THE MAJOR EFFECTS OF BASEL II TO SMALL AND MID-SIZED ENTERPRISES: AN EMPIRICAL WORK ON COMPANIES QUOTED TO KOSGEB.

The major aim of this work is to analyze the effects of BASEL II regulations on the small and mid-sized enterprises (SME) in Turkey. It is accepted that there are still various shortcomings of BASEL II implementation regarding the corporate governance (CG) and regulations in Turkish economy. The companies which are classified as SME and quoted to KOSGEB, i.e. a governmental organization supporting SMEs, are used in the empirical work. The empirical findings are discussed and compared with the major findings from other countries in the literature and also recommendations are made regarding BASEL II implementation and its effects on corporate governance and economic growth in Turkey. [ABSTRACT FROM AUTHOR]