Aksoy, MineYılmaz, Mustafa KemalTatoğlu, EkremBasar, MerveTatoğlu, EkremYılmaz, Mustafa KemalYönetim Bilimleri Fakültesi, İşletme Bölümü2020-10-122020-10-122020Aksoy, 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, 1-11.124284https://doi.org/10.1016/j.jclepro.2020.124284https://hdl.handle.net/20.500.12154/1244The 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.eninfo:eu-repo/semantics/openAccessBorsa Istanbul Sustainability IndexBoard DiversityCorporate Sustainability PerformanceOwnership StructureStakeholder TheoryArticle27611110.1016/j.jclepro.2020.124284Q1WOS:0005795008002252-s2.0-85091571002Q1