Yılmaz, Mustafa Kemal

Profil fotoğrafı
 E-posta Adresi
mustafa.yilmaz@ihu.edu.tr
ORCID Profili
0000-0001-6036-0559
WoS Profili
S-9489-2017
Scopus Profili
57214083720
YÖK Araştırmacı Profili
00E2002187F4AF69
Google Akademik Profili
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TR-Dizin Profili
802607
SOBİAD Profili
268880
Web Sitesi
akademik.ihu.edu.tr/tr/mustafa-yilmaz

Araştırma projeleri

Organizasyon Birimleri

Organizasyon Birimi Logosu
Organizasyon Birimi
Yönetim Bilimleri Fakültesi, İşletme Bölümü
Küresel rekabete ayak uydurmak ve sürdürülebilir olmak isteyen tüm şirketler ve kurumlar, değişimi doğru bir şekilde yönetmek, teknolojinin gerekli kıldığı zihinsel ve operasyonel dönüşümü kurumlarına hızlı bir şekilde adapte etmek zorundadırlar.

Adı Soyadı

Mustafa Kemal Yılmaz

İlgi Alanları

Capital Markets, Derivatives Markets, Risk Yönetimi, Kurumsal Finansman, Sürdürülebilirlik

Kurumdaki Durumu

Aktif Personel

Filtreler

20231
Filtreleri Sıfırla

Ayarlar

Konu: Board Composition ×

Arama Sonuçları

Listeleniyor 1 - 1 / 1
  • Küçük Resim
    Yayın
    Does board diversity affect the cost of debt financing? Empirical evidence from Turkey
    (Emerald Publishing, 2023) Yılmaz, Mustafa Kemal; Yılmaz, Mustafa Kemal; Aksoy, Mine; Yılmaz, Mustafa Kemal; Yönetim Bilimleri Fakültesi, İşletme Bölümü
    Purpose – This study aims to investigate the effects of board characteristics on the cost of debt for nonfinancial companies in the Turkish capital markets. Design/methodology/approach – Using a sample of 211 non-financial companies listed on Borsa Istanbul, this study examines how chairperson gender and board characteristics affect the cost of debt by using panel data analysis over the period of 2016–2020. A system generalized method of moments model is also applied to test the endogeneity issue. Findings – The findings show that the presence of female chairperson and female directors on board reduces the cost of debt and the perceptions of default risk by fund providers, while board independence and board size do not have a significant impact on the cost of debt. The results provide insightful information for companies and policymakers. Companies can alter board composition through gender diversity, while policymakers can introduce new policies in encouraging the presence of female directors on boards. Originality/value – This study primarily enriches the literature on the effect of board diversity on debt financing cost in a leading emerging market, enabling companies in emerging markets to better mitigate agency costs and finance their investment through effective board composition. Second, it provides evidence that financial institutions consider companies with chairwomen and women directors on the boards less risky and charge them less for debt financing than they do for companies with man chairperson. Finally, the results support policymakers to take actions to increase female presence on board.