SÜRDÜRÜLEBİLİRLİK YATIRIMLARININ FİNANSAL PERFORMANSA ETKİSİ: TÜRKİYE ÖRNEĞİ

Abstract

The literature presents contradictory results on the relationship between corporate sustainability performance and corporate financial performance. The effect of sustainability on financial performance is mostly estimated as positive, but there are substantial number of studies that find a negative relationship and further, in some studies results are inconclusive. This casts doubt on the direction of this relationship and whether there is such a relationship at all still remains as an open question. The respective proportion of studies with positive outcomes is not distinct enough to reach a convincing scientific consensus, especially given that, these studies differ vastly in the measures and the datasets they use. There are only a few studies that investigate the link between financial performance and sustainability on Turkish firms and those studies suffer from small sample sizes. In this study, the link between corporate financial performance and corporate sustainability is demon)