GRI UYUMLU SÜRDÜRÜLEBİLİRLİK RAPORLAMASINDA FİRMA DÜZEYİNDE BELİRLEYİCİ FAKTÖRLER

Yıl 2021, Cilt: 14 Sayı: 2, 541 - 567, 01.07.2021

Sinem Ateş

https://doi.org/10.29067/muvu.771816

Cited By: 2

Öz

Bu çalışmada Türkiye’deki firmaların Küresel Raporlama Girişimi (Global Reporting Initiative – GRI) raporlama ilkelerine uygun olarak sürdürülebilirlik raporu yayımlama oranını etkileyen firma düzeyindeki faktörleri tespit etmek amaçlanmıştır. Bu amaçla, firmaların 2009-2017 yılları arasındaki finansal verileri Datastream veri tabanından, GRI uyumlu raporlama bilgileri ise GRI’nin Sürdürülebilirlik Bilgilendirme veri tabanından elde edilmiş ve firma-yıl bazında birleştirilen bu veriler panel lojistik regresyon yöntemi ile analiz edilmiştir. Regresyon analizi sonuçları, firma büyüklüğü ve karlılığı ile GRI uyumlu sürdürülebilirlik raporu yayımlama oranı arasında anlamlı ve pozitif bir ilişki olduğunu göstermektedir. Finansal kaldıraç oranı, sermaye harcamalarının satışa oranı ve hisse başına serbest nakit akış oranı ise GRI uyumlu raporlama ile ilişkili olmayan finansal performans göstergeleri olarak tespit edilmiştir. Ayrıca GRI uyumlu raporlama düzeyinin firmaların faaliyet gösterdikleri sektörlere bağlı olarak değişiklik gösterdiği de araştırma bulguları arasındadır. Bu araştırmanın bulguları firmalara ve düzenleyici otoritelere, Türkiye’deki firmaların sürdürülebilirlik raporlamasında uluslararası standartlara uyum düzeyi ve bu düzeyi etkileyen faktörler hakkında fikir vermektedir.

Anahtar Kelimeler

GRI Uyumlu Sürdürülebilirlik Raporlaması, Küresel Raporlama Girişimi, Finansal Performans Göstergeleri, Panel Lojistik Regresyon

FIRM-LEVEL DETERMINANTS OF SUSTAINABILITY REPORTING BASED ON GRI GUIDELINES

Öz

Through this study, it was aimed to determine the firm-level factors affecting the likelihood of publishing sustainability reports prepared in accordance with the Global Reporting Initiative (GRI) reporting guidelines. For this purpose, financial data of the Turkish companies for 2009-2017 were gathered from Datastream database and GRI-based reporting data of the firms were obtained from GRI Sustainability Disclosure Database, then these two datasets were combined on the firm-year basis and analyzed by panel logistic regression method. The results of the regression analysis show that there is a significant and positive relationship between firm size and profitability and the likelihood of publishing GRI based sustainability report. On the other hand, financial leverage ratio, the ratio of capital expenditures to sales, and free cash flow per share are determined as the financial indicators which do not have a significant correlation with GRI-based reporting. It is also found that the level of GRI based reporting varies depending on the sectors of the companies. The findings of this research provide evidence for the level of Turkish firms’ compliance with international standards of sustainability reporting and the driving factors of this process.

Anahtar Kelimeler

GRI Based Sustainability Reporting, Global Reporting Initiative, Financial Performance Indicators, Panel Logistic Regression

