Sustainability Reporting and Firm Performance: An Implementation on BIST Sustainability Index

Hakan Ayhan Dağıstanlı; İlknur Çelik

Makale detayları

Sustainability Reporting and Firm Performance: An Implementation on BIST Sustainability Index

Yazarlar:

Hakan Ayhan Dağıstanlı | İlknur Çelik

Yayıncı:

Kütahya Dumlupinar University

Dergi:

Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 76, pp.1-16

Belge Tipi:

Makale

Yayın Tarihi:

4/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001288470

pISSN:

1302-1842

Anahtar kelimeler:

Özet:

 Global awareness of damage to nature has increased over the years as a result of the reflections of the technological developments in the production sector. Firms have started to prepare sustainability reports that include social and environmental issues apart from economic reports. Stakeholders follow not only the financial data of companies but also their sustainability activities. Studies indicate that companies that attach importance to sustainability are seen as valuable by investors. This has increased the research that affects the relationship between sustainability reporting and firm performance. The purpose of this study is to empirically examine whether the financial performance indicators of companies have an effect on publishing sustainability reports. The variables of Return on Assets, Return on Equity, Net Profit Margin, Size and Financial Leverage were used as the financial performance indicator. 351 firmyear data between the years 2014-2021 of 44 firms included in the BIST Sustainability Index was used. The effect of the variables in publishing sustainability report was analyzed with logistic regression method, which is used when the dependent variable is categorical. The results indicate that variables other than size do not have a significant effect, but companies tend to publish sustainability reports as their financial size increases.

 Global awareness of damage to nature has increased over the years as a result of the reflections of the technological developments in the production sector. Firms have started to prepare sustainability reports that include social and environmental issues apart from economic reports. Stakeholders follow not only the financial data of companies but also their sustainability activities. Studies indicate that companies that attach importance to sustainability are seen as valuable by investors. This has increased the research that affects the relationship between sustainability reporting and firm performance. The purpose of this study is to empirically examine whether the financial performance indicators of companies have an effect on publishing sustainability reports. The variables of Return on Assets, Return on Equity, Net Profit Margin, Size and Financial Leverage were used as the financial performance indicator. 351 firmyear data between the years 2014-2021 of 44 firms included in the BIST Sustainability Index was used. The effect of the variables in publishing sustainability report was analyzed with logistic regression method, which is used when the dependent variable is categorical. The results indicate that variables other than size do not have a significant effect, but companies tend to publish sustainability reports as their financial size increases.

 Global awareness of damage to nature has increased over the years as a result of the reflections of the technological developments in the production sector. Firms have started to prepare sustainability reports that include social and environmental issues apart from economic reports. Stakeholders follow not only the financial data of companies but also their sustainability activities. Studies indicate that companies that attach importance to sustainability are seen as valuable by investors. This has increased the research that affects the relationship between sustainability reporting and firm performance. The purpose of this study is to empirically examine whether the financial performance indicators of companies have an effect on publishing sustainability reports. The variables of Return on Assets, Return on Equity, Net Profit Margin, Size and Financial Leverage were used as the financial performance indicator. 351 firmyear data between the years 2014-2021 of 44 firms included in the BIST Sustainability Index was used. The effect of the variables in publishing sustainability report was analyzed with logistic regression method, which is used when the dependent variable is categorical. The results indicate that variables other than size do not have a significant effect, but companies tend to publish sustainability reports as their financial size increases.

 Dünyada yaşanan teknolojik gelişmelerin üretim sektöründeki yansımaları sonucunda doğaya verilen zarar kaynaklı küresel bilinç yıllar içinde artış göstermiştir. Firmalar, ekonomik rapor hazırlamak dışında, sosyal ve çevresel raporları içeren sürdürülebilirlik raporu hazırlamaya başlamıştır. Gelinen noktada paydaşlar firmaların sadece finansal verilerini değil sürdürülebilirlik faaliyetlerini de bu raporlar aracılığıyla takip etmek istemektedir. Yapılan araştırmalar, sürdürülebilirliğe önem veren firmaların yatırımcılar tarafından değerli görüldüğünü göstermektedir. Bu durum sürdürülebilirlik raporlaması ile firma performansı arasındaki ilişkiye etki eden araştırmaları artırmıştır. Bu çalışmanın amacı, firmaların finansal performans göstergelerinin sürdürülebilirlik raporu yayınlamada etkisinin olup olmadığını ampirik olarak incelemektir. Finansal performans göstergesi olarak Aktif Karlılık Oranı, Özkaynak Karlılık Oranı, Net Kar Marjı, Büyüklük ve Finansal Kaldıraç değişkenleri kullanılmıştır. Çalışmada BIST Sürdürülebilirlik Endeksinde yer alan 44 firmanın 2014-2021 yılları arasındaki 351 firmayıl verisi kullanılmıştır. Finansal performans göstergelerinin sürdürülebilirlik raporu yayınlamada etkisi bağımlı değişkenin kategorik olduğu durumlarda başvurulan lojistik regresyon yöntemi ile analiz edilmiştir. Elde edilen sonuçlar, finansal performans göstergelerinden büyüklük dışındaki değişkenlerin anlamlı etkisinin olmadığını ancak firmaların finansal büyüklüğü arttıkça sürdürülebilirlik raporu yayınlama eğiliminde olduklarını göstermektedir.

Makale detayları

Sustainability Reporting and Firm Performance: An Implementation on BIST Sustainability Index

Yazarlar:

Hakan Ayhan Dağıstanlı | İlknur Çelik

Yayıncı:

Kütahya Dumlupinar University

Dergi:

Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 76, pp.1-16

Belge Tipi:

Makale

Yayın Tarihi:

4/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001288470

pISSN:

1302-1842

Sustainability reporting

financial performance

Borsa Istanbul (BIST)

logistics regression.Sürdürülebilirlik raporlaması

finansal performans

Borsa İstanbul (BİST)

lojistik regresyon.

Sayı

Makale detayları

Yazarlar: Hakan Ayhan Dağıstanlı | İlknur Çelik

Yayıncı: Kütahya Dumlupinar University

Dergi: Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 76, pp.1-16

Belge Tipi: Makale

Yayın Tarihi: 4/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001288470

pISSN: 1302-1842

Sayı

Yazarlar:

Hakan Ayhan Dağıstanlı | İlknur Çelik

Yayıncı:

Kütahya Dumlupinar University

Dergi:

Dumlupınar Üniversitesi Sosyal Bilimler Dergisi Issue 76, pp.1-16

Belge Tipi:

Makale

Yayın Tarihi:

4/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001288470

pISSN:

1302-1842