Sustainability accounting and corporate social responsibility in Turkey and in its region

Akdoğan, Nalan; Selimoğlu, Seval Kardeş; Turkcan, Medine

doi:10.24818/jamis.2020.01001

Cited by 11 publications

(6 citation statements)

References 6 publications

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“…Studies on the relationship between ESG disclosure and financial performance in the banking sector have provided conflicting findings. Many studies have demonstrated a positive relationship for banks in developed and developing countries (Akdogan et al , 2020; Buallay et al , 2021; Cornett et al , 2016; Oino, 2019; Shen et al , 2016; Wu and Shen, 2013) while other studies have tested no significant relationship between ESG and financial performance for banks at the country level (i.e. Matuszak and Różańska, 2017; Soana, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

ESG dimensions and bank performance: an empirical investigation in Italy

Menicucci

Paolucci

2022

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Purpose This study aims to investigate the impact of environmental performance, social responsibility and corporate governance (ESG) on bank performance (BP) in the Italian banking sector. It analyzes the relationships between 10 dimensions of ESG pillars and BP indicators during the period 2016–2020. Design/methodology/approach This study examines a sample of 105 Italian banks and develops three econometric models to verify the effect of ESG initiatives on BP indicators. The independent variables are the ESG dimensions collected from the Refinitiv database, whereas the explanatory variables are performance indicators measured through accounting and market variables. Findings The findings show that ESG policies negatively affect operational and market performance in the banking sector, suggesting that Italian banks have not fully embraced strong sustainability procedures. However, the relationships between ESG dimensions are mixed if measured individually. The results show a significant positive impact of emission and waste reductions on financial and operating performance, but regarding social aspects, it is proved that better product responsibility decreases accounting performance. Research limitations/implications This study offers an in-depth examination of ESG practices in relation to current and future performance. In particular, the findings provide practitioners and academics with an actual set of predictors in the ESG area to improve BP. Originality/value To the best of the authors’ knowledge, this is the only study that has investigated the impact of ESG issues on BP in Italy. Few prior studies have used all dimensions of ESG policies at a disaggregated level to investigate their effect on various performance indicators.

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Section: Literature Reviewmentioning

confidence: 99%

ESG dimensions and bank performance: an empirical investigation in Italy

Menicucci

Paolucci

2022

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“…The study by Akdogan et al (2020) Comparing 882 banks in developed and developing countries, Buallay et al (2020) found that ESG improves banks' accounting and market-based performance in developed countries, supporting value creation theory; and that ESG weakens banks' performance in developed and developing countries. Interestingly, some research results (Matuszak & R oza nska, 2017;Soana, 2011) indicate no significant relationship between ESG disclosure and FP at country level.…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 81%

“…The study by Akdogan et al (2020) of banking in Turkey supports the idea that different countries understand CSR differently, depending on their social structure and level of economic development. Along the same lines, Gutiérrez‐Ponce and Wibowo (2023) find that the board of directors and stakeholders of Indonesian banks believe that ESG activities generate costs and have little impact on current and future FP.…”

Section: Theoretical Background and Literature Reviewmentioning

confidence: 83%

Do sustainability practices contribute to the financial performance of banks? An analysis of banks in Southeast Asia

Gutiérrez‐Ponce,

Wibowo

2023

Corp Soc Responsibility Env

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In response to the need to deepen research on the impact of corporate ESG (environmental, social, and governance) pillars on the financial performance (FP) of banks, this study analyzes the relationship between ESG and FP in banks from emerging countries in Southeast Asia during the period 2010–2020. Using a sample of 19 banks from five countries with emerging economies, this article examines the level of information on ESG activities that banks report in each of their pillars and these pillars' impact on the FP. The research was conducted through an exploratory study using panel data (Thomson Reuters ESG data), parametric correlations, and regression models. FP is measured by return on assets (ROA), return on equity (ROE), and Tobin's Q (TQ), or the prevailing market price for exchanging assets divided by the market price of the goods newly produced. The findings show that ESG has a significant negative effect on all measures of FP (ROA, ROE, and TQ). However, analysis of the relationship of each individual ESG pillar to FP obtains different findings for each. Our study also shows differences in the level of ESG information in each country as a result of their specific economic characteristics. This study has limitations due to the limited ESG, bank, and country data that Thomson Reuters contains on banks in this region of Asia. In future research, more banks and more countries can be added to the analysis, as well as other control variables related to FP.

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“…SCP is a relatively new subject in academic and practitioner circles in Turkey. Academic research on corporate sustainability and CSR gained momentum after 2010 (Akdogan et al, 2020). Turkey offers a relevant research framework for analyzing the influence of board diversity and organization structure on SCP for various reasons.…”

Section: Background: the Institutional Setting Of Turkish Firmsmentioning

confidence: 99%

How board diversity and ownership structure shape sustainable corporate performance

Khan

Baker

2022

Manage Decis Econ

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This study investigates how demographic board diversity and ownership structure shape Turkish firms' sustainable corporate performance (SCP) between 2013 and 2019. We use a panel dataset of 67 Borsa Istanbul (BIST) 100 indexed non‐financial and non‐utility firms. Based on logit and probit regression estimations, our empirical findings confirm that board diversity factors, including gender, nationality, experience, educational level, and tenure, are statistically significant and positively related to SCP. Contrary to expectations, ownership concentration has a significantly positive association with SCP. This study contributes insights about Turkish firms' board diversity that have practical implications for companies, regulators, and policymakers.

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Sustainability accounting and corporate social responsibility in Turkey and in its region

Cited by 11 publications

References 6 publications

ESG dimensions and bank performance: an empirical investigation in Italy

ESG dimensions and bank performance: an empirical investigation in Italy

Do sustainability practices contribute to the financial performance of banks? An analysis of banks in Southeast Asia

How board diversity and ownership structure shape sustainable corporate performance

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