Kurumsal Sosyal Sorumluluk ve Firma Riski: Borsa İstanbul’da Bir Uygulama

Yıl 2022, Cilt: 16 Sayı: 1, 87 - 106, 30.03.2022

Metin Borak Hatice Doğukanlı

https://doi.org/10.46520/bddkdergisi.1095681

Cited By: 1

Öz

Kurumsal sosyal sorumluluk (KSS) faaliyetlerinin firma riskini azaltması beklenmektedir. Çünkü KSS faaliyetlerinin özsermaye ve borç maliyetini, bilgi asimetrisini azaltırken
finansal performans ve firma itibarını artırdığı bilinmektedir. Bu çalışma, KSS’nin firma riski (toplam risk, sistematik risk ve sistematik olmayan risk) üzerindeki etkisini incelemektedir. Çalışmanın örneklemi, 2009-2020 yıllar arasında Borsa İstanbul’da faaliyet gösteren ve kurumsal yönetim derecelendirmesi yaptıran firmaları kapsamaktadır. Sonuç
olarak çalışmanın örneklemi 37 firma ve 339 gözlemden oluşmaktadır. Elde edilen bulgular, KSS’nin toplam, sistematik ve sistematik olmayan risk üzerinde istatistiksel olarak
anlamlı bir etkisi olmadığını göstermektedir. Elde edilen bu sonuçlar, açıklayıcı değişkenlerin bir yıl gecikmeli değerlerinin kullanılması durumunda da değişmemektedir.

Anahtar Kelimeler

Kurumsal sosyal sorumluluk, firma riski, sistematik risk, sistematik olmayan risk

Corporate Social Responsibility and Firm Risk: Evidence from Borsa Istanbul Stock Exchange

Öz

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