Çevresel Açıklama: Belirleyiciler ve Finansal Performans Üzerindeki Etkileri? Türkiye’den Ampirik Bir Kanıt

Yıl 2020, Cilt: 28 Sayı: 46, 95 - 115, 31.10.2020

İsmail Kalash

https://doi.org/10.17233/sosyoekonomi.2020.04.05

Cited By: 5

Öz

Bu çalışma, çevresel açıklamanın belirleyicileri ve finansal performans üzerindeki etkilerini incelemektedir. Borsa İstanbul’da (BİST) hisse senetleri işlem gören 66 firmanın 2014-2018 yıllarına ait verilerini kullanarak yüksek kaldıraca ve yüksek özkaynağın temsilci (vekalet) maliyetlerine sahip firmalar ve büyük firmaların çevresel bilgiler açıklama olasılığının daha yüksek olduğu tespit edilmiştir. Yine, karlılık, endüstri tipi, bilgi asimetrisi, yatırım fırsatları ve faaliyet riskinin firmanın çevresel bilgiler açıklama ihtimalini etkilemediği ortaya çıkmıştır. Bununla birlikte, çevresel açıklamanın Türk firmaların finansal performansını etkilediği ile ilgili zayıf bir kanıt bulunmuştur.

Anahtar Kelimeler

Çevresel Açıklama, Belirleyiciler, Finansal Performans

Environmental Disclosure: Determinants and Effects on Financial Performance? An Empirical Evidence from Turkey

Öz

This article investigates the determinants of environmental disclosure and its effect on financial performance. Using a sample of 66 firms listed on Istanbul Stock Exchange during the period 2014-2018, we find that highly leveraged and larger firms, and firms with higher equity agency costs are more likely to disclose environmental information. However, the results indicated that profitability, industry type, information asymmetry, investment opportunities and business risk do not affect the probability that the firm will disclose environmental information. Finally, we find a weak evidence that environmental disclosure affects the financial performance of Turkish firms.

Anahtar Kelimeler

Environmental Disclosure, Determinants, Financial Performance

Kaynakça

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