Effects of Environment, Social, and Governance (ESG) Disclosures on ESG Scores: Investigating the Role of Corporate Governance for Publicly Traded Turkish Companies

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dc.authoridKartal, Mustafa Tevfik/0000-0001-8038-8241
dc.authoridTaskin, Dilvin/0000-0001-6139-8006
dc.authoridKILIC DEPREN, Serpil/0000-0003-4737-7131
dc.contributor.authorKartal, Mustafa Tevfik
dc.contributor.authorTaskin, Dilvin
dc.contributor.authorShahbaz, Muhammad
dc.contributor.authorDepren, Serpil Kilic
dc.contributor.authorPata, Ugur Korkut
dc.date.accessioned2024-09-18T20:19:52Z
dc.date.available2024-09-18T20:19:52Z
dc.date.issued2024
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractThe world has experienced climate-related issues, which increase the importance of ESG disclosures and corporate governance (CG) of companies, which take place at the heart of economies. Therefore, improving ESG disclosures and CG practices becomes significant to combat climate change at the company level. Considering that Turkiye restructured ESG disclosures in 2022, this study investigates the role of CG on the nexus between ESG scores of publicly traded companies (PTC) and ESG reports. So, the study analyzes 102 PTC (full sample), 51 PTC in Borsa Istanbul Corporate Governance Index (in-sample), and the remaining 51 PTC (out-sample) using ESG disclosures of 2022 and applying novel super learner (SL) algorithm. Our results show that (i) SL has a higher prediction performance reaching similar to 94.3%; (ii) the environment (governance) layer has the highest (lowest) total relative importance (contribution) to ESG scores in all samples; (iii) C8, S6, and E5 are the most important ESG principles in the full sample, in-sample, and out-sample, respectively; (iv) the contribution of each ESG principles to the total ESG scores varies by sample; (v) CG plays a smoothing role for the relative importance of each ESG principle, while the relative importance in the out-sample shows much higher volatility. Overall, the study reveals the non-linear contributions of ESG principles on ESG scores and suggests that PTC should prioritize highly important ESG principles, consider the moderating role of CG on the link between ESG scores and ESG disclosures, and use ESG disclosures as a strategic tool to develop ESG scores and disclosures.en_US
dc.identifier.doi10.1016/j.jenvman.2024.122205
dc.identifier.issn0301-4797
dc.identifier.issn1095-8630
dc.identifier.pmid39168007en_US
dc.identifier.scopus2-s2.0-85201477571en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.jenvman.2024.122205
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9911
dc.identifier.volume368en_US
dc.identifier.wosWOS:001300302600001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherAcademic Press Ltd- Elsevier Science Ltden_US
dc.relation.ispartofJournal of Environmental Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectESG scoresen_US
dc.subjectESG disclosuresen_US
dc.subjectStructured ESG reportsen_US
dc.subjectTurkish companiesen_US
dc.titleEffects of Environment, Social, and Governance (ESG) Disclosures on ESG Scores: Investigating the Role of Corporate Governance for Publicly Traded Turkish Companiesen_US
dc.typeArticleen_US

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