Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries

Autor:	GÜLER, Begüm, KÜÇÜKBAY, Füsun
Rok vydání:	2022
Předmět:	Economics Sustainability Index Financial Performance Panel Data Analysis İktisat
Zdroj:	Issue: 66 307-319 Journal of Economy Culture and Society
ISSN:	2645-8772
DOI:	10.26650/jecs2021-927156
Popis:	This study investigates whether the performance of the companies is affected when they are included in the Sustainability Index. The study deals with companies operating in Brazil and Turkiye, in this respect, the panel data analysis technique is applied. ROA (Return On Assets) is used for the dependent variable, while independent variables are debt/equity ratio, company size, operational ratio and the Sustainability Index. The results of the study reveal that taking part in the Sustainability Index has a statistically significant positive effect on profitability for both Brazil and Turkiye. When the other results are analyzed, it is seen that there is a negative relationship between the debt / equity ratio and ROA for the case of Turkiye
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7d220fed409835d88df65e76e42949a6 https://doi.org/10.26650/jecs2021-927156 Zobrazit plný text záznamu