Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği
Yıl: 2021 Cilt: 0 Sayı: 90 Sayfa Aralığı: 149 - 164 Metin Dili: Türkçe DOI: 10.25095/mufad.827626 İndeks Tarihi: 08-05-2021
Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği
Öz: Bu çalışma ile şirketlerin kurumsal sosyal performanslarının hisse senedi fiyatları ile ölçülen finansalperformanslarına yansıyıp yansımadığını tespit etmek hedeflenmiştir. Bu hedef doğrultusunda Borsa İstanbul’daişlem gören firmaların 2009-2017 yıllarına ait verileri, panel veri yöntemleri ile analiz edilmiştir. Ampirikanalizler, şirket büyüklüğü, riski, karlılığı, sektörü gibi faktörler sabit tutulduğunda dahi kurumsal sosyalperformans ile hisse senedi fiyatları arasında pozitif ve anlamlı bir ilişki olduğunu göstermiştir. Kurumsal sosyalperformansın alt boyutları için yapılan analizler, şirketlerin çevresel performansları haricinde sosyal veyönetişim performansları ile piyasa değerleri arasında pozitif ve anlamlı bir ilişkiye işaret etmektedir. Öteyandan çevresel performans ile hisse senedi fiyatları arasında anlamlı bir ilişki bulunamamıştır.
Anahtar Kelime: Market Reaction to Corporate Social Performance: Evidence from BIST
Öz: Through this study, it is aimed to determine whether the corporate social performance of companies has an impact on financial performance measured by stock prices. In line with this target, the data of the companies listed in Borsa Istanbul for 2009-2017 were analyzed using panel data methods. Empirical analyses show that there is a positive and significant relationship between corporate social performance and stock prices, even when factors such as company size, risk, profitability, and industry are controlled. Analyses for the individual pillars of corporate social performance indicate a positive and significant relationship between market value and social and governance performances, except for environmental performance. On the other hand, no significant relationship was found between environmental performance and stock prices.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | ATES S (2021). Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. , 149 - 164. 10.25095/mufad.827626 |
| Chicago | ATES SINEM Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. (2021): 149 - 164. 10.25095/mufad.827626 |
| MLA | ATES SINEM Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. , 2021, ss.149 - 164. 10.25095/mufad.827626 |
| AMA | ATES S Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. . 2021; 149 - 164. 10.25095/mufad.827626 |
| Vancouver | ATES S Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. . 2021; 149 - 164. 10.25095/mufad.827626 |
| IEEE | ATES S "Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği." , ss.149 - 164, 2021. 10.25095/mufad.827626 |
| ISNAD | ATES, SINEM. "Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği". (2021), 149-164. https://doi.org/10.25095/mufad.827626 |
| APA | ATES S (2021). Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. Muhasebe ve Finansman Dergisi, 0(90), 149 - 164. 10.25095/mufad.827626 |
| Chicago | ATES SINEM Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. Muhasebe ve Finansman Dergisi 0, no.90 (2021): 149 - 164. 10.25095/mufad.827626 |
| MLA | ATES SINEM Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. Muhasebe ve Finansman Dergisi, vol.0, no.90, 2021, ss.149 - 164. 10.25095/mufad.827626 |
| AMA | ATES S Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. Muhasebe ve Finansman Dergisi. 2021; 0(90): 149 - 164. 10.25095/mufad.827626 |
| Vancouver | ATES S Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği. Muhasebe ve Finansman Dergisi. 2021; 0(90): 149 - 164. 10.25095/mufad.827626 |
| IEEE | ATES S "Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği." Muhasebe ve Finansman Dergisi, 0, ss.149 - 164, 2021. 10.25095/mufad.827626 |
| ISNAD | ATES, SINEM. "Kurumsal Sosyal Performansa Piyasa Tepkisi: BIST Örneği". Muhasebe ve Finansman Dergisi 90 (2021), 149-164. https://doi.org/10.25095/mufad.827626 |
