The impact of the applicability of transparency and accountability priciples in public and private hospitals on corporate performance

In this study, the impact of the appicability of transparency and accountability principles in public and private hospitals on corporate performance and the intermediate variable role of corporate sustainability and stakeholder participation in this impact were investigated. It is one of the first comprehensive studies in health industry. Research data were collected by survey medhod. In this survey, the transparency and accountability statements were prepared based on the scale of CLSA, corporate sustainability statements were prepared based on the scale of CSAQ scale, and the stakeholder engagement and corporate performance evaluation statements were prepared based on the reliability and validity from the scales has been tested in several studies. The data obtained from 351 managers working in public and private hospitals in Istanbul by using SPSS version 16.0 for Windows were subjected to factor and reliability analyses. As a result of the multiple regression analyses that were applied to test the hypothesis, it was found out that the transparency and accountability priciples had a positive impact on good governance elements but had a partial impact on corporate performance. Moreover, it was found out that the corporate sustainability and stakeholder engagement had intermediate variable roles in the principles of transparency and accountability on corporate performance. Finally, recommendations are given for the managers and the researchers.