Abstract:

Sustainability studies around the world are of great importance for many reasons, primarily for the beginning of the extinction of natural resources. From the point of view of the business, one of the most important footsteps of sustainability activities in the business is environmental activities. As the importance of the issue increases, the investment expenditure that carry out for environmental activities increases each year. From this point on, this study has studied the impact of environmental investment spending on financial performance in. The data set used in the study was collected from the sustainability reports and financial statements published by in the BIST Sustainability Index, and the data were analyzed using the multi-linear regression analysis method. The study found that environmental investment expenditure generally carried out by in Turkey has a negative impact on financial performance.

Abstract:

Sustainability studies have great importance all over the world for many reasons, especially because of the depletion of natural resources. Considering the issue in terms of businesses, environmental activities constitute one of the most important pillars of sustainability activities in businesses. As the importance of the subject increases, the investment expenditures made by businesses for environmental activities increase every year. Based on this point, in this study, the effect of environmental investment expenditures on financial performance in enterprises has been investigated. The data set used in the study was compiled from the sustainability reports and financial statements published by the companies included in the BIST Sustainability Index and the data in question were analyzed by multiple linear regression analysis method. As a result of the study, environmental investment expenditures made by businesses in Turkey have been revealed to have a negative impact on financial performance.

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