Nevşehir Hacı Bektaş Veli Üniversitesi SBE Dergisi 2149-3871 Nevşehir Hacı Bektaş Veli Üniversitesi 10.30783/nevsosbilen.1827168 Environment and Climate Finance Finance Çevre ve İklim Finansmanı Finans Yeşil ve finansal performans endeksi: Turizm sektöründeki şirket performansını karşılaştırmak için bileşik bir endeks Green and financial performance index: A composite index to compare firm performance in the tourism sector https://orcid.org/0000-0002-9446-4265 Mutlu Filiz CANAKKALE ONSEKIZ MART UNIVERSITY https://orcid.org/0000-0001-5349-7282 Güdük Tanju CANAKKALE ONSEKIZ MART UNIVERSITY 12 30 2025 15 4 2297 2311 11 20 2025 12 24 2025 Copyright © 2011, Nevşehir Hacı Bektaş Veli Üniversitesi SBE Dergisi 2011 Nevşehir Hacı Bektaş Veli Üniversitesi SBE Dergisi

Finansal sistemde çevresel kaygılar giderek daha önemli hale gelmektedir. Bu çalışma, çevresel ve finansal göstergelerin finansal yönetim üzerindeki bütünsel etkisini ölçmek ve firmaların genel performansını değerlendirmek için Yeşil ve Finansal Performans Endeksi (Green and Financial Performance Index-GFPI) adlı bir bileşik endeks geliştirmeyi amaçlamaktadır. Geliştirilen endeksin etkinliği, TOPSIS yöntemi kullanılarak turizm sektörü örneğinde test edilmiştir. Mandarin Oriental Hotel Group'un 2014-2023 yılları arasındaki kamuya açık finansal ve sürdürülebilirlik raporları, her yıl için GFPI puanını elde etmek amacıyla incelenmiştir. Analiz sonucunda 2015, 2016 ve 2017 yıllarının en yüksek puanları aldığı, 2020, 2021 ve 2023 yıllarının ise en düşük sonuçları aldığı görülmektedir. "Yeşil performans" ve "finansal performans" boyutlarından oluşan GFPI, yatırımcılara, finans yöneticilerine ve araştırmacılara şirketlerin finansal karar alma süreçlerine rehberlik edecek kapsamlı bir performans ölçüm aracı sunmaktadır.

Environmental concerns have become increasingly crucial in the financial system. This study aims to develop a composite index, the Green and Financial Performance Index (GFPI), to measure the holistic impact of environmental and financial indicators on financial management and to evaluate the overall performance of firms. The efficacy of the developed index was tested in the tourism sector utilizing the Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) method. The publicly available financial and sustainability reports of the Mandarin Oriental Hotel Group from 2014 to 2023 were examined to obtain the GFPI score for each year. The results revealed that 2015, 2016, and 2017 achieved the highest scores, while the years 2020, 2021, and 2023 recorded the lowest. Consisting of "green performance" and "financial performance" dimensions, the GFPI provides investors, financial managers, and researchers with a comprehensive performance measuring instrument to guide companies' financial decision-making processes.

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