Araştırma Makalesi

The Impact of Carbon Emissions on Firms’ Financial Performance: An Application in BIST Sustainability Index

Cilt: 38 Sayı: 1 26 Ocak 2024
İbrahim Sakın , İlker Kefe *
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Trends in Business and Economics Kapak Trends in Business and Economics
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The Impact of Carbon Emissions on Firms’ Financial Performance: An Application in BIST Sustainability Index

Abstract

The purpose of this study is to examine the carbon emission data of the firms listed in the Borsa Istanbul Sustainability Index in Turkey and analyze the relationship between carbon emissions and the financial performance of these firms. In this research, annual data for 31 firms listed in the Borsa Istanbul Sustainability Index for the period 2017–2020 were used. The relationship between the financial performance indicators of the firms and their carbon emissions was analyzed using a random effects panel data model. The dependent variables identified were return on assets and return on equity as measures of financial performance, while carbon emissions were consid- ered as the independent variable, along with control variables such as firm size, leverage ratio, firm growth, and firm value. The research findings indicate that carbon emissions have a negative impact on both return on assets and return on equity.

Keywords

BIST Sustainability Index , carbon emission , financial performance , panel data analysis , sustainability reporting

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

Finansal Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Yayımlanma Tarihi

26 Ocak 2024

Gönderilme Tarihi

3 Ağustos 2023

Kabul Tarihi

13 Ekim 2023

Yayımlandığı Sayı

Yıl 2024 Cilt: 38 Sayı: 1

DOI

https://doi.org/10.5152/TBE.2024.23215

IZ

https://izlik.org/JA24NA72WM

Content of this journal is licensed under a Creative Commons Attribution 4.0 International License

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