Busyness and advising at Borsa Istanbul firms

In this study, we investigate director busyness and advising for firms quoted at Borsa Istanbul. We show that firms prefer not to appoint directors with multiple directorships and superior advising skills to monitoring positions, potentially as a result of a trade-off between the monitoring and advi...

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Main Authors: Emrah Arioğlu, Pinar Arioğlu Kaya
Format: Article
Language:English
Published: Elsevier 2015-06-01
Series:Borsa Istanbul Review
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2214845015000095
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spelling doaj-6a8034cf3caa40389ed779125dd67a692020-11-24T21:30:33ZengElsevierBorsa Istanbul Review2214-84502015-06-0115212613610.1016/j.bir.2015.01.001Busyness and advising at Borsa Istanbul firmsEmrah Arioğlu0Pinar Arioğlu Kaya1Çukurova Üniversitesi, TurkeyAdana Bilim ve Teknoloji Üniversitesi, TurkeyIn this study, we investigate director busyness and advising for firms quoted at Borsa Istanbul. We show that firms prefer not to appoint directors with multiple directorships and superior advising skills to monitoring positions, potentially as a result of a trade-off between the monitoring and advising functions of directors. In addition, we find that busy boards have higher advising capacity compared to non-busy boards. Also, we show that firms that have busy boards or higher advising qualities do not perform better or worse than firms that have non-busy boards or lower advising quality. Lastly, multivariate tests suggest that there is no significant relationship between board busyness or board advising quality and firm performance.http://www.sciencedirect.com/science/article/pii/S2214845015000095BusynessAdvisingCorporate governanceBorsa Istanbul
collection DOAJ
language English
format Article
sources DOAJ
author Emrah Arioğlu
Pinar Arioğlu Kaya
spellingShingle Emrah Arioğlu
Pinar Arioğlu Kaya
Busyness and advising at Borsa Istanbul firms
Borsa Istanbul Review
Busyness
Advising
Corporate governance
Borsa Istanbul
author_facet Emrah Arioğlu
Pinar Arioğlu Kaya
author_sort Emrah Arioğlu
title Busyness and advising at Borsa Istanbul firms
title_short Busyness and advising at Borsa Istanbul firms
title_full Busyness and advising at Borsa Istanbul firms
title_fullStr Busyness and advising at Borsa Istanbul firms
title_full_unstemmed Busyness and advising at Borsa Istanbul firms
title_sort busyness and advising at borsa istanbul firms
publisher Elsevier
series Borsa Istanbul Review
issn 2214-8450
publishDate 2015-06-01
description In this study, we investigate director busyness and advising for firms quoted at Borsa Istanbul. We show that firms prefer not to appoint directors with multiple directorships and superior advising skills to monitoring positions, potentially as a result of a trade-off between the monitoring and advising functions of directors. In addition, we find that busy boards have higher advising capacity compared to non-busy boards. Also, we show that firms that have busy boards or higher advising qualities do not perform better or worse than firms that have non-busy boards or lower advising quality. Lastly, multivariate tests suggest that there is no significant relationship between board busyness or board advising quality and firm performance.
topic Busyness
Advising
Corporate governance
Borsa Istanbul
url http://www.sciencedirect.com/science/article/pii/S2214845015000095
work_keys_str_mv AT emraharioglu busynessandadvisingatborsaistanbulfirms
AT pinararioglukaya busynessandadvisingatborsaistanbulfirms
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