TY - JOUR T1 - The Impacts of Corporate Disclosures Regarding Sustainable Development Goals and Environmental, Social, and Governance Scores of Companies on Financial Performance: The Case of Türkiye TT - İşletmelerin Sürdürülebilir Kalkınma Hedeflerine yönelik açıklamarı ile Çevresel, Sosyal ve Yönetişim skorlarının finansal performans üzerindeki etkisi: Türkiye örneği AU - Doğan, Seda AU - Başar, Ayşe Banu PY - 2025 DA - December Y2 - 2025 DO - 10.17153/oguiibf.1571557 JF - Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi PB - Eskişehir Osmangazi Üniversitesi WT - DergiPark SN - 1306-6730 SP - 813 EP - 838 VL - 20 IS - 3 LA - en AB - The aim of this study is to examine the impact of corporate disclosures regarding Sustainable Development Goals and Environmental, Social, and Governance (ESG) scores on financial performance. The findings reveal a positive relationship between the overall ESG score and social score with Return on Equity and Net Profit Margin. There is a positive relationship between the Environmental score and Return on Equity. Additionally, a causal relationship exists between the Environmental score and Earnings Before Interest and Taxes, Net Profit Margin, and Price/Earnings ratio. The Governance score shows a positive relationship with Return on Assets, Return on Equity, Tobin's Q, and Earnings Before Interest and Taxes. Furthermore, a causal relationship exists between the Governance score and Return on Assets and Return on Equity. Conversely, the level of disclosure score regarding Sustainable Development Goals is negatively related to Net Profit Margin and Price/Earnings ratio, while a causal relationship is present with Return on Assets. KW - ESG (environmental KW - social and governance) KW - Sustainable development goals (SDG’s) KW - Financial performance N2 - Bu çalışmanın amacı, işletmelerin sürdürülebilir kalkınma hedeflerine yönelik açıklamaları ile çevresel, sosyal ve yönetişim skorlarının finansal performans üzerindeki etkisini incelemektir. Bulgular, çevresel, sosyal ve yönetişim genel skor ve sosyal skor ile Özkaynak Kârlılığı ve Net Kâr Marjı arasında pozitif ilişki bulmuştur. Çevresel skor ile Özkaynak Kârlılığı arasında pozitif ilişki vardır. Çevresel skor ile Faiz ve Vergi Öncesi Kâr, Net Kâr Marjı ve Fiyat/Kazanç arasında nedensel ilişki vardır. Yönetişim skoru ile Aktif Kârlılığı, Özkaynak Kârlılığı, Tobin’in Q ve Faiz ve Vergi Öncesi Kâr arasında pozitif ilişki vardır. Yönetişim skoru ile Aktif Kârlılığı ve Özkaynak Kârlılığı arasında nedensel ilişki vardır. Sürdürülebilir kalkınma hedeflerine yönelik açıklama düzeyi skoru, Net Kâr Marjı ve Fiyat/Kazanç ile negatif ilişkili iken, Aktif Kârlılığı ile arasında nedensel ilişki bulunmaktadır. CR - Al Lawati, H.; Hussainey, K. (2022), “Does Sustainable Development Goals Disclosure Affect Corporate Financial Performance?”, Sustainability, 14(13), DOI:10.3390/su14137815 CR - Akyüz, H. E. (2023), "Yapısal Kırılmalı Durağanlık Testi ve Granger Nedensellik Analizi: Türkiye’de Kadın İntihar Oranının Ekonomik Değişkenler ile İlişkisi, Çevik, E. İ. & Kırcı Altınkeski, B. (eds.), Granger Nedensellik Sınamasında Yeni Yaklaşımlar. 19-35. DOI: https://doi.org/10.58830/ozgur.pub64.c177 CR - Amel-Zadeh, A.; Serafeim, G. (2018), “Why and how investors use ESG information: Evidence from a global survey”, Financial Analysts Journal, 74(3), 87-103, https://doi-org.offcampus.anadolu.edu.tr/10.2469/faj.v74.n3.2. CR - Amini, M.; Bienstock. C.C.; Narcum, J.A. 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