Corporate sustainability performance in the emerging market of Turkey: the role of accounting information quality and firm risk
Yükleniyor...
Tarih
2021
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Emerald Group Publishing
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
Purpose– The purpose of this study is to investigate the effect of accounting information quality (AIQ) and firm risk on the corporate sustainability performance (CSP) of Turkish listed firms. Design/methodology/approach– This study used data of 70 firms listed on Istanbul Stock Exchange during the period 2014–2019. Binary and ordinal logistic regression models are used to examine the factors affecting CSP as proxied by the membership to BIST Sustainability Index. Findings– The results of this research indicate that AIQ is negatively related to CSP in firms with severe agency problem. The results also show a significant negative relationship between accounting earnings volatility and CSP. However, the effect of stock return volatility on CSP is not significant. Furthermore, the findings reveal that the possibility of being a memberof Turkishsustainability index is higherfor largerfirms, firms that are included in BIST Corporate Governance Index and firms with high leverage, more research and development (R&D) intensity and high brand value. Practical implications– The results of this study provide implications for policymakers, investors and firms about the role of firm characteristics in determining CSP. Originality/value–Totheauthor’sknowledge,thisstudyisthefirsttoexploretheeffectofAIQandfirmrisk on CSP in the Turkish context.
Açıklama
Anahtar Kelimeler
Corporate sustainability performance, Accounting information quality, Firm risk, Turkey
Kaynak
Journal of Economic and Administrative Sciences
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
Early Access
Sayı
Künye
Kalash, I. (2021). Corporate sustainability performance in the emerging market of Turkey: the role of accounting information quality and firm risk. Journal of Economic and Administrative Sciences, Early Access
