Corporate Governance and Firm Performance - Comparative Study of Turkey and Egypt
1.0 Title
The working title of this research is initially drafted as: Corporate Governance and Firm Performance - Comparative Study of Turkey and Egypt. Basically, the research will investigate how corporate governance affects the performance of multinational companies in Turkey and Egypt. Notable is that corporate governance structure of companies stipulates the relationship among and between management, stockholders, creditors, employees, suppliers and customers, which are all important in determining the performance of any company.
2.0 Research Context
Corporate governance represents the principle of market value maximization which underpins the capitalism of shareholder. According to (2002), corporate governance is a part of economics that enables the investigation on securing or motivating effective management among industries and corporations through the employment of various mechanisms. These may come in the form of contacts, organizational structures and designs and legislations. The objective of corporate governance is mainly concentrated on the improvement of a corporation’s financial performance.
Corporate governance practices are typically use in promoting transparency and accountability. As always, listed companies are required to disclose their corporate governance practices and provide explanations regarding specific deviances of the code. states that the primary objective of sound corporate governance is to contribute to improved corporate performance and accountability in creating long-term shareholder value.
3.0 Study Objectives
The main purpose of the research is to investigate how corporate governance of companies in Turkey and Egypt contribute to the performance of the companies. The study will seek to accomplish the following specific objectives:
- To explore the role of corporate governance in achieving organisational objectives
- To understand the principles of corporate governance and its connection with organisational performance
- To evaluate the function of corporate governance in achieving economic efficiency for companies
4.0 Study Problem
The research will answer the key question which is: How corporate governance impacts the performance of companies in developing countries? In lieu with this, the study will answer the following research questions:
1) How do companies perceive the role of corporate governance in achieving organisational objectives?
2) How the principles of corporate governance contribute in performance optimization of companies?
3) How corporate governance contribute in achieving high levels of economic efficiency to companies?
5.0 Research Plan
The research strategy that the study will utilize is the descriptive method as it intends to present facts concerning the nature and status of a situation, as it exists at the time of the study and to describe present conditions, events or systems based on the impressions or reactions of the respondents of the research ( 1994). The researcher opted to use this kind of research considering the desire of the researcher to obtain first hand data from the respondents so as to formulate rational and sound conclusions and recommendations for the study.
For this cross-sectional research design, the researcher will gather data, collate published studies from different local and foreign universities and articles from social science journals; and make a content analysis of the collected documentary and verbal material. . In addition, after all the data has been collected, the researcher shall measure the responses based from the companies’ conduct of corporate governance as well as operations, practices, and performance.
The study shall use the annual report of respondent corporations to gather pertinent data. Moreover, the researcher shall also use previous studies and compare it to its existing data in order to provide conclusions and competent recommendations. The secondary sources of data will come from published articles from social science journals, theses and related studies on business, organizational administration and corporate governance. Acquiring secondary data are more convenient to use because they are already condensed and organized. Moreover, analysis and interpretation are done more easily.
The primary source of data will come from the data acquired from the annual reports of each respondent corporation. The primary data frequently gives the detailed definition of terms and statistical units used in the survey. These are usually broken down into finer classifications.
7.0 Timeframe
TASK
Weeks
1st
2nd
3rd
4th
5th
6th
7th
8th
9th
10th
11th
12th
Read literature
Finalize objectives
Draft literature review
Devise research approach
Review secondary data
Organize survey
Develop survey questions
Conduct survey
Analyze secondary and primary data
Evaluate data
Draft findings chapter
Complete remaining chapters
Submit to tutor and await feedback
Revise draft and format for submission
Print, bind and submit
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