Clustering of firms based on environmental social and governance ratings: Evidence from BIST sustainability index

dc.contributor.author Gorkem Sariyer
dc.contributor.author Dilvin Taşkın
dc.contributor.author Taskin, Dilvin
dc.contributor.author Sariyer, Gorkem
dc.date.accessioned 2025-10-06T17:49:48Z
dc.date.issued 2022
dc.description.abstract In this paper companies listed on the Borsa Istanbul (BIST) Sustainability Index are analyzed by performing a cluster analysis based on their environmental social and governance (ESG) scores. The results prove that firms with higher ESG ratings do not necessarily perform well in all ESG aspects. The outcomes of the cluster analysis reveal that firms with higher environmental and social scores are the cluster with the most prominent firms in terms of size but with low profitability. However the group that scored poorly in environmental and social practices but the highest governance pillar was the highest performing in terms of the return on assets. This paper highlights the significance of forming clusters and linking sustainability practices with performance characteristics. © 2023 Elsevier B.V. All rights reserved.
dc.identifier.doi 10.1016/j.bir.2022.10.009
dc.identifier.issn 22148469, 22148450
dc.identifier.issn 2214-8450
dc.identifier.issn 2214-8469
dc.identifier.scopus 2-s2.0-85141979398
dc.identifier.uri https://www.scopus.com/inward/record.uri?eid=2-s2.0-85141979398&doi=10.1016%2Fj.bir.2022.10.009&partnerID=40&md5=dfa1ac6add498090d5b674b772f0185a
dc.identifier.uri https://gcris.yasar.edu.tr/handle/123456789/8631
dc.identifier.uri https://doi.org/10.1016/j.bir.2022.10.009
dc.language.iso English
dc.publisher Borsa Istanbul Anonim Sirketi
dc.relation.ispartof Borsa Istanbul Review
dc.rights info:eu-repo/semantics/openAccess
dc.source Borsa Istanbul Review
dc.subject And Governance (esg) Ratings, Bist Sustainability Index, Cluster Analysis, Environmental, Social
dc.subject And Governance (ESG) Ratings
dc.subject Environmental
dc.subject BIST Sustainability Index
dc.subject Cluster Analysis
dc.subject Social
dc.title Clustering of firms based on environmental social and governance ratings: Evidence from BIST sustainability index
dc.type Review
dspace.entity.type Publication
gdc.author.id sariyer, görkem/0000-0002-8290-2248
gdc.author.id Taşkın, Dilvin/0000-0001-6139-8006
gdc.author.scopusid 57189867008
gdc.author.scopusid 57199073908
gdc.author.wosid Taşkın, Dilvin/AAL-1206-2020
gdc.author.wosid sariyer, görkem/AAA-1524-2019
gdc.bip.impulseclass C4
gdc.bip.influenceclass C4
gdc.bip.popularityclass C4
gdc.coar.type text::review
gdc.collaboration.industrial false
gdc.description.department
gdc.description.departmenttemp [Sariyer, Gorkem] Yasar Univ, Fac Business, Dept Business Adm, Izmir, Turkey; [Taskin, Dilvin] Yasar Univ, Fac Business, Dept Int Trade & Finance, Izmir, Turkey
gdc.description.endpage S188
gdc.description.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
gdc.description.startpage S180
gdc.description.volume 22
gdc.description.woscitationindex Social Science Citation Index
gdc.identifier.openalex W4307854611
gdc.identifier.wos WOS:000953845000001
gdc.index.type Scopus
gdc.index.type WoS
gdc.oaire.accesstype GOLD
gdc.oaire.diamondjournal false
gdc.oaire.impulse 22.0
gdc.oaire.influence 3.2290426E-9
gdc.oaire.isgreen false
gdc.oaire.keywords Cluster analysis
gdc.oaire.keywords Social
gdc.oaire.keywords HG1-9999
gdc.oaire.keywords BIST Sustainability index
gdc.oaire.keywords And governance (ESG) ratings
gdc.oaire.keywords Finance
gdc.oaire.keywords Environmental
gdc.oaire.popularity 1.8483021E-8
gdc.oaire.publicfunded false
gdc.oaire.sciencefields 0502 economics and business
gdc.oaire.sciencefields 05 social sciences
gdc.openalex.collaboration National
gdc.openalex.fwci 6.0979
gdc.openalex.normalizedpercentile 0.96
gdc.openalex.toppercent TOP 10%
gdc.opencitations.count 18
gdc.plumx.crossrefcites 21
gdc.plumx.mendeley 198
gdc.plumx.newscount 1
gdc.plumx.scopuscites 21
gdc.scopus.citedcount 21
gdc.virtual.author Taşkin Yeşilova, Fatma Dilvin
gdc.wos.citedcount 16
person.identifier.scopus-author-id Sariyer- Gorkem (57189867008), Taşkın- Dilvin (57199073908)
publicationvolume.volumeNumber 22
relation.isAuthorOfPublication acc5a79a-3b48-4a2b-91f6-7c4cf67e6b8c
relation.isAuthorOfPublication.latestForDiscovery acc5a79a-3b48-4a2b-91f6-7c4cf67e6b8c
relation.isOrgUnitOfPublication ac5ddece-c76d-476d-ab30-e4d3029dee37
relation.isOrgUnitOfPublication.latestForDiscovery ac5ddece-c76d-476d-ab30-e4d3029dee37

Files