Nexus Between Sustainability Reporting and Firm Performance: Considering Industry Groups, Accounting, and Market Measures

dc.authorid Keskin, Ayse İrem/0000-0002-9435-9801
dc.authorid DINCER, BANU/0000-0002-7101-5934
dc.authorid DINCER, CANER/0000-0002-8109-1412
dc.authorwosid Keskin, Ayse İrem/AAM-9456-2020
dc.contributor.author Dincer, Banu
dc.contributor.author Keskin, Ayşe İrem
dc.contributor.author Keskin, Ayse Irem
dc.contributor.author Dincer, Caner
dc.contributor.other Business Administration
dc.date.accessioned 2023-10-19T15:12:07Z
dc.date.available 2023-10-19T15:12:07Z
dc.date.issued 2023
dc.department-temp [Dincer, Banu; Dincer, Caner] Galatasaray Univ, Fac Econ & Adm Sci, Dept Business Adm, Ciragan Cad 36, TR-34349 Istanbul, Turkiye; [Keskin, Ayse Irem] Kadir Has Univ, Fac Econ Adm & Social Sci, Dept Business Adm, TR-34083 Istanbul, Turkiye en_US
dc.description.abstract The relationship between Sustainability Reporting and corporate financial performance is overlapping and multifaceted and it has been an interesting issue for both academics and professionals since the beginning of the millennium. Studies have found divergent results on this relation and the industrial differences are omitted in many papers. Moreover, studies considering developing countries are scarce. The purpose of this study is to shed light on the relationship between sustainability reporting and firm performance in a developing country context. The impact of sustainability reporting is investigated using pooled ordinary least square (OLS) method for panel data regression through two models based on Tobin's Q and ROA. A total of 920 observations for 46 companies with 3 different impact levels based on their environmental effect and 5-year quarterly panel data between 2016-2020. The research used data from Borsa Istanbul (Istanbul Stock Exchange) and also independent variables such as leverage, risk, size, current ratio, growth, sustainability reporting, and the environmental impact level of companies. The results showed that sustainability reporting has a significant positive impact on financial performance according to the ROA model, and a significant negative correlation between risk and financial performance according to both ROA and Tobin's Q models. Considering the environmental impact of companies, the results also reveal a positive relationship between high impact companies' sustainability reporting and short-term financial performance as ROA is an accounting-oriented measure that reveals the company's short-term financial performance. Further research should investigate the impact of sustainability reporting in different markets based on the impact level of companies and the development degree of countries. en_US
dc.identifier.citationcount 3
dc.identifier.doi 10.3390/su15075849 en_US
dc.identifier.issn 2071-1050
dc.identifier.issue 7 en_US
dc.identifier.scopus 2-s2.0-85152589189 en_US
dc.identifier.scopusquality Q1
dc.identifier.uri https://doi.org/10.3390/su15075849
dc.identifier.uri https://hdl.handle.net/20.500.12469/5345
dc.identifier.volume 15 en_US
dc.identifier.wos WOS:000970427800001 en_US
dc.khas 20231019-WoS en_US
dc.language.iso en en_US
dc.publisher Mdpi en_US
dc.relation.ispartof Sustainability en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 10
dc.subject Corporate Social-Responsibility
dc.subject Financial Performance
dc.subject Stakeholder Theory
dc.subject Corporate Social-Responsibility En_Us
dc.subject Risk-Management
dc.subject Financial Performance En_Us
dc.subject Stakeholder Theory En_Us
dc.subject Impact
dc.subject Risk-Management En_Us
dc.subject Governance
dc.subject Impact En_Us
dc.subject sustainability reporting en_US
dc.subject financial performance en_US
dc.subject Governance En_Us
dc.subject Tobin's Q en_US
dc.subject Pay
dc.subject ROA en_US
dc.subject Pay En_Us
dc.subject sustainability impact en_US
dc.title Nexus Between Sustainability Reporting and Firm Performance: Considering Industry Groups, Accounting, and Market Measures en_US
dc.type Article en_US
dc.wos.citedbyCount 10
dspace.entity.type Publication
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