Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from  Developing Countries

Füsun Küçükbay

Makale detayları

Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries

Yazarlar:

Füsun Küçükbay

Yayıncı:

Istanbul University

Ana Başlıklar:

Ekonomi

Dergi:

Journal of Economy Culture and Society Issue 66, pp.307-319

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001282590

pISSN:

2645-8772

Anahtar kelimeler:

Özet:

 This study investigates whether the performance of the companies is affected when they are included in the Sustainability Index. The study deals with companies operating in Brazil and Turkiye, in this respect, the panel data analysis technique is applied. ROA Return On Assets is used for the dependent variable, while independent variables are debtequity ratio, company size, operational ratio and the Sustainability Index. The results of the study reveal that taking part in the Sustainability Index has a statistically significant positive effect on profitability for both Brazil and Turkiye. When the other results are analyzed, it is seen that there is a negative relationship between the debt  equity ratio and ROA for the case of Turkiye.

 This study investigates whether the performance of the companies is affected when they are included in the Sustainability Index. The study deals with companies operating in Brazil and Turkiye, in this respect, the panel data analysis technique is applied. ROA Return On Assets is used for the dependent variable, while independent variables are debtequity ratio, company size, operational ratio and the Sustainability Index. The results of the study reveal that taking part in the Sustainability Index has a statistically significant positive effect on profitability for both Brazil and Turkiye. When the other results are analyzed, it is seen that there is a negative relationship between the debt  equity ratio and ROA for the case of Turkiye.

 This study investigates whether the performance of the companies is affected when they are included in the Sustainability Index. The study deals with companies operating in Brazil and Turkiye, in this respect, the panel data analysis technique is applied. ROA Return On Assets is used for the dependent variable, while independent variables are debtequity ratio, company size, operational ratio and the Sustainability Index. The results of the study reveal that taking part in the Sustainability Index has a statistically significant positive effect on profitability for both Brazil and Turkiye. When the other results are analyzed, it is seen that there is a negative relationship between the debt  equity ratio and ROA for the case of Turkiye.

 This study investigates whether the performance of the companies is affected when they are included in the Sustainability Index. The study deals with companies operating in Brazil and Turkiye, in this respect, the panel data analysis technique is applied. ROA Return On Assets is used for the dependent variable, while independent variables are debtequity ratio, company size, operational ratio and the Sustainability Index. The results of the study reveal that taking part in the Sustainability Index has a statistically significant positive effect on profitability for both Brazil and Turkiye. When the other results are analyzed, it is seen that there is a negative relationship between the debt  equity ratio and ROA for the case of Turkiye.

Makale detayları

Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries

Yazarlar:

Füsun Küçükbay

Yayıncı:

Istanbul University

Ana Başlıklar:

Ekonomi

Dergi:

Journal of Economy Culture and Society Issue 66, pp.307-319

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001282590

pISSN:

2645-8772

Sustainability Index

Financial Performance

Panel Data Analysis

Sayı

Makale detayları

Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries

Yazarlar: Füsun Küçükbay

Yayıncı: Istanbul University

Ana Başlıklar: Ekonomi

Dergi: Journal of Economy Culture and Society Issue 66, pp.307-319

Belge Tipi: Makale

Yayın Tarihi: 1/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001282590

pISSN: 2645-8772

Sustainability Index

Financial Performance

Panel Data Analysis

Sayı

Yazarlar:

Füsun Küçükbay

Yayıncı:

Istanbul University

Ana Başlıklar:

Ekonomi

Dergi:

Journal of Economy Culture and Society Issue 66, pp.307-319

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001282590

pISSN:

2645-8772