Research Article

CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX

Volume: 23 Number: 1 March 31, 2021
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CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX

Abstract

This study examined the link between the membership of the Borsa Istanbul Sustainability Index (BIST SI) and corporate social performance proxied by the overall environmental, social, and governance (ESG) scores. Based on this purpose, panel data methods were used to analyze the data of the listed firms in Borsa Istanbul for the years between 2014 – 2018. The main results suggest that compared to their counterparts, the firms included in the BIST SI have higher performance in ESG issues even when controlling for the firm size, financial risk, profitability, and capital expenditures.

Keywords

References

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  2. Avetisyan, E. and Hockerts, K. 2017. “The Consolidation of The ESG Rating Industry as an Enactment of Institutional Retrogression”, Business Strategy and the Environment, 26(3), 316-330.
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  4. Chatterji, A.K., Durand, R., Levine, D.I. and Touboul, S. 2016. “Do Ratings of Firms Converge? Implications for Managers, Investors and Strategy Researchers”, Strategic Management Journal, 37(8), 1597-1614.
  5. Dorfleitner, G., Halbritter,G. and Nguyen, M. 2015. “Measuring the Level and Risk of Corporate Responsibility–An Empirical Comparison of Different ESG Rating Approaches”, Journal of Asset Management, 16(7), 450-466.
  6. Drempetic, S., Klein, C. and Zwergel, B. 2019. “The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review”, Journal of Business Ethics, 1-28.
  7. Escrig-Olmedo, E., Fernández-Izquierdo, M.A., Ferrero-Ferrero, I., Rivera-Lirio, J.M. and Muñoz-Torres, M.J. 2019. “Rating the Raters: Evaluating How ESG Rating Agencies Integrate Sustainability Principles”, Sustainability, 11(3), 915.
  8. Escrig-Olmedo, E., Muñoz-Torres, M.J. and Fernandez-Izquierdo, M.A. 2010. “Socially Responsible Investing: Sustainability Indices, ESG Rating and Information Provider Agencies”, International Journal of Sustainable Economy, 2(4), 442-461.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Authors

Publication Date

March 31, 2021

Submission Date

May 28, 2020

Acceptance Date

December 1, 2020

Published in Issue

Year 2021 Volume: 23 Number: 1

DOI

https://doi.org/10.31460/mbdd.744584

IZ

https://izlik.org/JA22UX24NE

Cite

RIS / Bibtex
APA
Ateş, S. (2021). CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX. Muhasebe Bilim Dünyası Dergisi, 23(1), 48-60. https://doi.org/10.31460/mbdd.744584
AMA
1.Ateş S. CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX. MODAV-MBDD. 2021;23(1):48-60. doi:10.31460/mbdd.744584
Chicago
Ateş, Sinem. 2021. “CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX”. Muhasebe Bilim Dünyası Dergisi 23 (1): 48-60. https://doi.org/10.31460/mbdd.744584.
EndNote
Ateş S (March 1, 2021) CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX. Muhasebe Bilim Dünyası Dergisi 23 1 48–60.
IEEE
[1]S. Ateş, “CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX”, MODAV-MBDD, vol. 23, no. 1, pp. 48–60, Mar. 2021, doi: 10.31460/mbdd.744584.
ISNAD
Ateş, Sinem. “CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX”. Muhasebe Bilim Dünyası Dergisi 23/1 (March 1, 2021): 48-60. https://doi.org/10.31460/mbdd.744584.
JAMA
1.Ateş S. CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX. MODAV-MBDD. 2021;23:48–60.
MLA
Ateş, Sinem. “CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX”. Muhasebe Bilim Dünyası Dergisi, vol. 23, no. 1, Mar. 2021, pp. 48-60, doi:10.31460/mbdd.744584.
Vancouver
1.Sinem Ateş. CORPORATE SOCIAL PERFORMANCE SCORES OF THE FIRMS IN SUSTAINABILITY INDEX. MODAV-MBDD. 2021 Mar. 1;23(1):48-60. doi:10.31460/mbdd.744584

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