Does corporate social performance lead to better financial performance? Evidence from Turkey

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dc.authoridhttps://orcid.org/0000-0003-0609-2631en_US
dc.authoridhttps://orcid.org/0000-0002-1614-3968en_US
dc.contributor.authorKurt, Hakan
dc.contributor.authorPeng, Xuhui
dc.date.accessioned2023-05-11T13:07:27Z
dc.date.available2023-05-11T13:07:27Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractIn the past two decades, research on the relationship between corporate social performance (CSP) and corporate financial performance (CFP) has seen considerable growth; however, evidence from Turkey remains scarce, and the results are not uniform. To address this lack, this study investigates the impact of CSP on CFP from the perspective of stakeholder theory. Following the investigation of 47 publicly listed companies from the BIST Corporate Governance Index (XKURY) in the period 2014–2018. The results demonstrate that CSP positively affects CFP in both the short and long term. This study addresses the lack of Turkish experience, and the results indicate that CSP is an intangible resource in corporate strategy that can improve the competitive power of Turkish enterprises. Furthermore, the study emphasizes the positive role of CSP in short-term and long-term CFP in the Turkish context from the stakeholder perspective. The results have implications for Turkish policymakers regarding the rational use of corporate social responsibility (CSR) to promote economic development and insights for Turkish enterprises in terms of gaining stakeholders’trust and improving investors’ valuation through the strategic use of CSR to achieve long-term, sustainable development of enterprise competitiveness and finance.en_US
dc.identifier.doi10.3934/GF.2021021en_US
dc.identifier.endpage482en_US
dc.identifier.issn2643-1092
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85134184208en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage464en_US
dc.identifier.urihttps://hdl.handle.net/11363/4606
dc.identifier.urihttps://doi.org/
dc.identifier.volume3en_US
dc.identifier.wosWOS:000744197400002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherAMER INST MATHEMATICAL SCIENCES-AIMS, PO BOX 2604, SPRINGFIELD, MO 65801-2604en_US
dc.relation.ispartofGreen Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectcorporate social responsibilityen_US
dc.subjectcorporate social performanceen_US
dc.subjectcorporate financial performanceen_US
dc.subjectstakeholdersen_US
dc.subjectTurkeyen_US
dc.titleDoes corporate social performance lead to better financial performance? Evidence from Turkeyen_US
dc.typeArticleen_US

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