The Impact of Corporate Social Responsibility on Financial Performance: A Study on BORSA Istanbul (BIST30)
This article aims to establish a clear connection between corporate social responsibility (CSR) and financial performance. Through this research, we aim to conclusively demonstrate how a company's corporate social performance impacts its financial success. Utilizing data from Turkish BIST30 ind...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Collaboration (Ömer ÖZKAN, Murat Çemberci, Mustafa Emre Civelek, Nagehan Uca, Okşan Kibritçi)
2024-12-01
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| Series: | Journal of International Trade, Logistics and Law |
| Subjects: | |
| Online Access: | https://www.jital.org/index.php/jital/article/view/506 |
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| Summary: | This article aims to establish a clear connection between corporate social responsibility (CSR) and financial performance. Through this research, we aim to conclusively demonstrate how a company's corporate social performance impacts its financial success. Utilizing data from Turkish BIST30 index companies for the years 2010 to 2022, our findings indicate a negative association between corporate social responsibility disclosure and return on assets, implying a potential trade-off. Furthermore, the existence of CEO duality has got a positive influence on the return on assets. The findings underline the significance of a balanced strategy that considers both social and economic aims. By incorporating social responsibility into their operations, companies may contribute to a more sustainable and inclusive future while still attaining financial success. |
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| ISSN: | 2149-9748 |