@article{article_400894, title={IMPACT OF SUSTAINABILITY PERFORMANCE OF COMPANY ON ITS FINANCIAL PERFORMANCE: AN EMPIRICAL STUDY ON BORSA ISTANBUL (BIST)}, journal={Dumlupınar Üniversitesi Sosyal Bilimler Dergisi}, pages={115–127}, year={2018}, author={Önder, Şerife}, keywords={Corporate Sustainability,Sustainability Reporting,Business Profitability}, abstract={<p class="MsoBodyText" style="margin-top:6pt;margin-right:5.4pt;margin-bottom:6pt;margin-left:5.4pt;text-align:justify;"> <span lang="en-us" style="font-size:10pt;" xml:lang="en-us">The aim of this study is to investigate the effect
of institutional <span style="letter-spacing:-.15pt;">sustainability, </span>the
reflection of cyclical economy concept at the macro level on business
organizations, on profitability through the organizations in <span style="letter-spacing:-.35pt;">Turkey. For </span>this reason, Multiple Linear
Regression Analysis <span style="letter-spacing:-.15pt;">was </span>applied with
the data of 33 business organizations preparing sustainability report according
to Global Reporting Initiative (GRI) and located in Istanbul stock exchange
(BIST). In this <span style="letter-spacing:-.2pt;">study, </span>in which
business organization profitability <span style="letter-spacing:-.15pt;">was </span>measured <span style="letter-spacing:-.2pt;">by </span>Return on Assets <span style="letter-spacing:-.15pt;">(ROA), </span>sustainability <span style="letter-spacing:-.15pt;">was </span>measured with five different variables
including both Overall Sustainability Rating and Community Employees,
Environmental and Governance Performance Rating which are subtitles. In this <span style="letter-spacing:-.2pt;">study, </span> <span style="letter-spacing:-.25pt;">two </span>different models were used considering sustainability measurement (from
both main topics and subtopics). After the analysis, it <span style="letter-spacing:-.15pt;">was </span>found out that sustainability applications in <span style="letter-spacing:-.25pt;">Turkey </span>affected profitability
statistically significant and positive <span style="letter-spacing:-.45pt;">way.  </span>It <span style="letter-spacing:-.15pt;">was </span>found out that this effect of sustainability resulted   from the environmental applications of the
business organization and environmental factors positively affected business
organization <span style="letter-spacing:.5pt;"> </span> <span style="letter-spacing:-.15pt;">profitability. </span> </span> <span lang="en-us" style="font-size:10pt;" xml:lang="en-us"> </span> </p> <p> </p>}, number={56}, publisher={Kütahya Dumlupinar University}