Corporate Governance in Turkey: an Overview and Some Policy Recommendations Introduction
نویسنده
چکیده
Both international and domestic developments have combined to bring the corporate governance (CG) debate to the fore in Turkey. On one hand, the CG debate at the international level had a ‘pull’ effect. It has drawn the attention of Turkish companies and policy-makers to the linkage between CG quality and sustainable development. On the other hand, domestic realities such as limited foreign direct investment (FDI), limited and highly volatile external portfolio investment, restructuring of the banking system, and the possible drying up of ‘easy credits’ from public or group banks, etc. had a ‘push’ effect. These developments and the crisis-prone macroeconomic environment have induced Turkish companies and policy-makers to start questioning the current corporate governance practice in Turkey.
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