Evaluation of Corporate Governance Maturity Level Performance through Multicriteria Decision Making Methods

The performance success of corporate governance standards and policies in Borsa İstanbul is demonstrated by the scalability of the corporate governance maturity level. The specific features of the markets and industries on which corporate governance principles and standards are implementation are cited as key factors affecting the success of corporate governance. Thus, measuring the effect of most different risk variables on corporate governance is a multi-criteria decision problem. In this study, the Corporate Governance Maturity Level data for the periods 2018-2022, which are publicly disclosed by the Merkezi Kayıt Kuruluşu, are used and the performance of the Corporate Governance Maturity Level of the company groups are analysed through Multicriteria Decision Making Methods. The CRITIC method was used to weigh the criteria, while the WASPAS, MARCOS, and COCOSO methods were used in their alternate rankings. Relationships between the ranking results of methods are determined using the Spearman correlation method. The correlation level between WASPAS and MARCOS method ranking results has been found to be high. The ranking results obtained through the WASPAS, MARCOS, and COCOSO methods have been found to differentiate between overall success scores and rankings calculated by the Merkezi Kayıt Kuruluşu A.Ş. (MKK).