ESG Sürdürülebilirliğinin Firma Performansına Etkisi: BİST Banka Endeksinde Büyüklük ve Yaşa Bağlı Bir İnceleme

Öz

Çalışmada çevresel, sosyal ve kurumsal yönetişim (ESG) skorları ile firma performansı ilişkisi ve bu ilişkide firma büyüklüğü ve firma yaşının moderatör rolünün olup olmadığının araştırılması amaçlanmıştır. Çalışmanın dönemi 2013-2021 olarak belirlenmiş olup, çalışmanın örneklemini BİST Banka Endeksi’nde faaliyet gösteren bankalar oluşturmaktadır. Geçekleştirilen panel veri analizi sonucunda ESG skorları ile firma performansı arasında istatistiksel olarak anlamlı ve pozitif yönlü ilişki, firma yaşı ve büyüklüğün ile firma performansı arasında ise istatistiksel olarak anlamlı ve negatif yönlü ilişki olduğu tespit edilmiştir. Ayrıca ESG skorları ile firma performansı ilişkisinde firma yaşının istatistiksel olarak anlamlı ve pozitif yönlü moderatör etkisi olduğu doğrulanırken, firma büyüklüğünün anlamlı bir moderatör etkisinin olmadığı görülmüştür. Dolayısıyla ilgili dönem ve örneklemde firmaların çevre ve sosyal sorumluluk ve uygun yönetişim gibi faktörler üzerinde çabalarının artmalarının finansal performansa olumlu yönde yansıdığını söylemek mümkündür.

Anahtar Kelimeler

• ESG
• Sürdürülebilirlik
• Firma Performansı
• Firma Yaşı
• Firma Büyüklüğü
• Bankalar

The Effect of ESG Sustainability on Firm Performance: A View under Size and Age on BIST Bank Index Firms

Öz

The goal of this study is to examine the relationship between environmental, social and governance (ESG) scores and firm performance and whether firm size and age moderating role in this relationship. The period of the study was determined as 2013-2021 and the sample is comprised of banks listed in the BIST Bank Index. The panel data analysis found a statistically significant and positive correlation between ESG scores and firm performance and a statistically significant and negative correlation between firm age and size and firm performance. In addition, while it was confirmed that firm age has a statistically significant and positive moderating effect in the relationship between ESG scores and firm performance, it was found that firm size does not have a significant moderating effect. Therefore, it is safe to say for the relevant period and sample that increased efforts of firms in environment, social responsibility, and proper governance have a positive influence on financial performance.

Anahtar Kelimeler

• ESG
• Sustainability
• Firm Performance
• Firm Age
• Firm Size
• Banks

Kaynakça

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