TY - JOUR T1 - Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries AU - Küçükbay, Füsun AU - Güler, Begüm PY - 2023 DA - January DO - 10.26650/JECS2021-927156 JF - Journal of Economy Culture and Society PB - Istanbul University WT - DergiPark SN - 2645-8772 SP - 307 EP - 319 IS - 66 LA - en AB - 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 debt/equity 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. 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