The impact of environmental performance on capital structure and firm performance: the case of Turkey

Basit Öğe Kaydı
dc.authorid0000-0002-0674-0136en_US
dc.contributor.authorKalash, Ismail
dc.date.accessioned2021-06-30T11:28:28Z
dc.date.available2021-06-30T11:28:28Z
dc.date.issued2021en_US
dc.departmentDicle Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.descriptionWOS:000660544300001
dc.description.abstractPurpose – The purpose of this study is to investigate the effect of environmental performance on the capital structure and financial performance of Turkish listed firms. Design/methodology/approach – This study used data of 49 firms listed on Istanbul Stock Exchange during the period between 2014 and 2019, resulting in 205 firm-year observations. The environmental performance data were drawn from the carbon disclosure project Turkey climate change reports. Ordinary least squares and binary logistic regression models were used to examine whether environmental performance impacts the capital structure and financial performance. Findings – The findings of this research revealed that environmental performance significantly positively affects the firm leverage. Findings also showed that environmental performance has a significantly positive impact on return on assets, operating profitability and return on equity, but no significant impact on stock returns. Practical implications – Given the increased borrowing costs for Turkish firms after the 2018 currency crisis in Turkey, the findings of this study are very important as they enable managers of Turkish firms to make better decisions related to capital structure and to understand the role of environmental performance in reducing the cost of debt and enhancing financial performance. Originality/value – To the author’s knowledge, this research is the first to investigate the effect of environmental performance on capital structure in the Turkish context, and is one of few that explained how environmental performance affects the financial performance of Turkish firmsen_US
dc.identifier.citationKalash, I. (2021).The impact of environmental performance on capital structure and firm performance: the case of Turkey. Society and Business Review, 16(2), 255-277.en_US
dc.identifier.doi10.1108/SBR-11-2020-0138
dc.identifier.endpage277
dc.identifier.issn1746-5680
dc.identifier.issn1746-5699
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85107740794
dc.identifier.scopusqualityQ1
dc.identifier.startpage255
dc.identifier.urihttps://www.emerald.com/insight/content/doi/10.1108/SBR-11-2020-0138/full/html
dc.identifier.urihttps://hdl.handle.net/11468/7186
dc.identifier.volume16en_US
dc.identifier.wosWOS:000660544300001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorKalash, Ismail
dc.language.isoenen_US
dc.publisherEmerald Group Publishingen_US
dc.relation.ispartofSociety and Business Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectIstanbul stock exchangeen_US
dc.subjectFinancial performanceen_US
dc.subjectCapital structureen_US
dc.subjectEnvironmental performanceen_US
dc.titleThe impact of environmental performance on capital structure and firm performance: the case of Turkeyen_US
dc.titleThe impact of environmental performance on capital structure and firm performance: the case of Turkey
dc.typeArticleen_US

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