INVESTIGATION OF THE RELATIONSHIP BETWEEN SUSTAINABILITY, CORPORATE SOCIAL RESPONSIBILITY AND ACCESS TO FINANCE: BIST CASE

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Temiz H., Varıcı İ.

JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY, cilt.9, sa.1, ss.406-431, 2022 (ESCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 9 Sayı: 1
  • Basım Tarihi: 2022
  • Doi Numarası: 10.30798/makuiibf.912331
  • Dergi Adı: JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY
  • Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Sayfa Sayıları: ss.406-431
  • Anahtar Kelimeler: Sustainability, Corporate Social Responsibility, Access to Finance, BIST, ASSURANCE, CSR, COST, CREDIBILITY, PERFORMANCE, DISCLOSURE, ADOPTION, IMPACT, FIRM
  • Ondokuz Mayıs Üniversitesi Adresli: Evet

Özet

This study aims to investigate the effects of sustainability and corporate social responsibility on access to finance. In line with this purpose, data covering the years 2014-2019 of 242 firms having required data and operating in BIST All Shares Index were used. According to findings, it has been found that being traded in the BIST Sustainability Index, having corporate social responsibility committee and publishing corporate social responsibility report eases access to finance. In addition, having external assurance on corporate social responsibility reports has no significant effects on access to finance. These results have been also supported by additional analyses using alternative proxies for access to finance.