and Bosnia Herzegovina

KARAYEL, Mete
SAYLI, Halil
GÖRMÜS, Alparslan Sahin

Corporate governance is the system by which business corporations are directed and controlled. This concept is getting more attention in the recent years after many corporation scandals and financial crises. But it has many benefits to companies and countries. When we look at the country side, according to literature, there are several channels through which corporate governance affects growth and development in countries, these channels are: increased access to external financing by firms, a lowering of the cost of capital and associated higher firm valuation, better operational performance through better allocation of resources and better management, reduced risk of financial crises, and better relationships with all stakeholders. In this study we aim to show importance of corporate governance on sustainable development in developing countries. In this direction we will use data acquired from reports and data prepared by World Bank, OECD (Organization for Economic Co-operation and Development) and governmental organizations in these countries. Corporate governance levels and performances of companies and countries and effects of these on growth and sustainable development will be acquired from data. At the conclusion part, we will conclude our study with a comparative country analysis on Turkey and Bosnia Herzegovina and with some suggestions to countries and future researches.

Conference or Workshop Item
PeerReviewed

2009-06

144