Do Corporate Governance Index Companies Outperform Others? : Evidence From Turkey

A recent academic work conducted by Evren Dilek Sengur from Istanbul University showed that companies that are part of Corporate Governance Index have no difference than their peers listed in ISE-50 index in terms of performance calculated in ROA & TobinQ.

Analysis conducted with the 31 companies listed in Corporate Governance Index (corporate governance index companies) and 36 companies listed in ISE-50 which are not listed in Corporate Governance Index (non-corporate governance index companies).

However in 2011, corporate governance index have outperformed ISE-100 index by 5% so far.