KOBIYON – About the Project
- Both in developed and developing countries, Small and Medium-Sized Enterprises (SMEs) have a vital role in countries’ economies in terms of the high number of enterprises, their capacity to create employment, the value they add to the country’s economy, and the contribution they make to countries’ macroeconomic growth targets.
- Because of this critical role SMEs have in countries’ economies, determining the factors that will positively affect the performance and growth of SMEs in local and international markets is significant both in the academic and professional business worlds.
- Accordingly, our project aims to analyze the impact of SMEs’ corporate governance practices on their financial performance and internationalization processes.
Our project team started to work in September 2021 under the leadership of our experienced project coordinator, who had previously conducted empirical studies on the performances of large and publicly traded companies in Europe and Turkey. In addition to our two Ph.D.-level researchers who focus their work on management & organizations and finance fields, our team continues its research on SMEs in a multi-faceted manner with our undergraduate scholars included in our project.
- Our project entitled “The Impact of Corporate Governance on Access to Finance and the Effect of Access to Finance on Performance and Internationalization of SMEs in Turkey” is funded by the TUBITAK 3501 Career Development Program.
- Our project is expected to significantly contribute to the relevant literature with the survey study specifically designed for this research and implemented on a country-wide scale.
- In this regard, primary data is collected from ten different cities and five different sectors where SMEs mainly operate, with the ultimate purpose of reaching a representation of the general SME population in Turkey.
- Moreover, we employ the stratified sampling approach, which ensures that various-sized SMEs, i.e., micro, small, and mid-sized enterprises, are proportionately represented in the sample according to their added-value creation rates.
- With this research and methodology, we aim to examine SMEs, which operate with different dynamics than large enterprises, from the corporate governance perspective.