Antecedents of corporate sustainability performance in Turkey: The effects of ownership structure and board attributes on non-financial companies

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Küçük Resim

Tarih

2020

Yazarlar

Aksoy, Mine
Yılmaz, Mustafa Kemal
Tatoğlu, Ekrem
Basar, Merve

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

Elsevier

Erişim Hakkı

info:eu-repo/semantics/openAccess

Araştırma projeleri

Organizasyon Birimleri

Organizasyon Birimi
Yönetim Bilimleri Fakültesi, İşletme Bölümü
Küresel rekabete ayak uydurmak ve sürdürülebilir olmak isteyen tüm şirketler ve kurumlar, değişimi doğru bir şekilde yönetmek, teknolojinin gerekli kıldığı zihinsel ve operasyonel dönüşümü kurumlarına hızlı bir şekilde adapte etmek zorundadırlar.

Dergi sayısı

Özet

The discourse of corporate sustainability performance (CSP) has created an increasing motivation for companies to improve their competitive advantage. This study examines the drivers leading to a high level of CSP within non-financial Turkish companies listed in the Borsa Istanbul Sustainability Index. Drawing on both stakeholder and agency theories, we formulate a set of hypotheses that link CSP with ownership structure, board diversity, and firm-specific characteristics. Based on logit and probit models, the empirical results tend to confirm the positive influence of foreign and institutional ownerships in shaping CSP and indicate that CSP is positively linked with board size and the proportion of independent board members. Further, the findings show that companies with a leading level of CSP have a lower return than companies with mediocre CSP based on a market-based measure, Tobin’s Q.

Açıklama

Anahtar Kelimeler

Borsa Istanbul Sustainability Index, Board Diversity, Corporate Sustainability Performance, Ownership Structure, Stakeholder Theory

Kaynak

Journal of Cleaner Production

WoS Q Değeri

Q1

Scopus Q Değeri

Q1

Cilt

276

Sayı

Künye

Aksoy, M., Yılmaz, M. K., Tatoğlu, E. ve Basar, M. (2020). Antecedents of corporate sustainability performance in Turkey: The effects of ownership structure and board attributes on non-financial companies. Journal of Cleaner Production, 276, 1-11.