Research Article


DOI :10.26650/JECS2021-927156   IUP :10.26650/JECS2021-927156    Full Text (PDF)

Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries

Begüm GülerFüsun Küçükbay

This study investigates whether the performance of the companies is affected when they are included in the Sustainability Index. The study deals with companies operating in Brazil and Turkiye, in this respect, the panel data analysis technique is applied. ROA (Return On Assets) is used for the dependent variable, while independent variables are debt/ equity ratio, company size, operational ratio and the Sustainability Index. The results of the study reveal that taking part in the Sustainability Index has a statistically significant positive effect on profitability for both Brazil and Turkiye. When the other results are analyzed, it is seen that there is a negative relationship between the debt / equity ratio and ROA for the case of Turkiye.

JEL Classification : Q01 , L25 , C33

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APA

Güler, B., & Küçükbay, F. (2019). Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries. Journal of Economy Culture and Society, 0(0), -. https://doi.org/10.26650/JECS2021-927156


AMA

Güler B, Küçükbay F. Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries. Journal of Economy Culture and Society. 2019;0(0):-. https://doi.org/10.26650/JECS2021-927156


ABNT

Güler, B.; Küçükbay, F. Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries. Journal of Economy Culture and Society, [Publisher Location], v. 0, n. 0, p. -, 2019.


Chicago: Author-Date Style

Güler, Begüm, and Füsun Küçükbay. 2019. “Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries.” Journal of Economy Culture and Society 0, no. 0: -. https://doi.org/10.26650/JECS2021-927156


Chicago: Humanities Style

Güler, Begüm, and Füsun Küçükbay. Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries.” Journal of Economy Culture and Society 0, no. 0 (Dec. 2022): -. https://doi.org/10.26650/JECS2021-927156


Harvard: Australian Style

Güler, B & Küçükbay, F 2019, 'Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries', Journal of Economy Culture and Society, vol. 0, no. 0, pp. -, viewed 4 Dec. 2022, https://doi.org/10.26650/JECS2021-927156


Harvard: Author-Date Style

Güler, B. and Küçükbay, F. (2019) ‘Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries’, Journal of Economy Culture and Society, 0(0), pp. -. https://doi.org/10.26650/JECS2021-927156 (4 Dec. 2022).


MLA

Güler, Begüm, and Füsun Küçükbay. Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries.” Journal of Economy Culture and Society, vol. 0, no. 0, 2019, pp. -. [Database Container], https://doi.org/10.26650/JECS2021-927156


Vancouver

Güler B, Küçükbay F. Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries. Journal of Economy Culture and Society [Internet]. 4 Dec. 2022 [cited 4 Dec. 2022];0(0):-. Available from: https://doi.org/10.26650/JECS2021-927156 doi: 10.26650/JECS2021-927156


ISNAD

Güler, Begüm - Küçükbay, Füsun. Does Inclusion in the Sustainability Index Contribute to the Financial Performance of the Companies: Evidence from Developing Countries”. Journal of Economy Culture and Society 0/0 (Dec. 2022): -. https://doi.org/10.26650/JECS2021-927156



TIMELINE


Submitted24.04.2021
Accepted13.03.2022
Published Online27.06.2022

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