TY  - JOUR
T1  - Effect of Accounting and ESG Controversies on Financial Performance: Moderating Effect of ESG
TT  - Muhasebe ve ESG Tartışmalarının Finansal Performans Üzerindeki Etkisi: ESG’nin Düzenleyici Rolü
AU  - Çek, Kemal
PY  - 2025
DA  - May
Y2  - 2025
DO  - 10.25295/fsecon.1556525
JF  - Fiscaoeconomia
JO  - FSECON
PB  - Ahmet Arif EREN
WT  - DergiPark
SN  - 2564-7504
SP  - 1213
EP  - 1224
VL  - 9
IS  - 2
LA  - en
AB  - This study unveils the crucial impact of ESG (Environmental, Social and Governance) performance on controversies and the firm performance nexus for companies listed in S&P1500. We measure firm performance regarding market-based (Tobin’s Q) and profitability-based (ROA) performance, while controversies are gauged by accounting and ESG-related issues. To achieve the highest level of accuracy, we employ the System Generalized Method of Moments (GMM) estimation to address for endogeneity. The key findings reveal a positive interaction effect between lagged ESG and controversies about market-based performance. However, lagged ESG does not significantly impact profitability-based performance measures in the context of controversies.
KW  - Accounting Controversies
KW  - ESG Controversies
KW  - ESG
KW  - Market Based Performance
KW  - Profitability Based Performance
N2  - Bu çalışma, S&P1500'de listelenen şirketler için ESG performansının tartışmalar ve şirket performansı bağlantısı üzerindeki etkisini ölçmektedir. Şirket performansı, piyasa bazlı (Tobin's Q) ve karlılık bazlı (ROA) performans olarak ölçülmekte, tartışmalar ise muhasebe ve ESG ile ilgili tartışmalar olarak değerlendirilmektedir. Endojeniteyi kontrol etmek için Sistem Genelleştirilmiş Momentler Metodu (GMM) tahmini kullanılmaktadır. Sonuçlar, gecikmeli ESG'nin tartışmalar ve piyasa bazlı performans arasında pozitif bir etkileşim etkisi gösterdiğini kanıtlamaktadır. Gecikmeli ESG, tartışmalar ve karlılık bazlı performans ölçümleri arasında önemli bir etki gösterememiştir.
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UR  - https://doi.org/10.25295/fsecon.1556525
L1  - https://dergipark.org.tr/tr/download/article-file/4242896
ER  -