Do ex-bureaucrats on boards improve efficiency in intellectual capital? Evidence from an emerging country

OCAK M., Dalwai T., Altuk-Ozturk V. E., Arioglu E., Shahab Y., KABLAN A.

Borsa Istanbul Review, cilt.23, sa.5, ss.1111-1131, 2023 (SSCI, Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 23 Sayı: 5
  • Basım Tarihi: 2023
  • Doi Numarası: 10.1016/j.bir.2023.06.003
  • Dergi Adı: Borsa Istanbul Review
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, EconLit, Directory of Open Access Journals
  • Sayfa Sayıları: ss.1111-1131
  • Anahtar Kelimeler: Banks, Boards, Ex-bureaucrats, ICE
  • Trakya Üniversitesi Adresli: Evet

Özet

Relying on the resource dependence theory, this study investigates the effect on intellectual capital efficiency and its components of having board members who are former bureaucrats, using a sample of banks in Turkiye. The study uses a sample of 344 fırm-year observations of banks in Turkiye between 2005 and 2018 to investigate the relationship between ex-bureaucrat board members and intellectual capital efficiency. In addition to ordinary least squares (OLS), the curret study employs instrumental variables with a two-stage least squares model to mitigate potential endogeneity concerns. Our findings show that ex-bureaucrat board members have a significantly positive association with intellectual capital efficiency at banks in Turkiye.