Kurumsal Sürdürülebilirlik Performansı, Borç Finansman Maliyetini Etkiler Mi? Borsa İstanbul Örneği

Yıl 2024, Cilt: 12 Sayı: 1, 45 - 66, 09.12.2024

Elham Khakipour Dizaj

https://doi.org/10.18825/iremjournal.1481382

Öz

Bu çalışmada, Borsa İstanbul (BIST) 100 endeksinde yer alan finansal olmayan şirketlerin kurumsal Sürdürülebilirlik performansının (KSP) şirketlerin borçlanma maliyetleri üzerindeki etkisi incelencektir. 2014-2019 yılları arası 87 firma ve 413 gözlemden oluşan veriler, panel veri analizi yöntemi kullanılarak analiz edilmiştir. Kurumsal sürdürülebilirlik performansı olarak şirketlerin Borsa İstanbul Sürdürülebilirlik Endeksinde (BIST SE) yer alması kriter olarak belirlenmiştir. Bulgular, KSP'nin borç maliyetini düşürdüğünü ve fon sağlayıcıların iflas riski algılamalarını azalttığını göstermektedir.

Anahtar Kelimeler

Kurumsal Sürdürülebilirlik Performansı, Borç Maliyet, Borsa İstanbul.

Destekleyen Kurum

YOk

Does Corporate Sustainability Performance Affect Debt Financing Cost? Borsa Istanbul Example

Öz

In this study, the impact of the corporate Sustainability performance (CSP) of non-financial companies listed on the Borsa Istanbul (BIST) 100 index on the borrowing costs of companies will be examined. Data consisting of 87 firms and 413 observations for the years 2014-2019 were analyzed using the panel data analysis method. The inclusion criterion for corporate sustainability performance is determined as the companies presence in the Borsa Istanbul Sustainability Index (BIST SE). The findings indicate that CSP reduces borrowing costs and reduces perceived bankruptcy risk by fund providers.

Anahtar Kelimeler

Corporate Sustainability Performance, Cost Of Debt, Borsa Istanbul.

Kaynakça

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