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Rating based indexing of Istanbul Stock Exchange, lessons from its failure and Novo Mercado's sucess in to advance corporate governance reforms

Ararat, Melsa and Yurtoğlu, B. Burçin (2007) Rating based indexing of Istanbul Stock Exchange, lessons from its failure and Novo Mercado's sucess in to advance corporate governance reforms. [Working Paper / Technical Report] Sabanci University ID:SU_FMAN_2007/0010

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Abstract

This paper compares the objectives, processes and outcomes of different approaches adopted by BOVESPA and ISE for differentiating “better governed” firms listed on their respective boards. Novo Mercado of BOVESPA, launched at the end of December 2000, was able to attract over 30 companies within 5 years, whereas ISE CG Index, announced in February 2005, is not yet launched due to lack of interest from the issuers.

Item Type:Working Paper / Technical Report
Subjects:H Social Sciences > HJ Public Finance
ID Code:6559
Deposited By:Melsa Ararat
Deposited On:29 Oct 2007 22:53
Last Modified:29 Oct 2007 22:56

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