THE EFFECT OF CORPORATE GOVERNANCE AND ACCOUNTING KNOWLEDGE ON FIRM VALUE

Abstract

The aim of this study is to reveal the effect of corporate governance and accounting knowledge on firm value. The data required to test the hypotheses of the study were obtained from 29 publicly traded companies that were traded in the BIST between 2008-2019, outside the finance sector, and whose corporate governance scores were calculated by authorized institutions. The findings obtained from the analysis of the model designed using the Ohlson model show that the market values of the firms increase as both the accounting information and the corporate governance levels of the firms increase. In the model in which the effect of the elements of the corporate governance score is taken into account, in addition to the accounting information, it was concluded that only the board of directors component is significant. No statistical relationship was found between other corporate governance components such as shareholders, public disclosure and transparency, and stakeholders and firm value. These findings show that general corporate governance practices and especially strong board structures are important and that such information has a value relation for market participants.