Abstract:
The effect of corporate governance on business output is unevitable. It is possible to
maximize coordination and performance by evaluating the connection between corporate
governance and business output correctly. In corporate governance, fairness, reliability,
accountability, objectivity and transparency are required to stand out. The primary purpose
of this work is to reveal the connection between corporate governance and business output.
This is to enable to make a healthier assessment by revealing the positive and negative
aspects of the relationship and to provide solutions to the problems that may arise when
necessary.
It examines corporate governance variables and analyses if they affect on firm performance
as measured by return on presence (ROA) and return on equity (ROE). According to the
review of literature, we select four corporate governance variables. These are; board
members, CEO and chairman, board structure and ownership concentration which assisted
as the independent variables and the dependent variable is firm performance. The linear
multiple regression was used to assess the connection between corporate governance and
firm performance.
In this article data for 179 manufacturing firms from ISE are collected from 2018 in order
to determine how is the relation between corparate governance and business performance.
As a result of the analyzes, it is reach that there is positive and meaningful relation between
board members, board structure, ownership concentration and firm performance. But
findings from the study show that there is no meaningful relationship between CEO
chairman and firm performance.