EVALUATING THE EFFICIENCY OF COMPANIES IN THE BORSA ISTANBUL CORPORATE GOVERNANCE INDEX USING DATA ENVELOPMENT ANALYSIS

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dc.contributor.authorSahin, Zekeriya
dc.contributor.authorÇora, Hakan
dc.date.accessioned2025-07-23T20:42:39Z
dc.date.available2025-07-23T20:42:39Z
dc.date.issued2024
dc.description.abstractThis study examines the efficiency of companies listed in the Borsa Istanbul (BIST 100) Corporate Governance Index for the year 2023 using Data Envelopment Analysis (DEA). DEA, a non-parametric method, was applied to 46 companies to evaluate their ability to maximize outputs given available inputs. The analysis employed an output-oriented Charnes, Cooper, and Rhodes (CCR) model, implemented through the Efficiency Measurement System (EMS) software. The findings revealed that 15 companies were relatively efficient, while 31 were inefficient, resulting in an overall efficiency rate of 32.6%. These results underscore the importance of robust corporate governance standards in enhancing organizational performance. The study identified corporate governance principles, such as transparency, accountability, and stakeholder engagement, as critical factors influencing efficiency. Recommendations to improve inefficiencies include strengthening governance standards, implementing training programs, and fostering transparency and accountability. The study contributes to the existing literature by providing empirical evidence of efficiency levels within Turkey's Corporate Governance Index and highlights the ongoing challenges and opportunities for improving corporate practices. The results also serve as a valuable reference for investors and policymakers seeking to enhance the performance of publicly listed companies and promote sustainable growth. Future research could expand by incorporating different variables and periods to assess longitudinal changes in corporate efficiency. © 2024 Journal of Organizational Behavior Research.
dc.identifier.doi10.51847/zPwFocwg97
dc.identifier.endpage163
dc.identifier.issn25289705
dc.identifier.issue2
dc.identifier.scopus2-s2.0-105001991982
dc.identifier.scopusqualityN/A
dc.identifier.startpage149
dc.identifier.urihttps://doi.org/10.51847/zPwFocwg97
dc.identifier.urihttps://hdl.handle.net/20.500.14704/1094
dc.identifier.volume9
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherDeniz Publication
dc.relation.ispartofJournal Of Organizational Behavior Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_Scopus_20250711
dc.subjectBorsa Istanbul
dc.subjectCorporate governance index
dc.subjectData envelopment analysis
dc.subjectEfficiency analysis
dc.titleEVALUATING THE EFFICIENCY OF COMPANIES IN THE BORSA ISTANBUL CORPORATE GOVERNANCE INDEX USING DATA ENVELOPMENT ANALYSIS
dc.typeArticle

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