EFFECT OF DISCLOSURES ON SUSTAINABILITY PERFORMANCE INDICATORS ON FINANCIAL PERFORMANCE: AN APPLICATION IN BIST

The main purpose of this research is to examine the impact of disclosed sustainability information level on the financial performance of companies. For this purpose the period from 2008 to 2014 of 30 publicly traded companies that prepare reports according to GRI reporting principles and are traded on the BIST are included. The level of sustainability information disclosed in the sustainability reports has been investigated as economic, environmental and social performance. Financial performance is measured by financial ratios such as asset profitability, return on equity, MV/BV ratio and P/E ratio. Panel data analysis method was applied in the research and the sector has been added as a control variable. As a result of this research, the level of information disclosed for environmental performance has positive effect on the return on assets and the return on equity, and the level of information disclosed on social performance has positive effect on the return on assets