Akademik Veri Yönetim Sistemi
Tezin Türü: Yüksek Lisans
Tezin Yürütüldüğü Kurum: İstanbul Ticaret Üniversitesi, Finans Enstitüsü, Türkiye
Tezin Onay Tarihi: 2021
Tezin Dili: İngilizce
Öğrenci: NASRUZZAMAN NAEEM
Danışman: ÇANKAYA SERKAN
Özet:TABLE OF CONTENTS ABSTRACT . iii ÖZET. iv PREFACE . v LIST OF TABLES. ix LIST OF FIGURES. x ABBREVIATIONS. xi 1. INTRODUCTION. 1 1. 1 Background. 1 1. 2 Purpose of the Thesis. 5 1. 3 Scope of the Thesis. 5 1. 4 Contribution of the Thesis to the Academic Research and Industry . 5 1. 5 Structure of the Thesis. 7 2. THEORETICAL BACKGROUND. 8 2. 1 Corporate Social Responsibility and Corporate Sustainability. 8 2. 2 Environmental, Social, and Governance (ESG) Factors. 10 2. 3 ESG Pillars and Factors. 11 2. 3. 1 The Environmental Pillar of ESG . 12 2. 3. 2 The Social Pillar of ESG . 13 2. 3. 3 The Governance Pillar of ESG. 14 2. 3. 4 ESG Rating and ESG Investing . 14 2. 4 Theoretical Perspective of ESG performance. 17 2. 4. 1 Shareholder Theory. 17 2. 4. 2 Stakeholder Theory . 18 2. 4. 3 Value Enhancing Theory. 20 2. 4. 4 Legitimacy Theory . 20 vii 2. 5 Financial Performance Measurement . 21 2. 6 Relationship Between ESG Performance and Financial Performance . 22 3. LITERATURE REVIEW AND HYPOTHESIS DEVELOPMENT. 24 3. 1 Literature Review . 24 3. 2 Hypothesis Development. 52 4. DATA DESCRIPTION AND METHODOLOGY . 59 4. 1 Data Source. 59 4. 2 Data Sample. 62 4. 3 Independent Variable . 66 4. 4 Dependent variables. 71 4. 5 Control Variables. 73 4. 6 Reliability and validity. 75 4. 7 Designing the regression models. . 76 4. 8 Regression Variables . 78 5. EMPIRICAL RESULTS AND FINDINGS . 81 5. 1 Descriptive Statistics. 81 5. 2 Correlation Matrix . 87 5. 3 Multicollinearity Test . 91 5. 4 Model Selection Tests. 92 5. 5 Model Diagnostic Tests. 94 5. 6 Regression Results. 95 5. 7 Additional Regression Analysis (Robustness Check) . 105 5. 8 Empirical Findings. 107 6. CONCLUSION. 120 6. 1 Discussion. 120 6. 2 Limitations. 125 viii 6. 3 Recommendations. 126 APPENDIX . 128 REFERENCES . 130