TY  - JOUR
T1  - Çevresel, Sosyal ve Kurumsal Yönetim Faaliyetlerinin Nakit Bulundurma Politikasındaki Rolü: BIST Sürdürülebilirlik Endeksi Örneği
TT  - The Role of Environmental, Social, and Corporate Governance Activities in Cash Holding Policies: The Case of the BIST Sustainability Index
AU  - Güneysu, Yusuf
PY  - 2023
DA  - August
DO  - 10.26650/MED.1314375
JF  - Journal of Accounting Institute
JO  - MED
PB  - Istanbul University
WT  - DergiPark
SN  - 2602-3202
SP  - 45
EP  - 56
IS  - 69
LA  - tr
AB  - Firmalar, ekonomik gelişme açısından önemli bir rol oynamakla birlikte üretim faaliyetlerini gerçekleştirmek için enerji kullanmakta ve çevre kirliliğine sebebiyet verebilmektedir. Çevre kirliliğinin artmasıyla birlikte toplumların doğanın korunması konusundaki bilinç düzeyi de artmaktadır. Bu durum çevresel sürdürülebilirliğin sağlanması noktasında firmalara önemli sorumluluklar yüklemektedir. Aynı şekilde yatırımcılar, yatırım kararı verirken finansal bilgiler ile birlikte finansal olmayan bilgileri de dikkate alabilmektedir. Bu nedenle finansal olmayan bilgi açıklamaları noktasında Çevresel, Sosyal ve Kurumsal Yönetim (ESG) bileşenleri kullanılmaktadır. Bu çalışma, hisse senetleri Borsa İstanbul (BIST) Sürdürülebilirlik Endeksi’nde işlem gören firmaların ESG performansının nakit bulundurma düzeyi üzerindeki etkisini analiz etmeyi amaçlamaktadır. Bu doğrultuda 2015-2021 dönemine ait veriler panel veri analizi kullanılarak tahmin edilmiştir. Çalışmanın sonucunda hem toplam ESG skorunun hem de ESG bileşenlerine ait skorların nakit bulundurma düzeyini pozitif yönde etkilediği saptanmıştır. Ayrıca nakit bulundurma düzeyi üzerinde finansal kaldıraç, piyasa değeri defter değeri oranı ve net çalışma sermayesinin pozitif, dağıtılmayan karların ise negatif bir etkisinin olduğu belirlenmiştir.
KW  - Nakit Bulundurma Düzeyi
KW  - ESG Skoru
KW  - BIST Sürdürülebilirlik
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UR  - https://doi.org/10.26650/MED.1314375
L1  - https://dergipark.org.tr/en/download/article-file/3208892
ER  -