Kaynakça

• Babbie, E. R. (2015). The Practice of Social Research. Nelson Education.
• Baltagi, B. H. (2005). Econometric Analysis of Panel Data. England: John Wiley & Sons Ltd.
• Calace, D. (2014). Disclosure in Non-Financial Reports as Strategic Leverage: Can It Increase Firms’ Value?. European Journal of Economıcs and Management, 7.
• Düzer, M., & Önce, S. (2017). Kurumsal Sürdürülebilirlik Raporlaması ve Finansal Performans: BİST’te İşlem Gören Şirketler İçin Karşılaştırmalı Bir Analiz. Bilecik Şeyh Edebali Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 2(2), 637-648.
• Fuente, J. A., García-Sanchez, I. M., & Lozano, M. B. (2017). The role of the board of directors in the adoption of GRI guidelines for the disclosure of CSR information. Journal of Cleaner Production, 141, 737-750.
• Global Reporting Initiative (GRI). (2020). GRI’s History. https://www.globalreporting.org/information/about-gri/gri history/Pages/GRI's%20history.aspx.
• Handoyo, S. (2020). The Determinants of Corporate Social Responsibility Disclosure: Empirical Evidence from Indonesia Listed Firms. Journal of Accounting Auditing and Business, 3(1), 147-160.
• Hsiao, Cheng (2003). Analysis of Panel Data (2nd Edition). Cambridge: Cambridge University Press.
• Iyer, V., & Lulseged, A. (2013). Does family status impact US firms' sustainability reporting?. Sustainability Accounting, Management and Policy Journal, 4(2), 163-189.
• Johal, P. (2018). Corporate reporting: from Numbers to Narrative. . E. Conway, D. Byrne (Eds.), Contemporary Issues in Accounting (pp. 15-35). Cham, Switzerland: Palgrave Macmillan.
• Karaman, A. S., Kilic, M., & Uyar, A. (2018). Sustainability reporting in the aviation industry: worldwide evidence. Sustainability Accounting, Management and Policy Journal, 9(4), 362-391.
• Kılıç, M., & Kuzey, C. (2020). The Influence of Board Structure on GRI-Based Sustainability Reporting: Evidence from Turkish Listed Companies. In Saidon, I. M., & Said, R. (Eds.). Ethics, Governance and Risk Management in Organizations (s. 109-129). Springer, Singapore.
• KPMG, I. (2013). The KPMG Survey of Corporate Responsibility Reporting 2013. https://assets.kpmg/content/dam/kpmg/pdf/2013/12/corporate-responsibility-reporting-survey-2013.pdf.
• KPMG, I. (2015). The KPMG Survey of Corporate Responsibility Reporting 2015. https://home.kpmg/content/dam/kpmg/pdf/2015/12/KPMG-survey-of-CR-reporting-2015.pdf.
• KPMG, I. (2017). The KPMG Survey of Corporate Responsibility Reporting 2017. https://assets.kpmg/content/dam/kpmg/xx/pdf/2017/10/kpmg-survey-of-corporate-responsibility-reporting-2017.pdf.
• Kristensen, K., & Westlund, A. (2003). Valid and reliable measurements for sustainable non-financial reporting. Total Quality Management & Business Excellence, 14(2), 161-170.
• Kuzey, C., & Uyar, A. (2017). Determinants of sustainability reporting and its impact on firm value: Evidence from the emerging market of Turkey. Journal of Cleaner Production, 143, 27-39.
• Menard, S. (1995). Sage university paper series on quantitative applications in the social sciences. Applied Logistic Regression Analysis, 07-106.
• Once, S., Onay, A., & Yesilcelebi, G. (2015). Corporate sustainability reporting and situation in Turkey. Journal of Economics Finance and Accounting, 2(2), 230-252.
• PricewaterhouseCoopers (PWC). (2007). Business Review: has it made a difference? A survey of the narrative reporting practices of the FTSE 350. https://pwc.blogs.com/files/ftse-350-business-review-survey-final.pdf.
• Reifman, A. ve Keyton, K. (2010). Winsorize. N. J. Salkind (Ed.), Encyclopedia of research design (s. 1636 –1638). Thousand Oaks, CA: Sage.
• Smith, S. S. (2014). Integrated reporting, corporate governance, and the future of the accounting function. International Journal of Business and Social Science, 5(10), 58-63.
• Şahin, Z., & Çankaya, F. (2018). Türkiye'de GRI Rehberine Göre Hazırlanan Sürdürülebilirlik Raporlarının İçerik Analizi. World of Accounting Science, 20(4), 860-879.