Gökhan Özer

This study examines the relationship between environmental, social, and governance (ESG) performance and firms' green innovation (GI), positioning ESG as an organizational context potentially conducive to sustainable technological transformation. Using a patent‐based methodology, GI is measured through firms' granted green patent outputs, providing a tangible indicator of green technological innovation. Based on 3314 firm‐year observations from 17 countries over 2002–2021, baseline estimations use OLS models with multiple fixed effects, complemented by count‐data and alternative specifications. The findings show a positive and statistically significant relationship between ESG performance and GI, which remains consistent across alternative specifications. The environmental, social, and governance dimensions are each positively associated with green patent output, with the environmental dimension exhibiting the largest coefficient in the baseline estimates. Additional mechanism analyses indicate that R&D intensity and analyst coverage serve as significant partial mediating channels. R&D intensity represents a firm‐internal innovation input, whereas analyst coverage captures external information and monitoring environment. Overall, the findings provide cross‐country evidence that ESG performance is associated with tangible green technological outcomes and suggest that this relationship may operate through both internal resource allocation and external information and monitoring channels.

This study investigates the relationship between ESG content intensity and disclosure speed while analyzing the moderating role of board-level sustainability committees. The study employs a quantitative research design using a panel dataset of non-financial firms listed on the BIST Sustainability Index from 2014 to 2023. ESG content intensity is measured using BERT-based computational text analysis, and hypotheses are tested using fixed-effects panel regression models. Higher ESG content intensity has been demonstrated to be significantly associated with accelerated report disclosure. The role of sustainability committees in promoting efficiency in reporting processes is also a salient factor. However, a substantial negative interaction effect indicates that committee effectiveness diminishes as content complexity increases, thereby demonstrating a governance bottleneck. For regulators, the findings suggest that uniform disclosure deadlines may be counterproductive; tiered deadlines based on content complexity could be more effective. For practitioners, the results highlight the need to invest in digital reporting infrastructure to mitigate governance bottlenecks. For investors, disclosure timeliness can serve as a quantifiable metric of managerial agility and information risk, with delays in committee-led firms signaling potential internal control weaknesses. This study provides the first systematic examination of the ESG content-timeliness relationship in an emerging market using advanced NLP techniques. It introduces "temporal signaling" to sustainability literature and offers novel empirical evidence on the dual role of sustainability committees, providing a more nuanced understanding of corporate disclosure dynamics.

Sustainability-oriented business practices are increasingly recognized as vital in the corporate landscape. These practices, grounded in Environmental, Social, and Governance (ESG) criteria, aim to address not only the financial performance of companies but also their societal and environmental impacts. This study examines the influence of ESG practices on brand value, utilizing data from companies listed on Borsa Istanbul, Turkiye. Employing the Driscoll-Kraay robust standard errors panel data method on a sample spanning the years 2011-2021, the findings indicate that enhanced ESG performance significantly elevates brand value. Social categories, particularly those related to labor management, human rights protection, community involvement, and product responsibility, demonstrate a strong positive influence on brand value. Environmental categories, such as efficient resource management and emission reduction, also contribute positively to brand value, though their impact is comparatively less substantial. Governance categories present mixed results; while management performance has a positive effect on brand value, shareholder-centric practices exhibit a negative impact. Additionally, the study also reveals that the impact of ESG practices on brand value is more pronounced in companies that are less profitable, smaller, more leveraged, less liquid, and younger. The results suggest that companies should adapt their ESG strategies based on their particular attributes to optimize the impact on brand value. Further, the study once again underlines the importance of a comprehensive approach towards ESG that maintains a balance between short-term gains and long-term sustainability. Such insights can also provide useful guidance to companies, investors, and policymakers by using ESG practices as an effective tool to enhance brand value and achieve success in the long term.

This study examines the relationship between national institutional quality and banking sector performance using a comprehensive panel dataset of 448 bank-year observations across 28 countries during 2010-2020. Employing multiple econometric approaches, including fixed effects, random effects, and instrumental variable estimation, we investigate how six dimensions of institutional quality from the World Governance Indicators influence key banking performance measures, including profitability, efficiency, stability, and risk management. The empirical results demonstrate robust positive relationships between institutional quality and banking performance across all specifications. Rule of Law emerges as the most influential institutional dimension, with a one standard improvement corresponding to 0.52 percentage point increases in Return on Assets and 2.84 percentage point reductions in Non-Performing Loans Ratios. The analysis reveals that institutional effects operate through distinct transmission mechanisms, with Rule of Law primarily affecting credit risk outcomes, Government Effectiveness influencing capital adequacy measures, and Control of Corruption enhancing operational efficiency. Institutional effects exhibit significant heterogeneity across development levels and periods. Developing countries demonstrate institutional effect magnitudes approximately four times larger than developed economies, while crisis periods show effects 40 percent stronger than normal periods. Moving from the 25th to the 75th percentile of institutional quality corresponds to nearly one percentage point improvement in Return on Assets, representing economically meaningful enhancements in the banking sector performance. The findings have important policy implications for financial sector development strategies. The results suggest that institutional development should constitute a primary priority for countries seeking to strengthen their banking sectors, with legal framework improvements yielding particularly high returns. The differential effects across development contexts indicate that governance reforms may provide especially valuable benefits in developing countries, where institutional constraints bind more tightly on financial sector performance.

This study’s goal is to present a comprehensive bibliometric analysis of governance measures in relation to sustainable banking, with a focus on the development of themes over time, interdisciplinary approaches, and the contribution of various regions of the world to this field. A bibliometric assessment was performed based on the analysis of trends, geographic contributions, and thematic clustering to assess the intellectual structure and research advancement of governance indicators in sustainable banking. Key areas of focus in the analysis included leading figures and institutions in the field and key publications and issues in their works. The synthesis suggests the significance of the “governance approach”, which emerged as one of the key areas connecting practices of sustainability, economic growth, and institutions. It is emphasized that, after 2010, the emphasis of research shifted from corporate governance to more comprehensive, ‘sustainable development’ models with emphasis on environmental, social, and governance (ESG) parameters within banking systems. The international aspect of research, which largely involves American, Chinese, and Indian scholars, demonstrates the integrative and varied nature of scholarly activity, while the focus of developing countries is on regional policy adaptation. This study contributes to a better understanding of the context and the complexity of the roles played by governance indicators in regard to sustainable banking. It emphasizes the need to integrate operational frameworks and criteria measures to assess governance control and reach suitable outcomes. On the one hand, it explores the scope, and on the other, it supports further research and thus enriches further the development of sustainable governance practices within the banking sector and its related fields.

Muhasebe mesleğinin seçimine ilişkin karar vermek muhasebe dersi almış öğrenciler için hem çok önemli hem de zor bir süreçtir. Bu karar verme sürecinin anlaşılması öğrenciler, eğitim kurumları ve muhasebe meslek örgütleri için önem arz etmektedir. Buradan hareketle bu araştırmada, üniversitede muhasebe dersi almış veya almakta olan öğrencilerin muhasebe meslek mensubu olma niyetlerini etkileyen faktörlerin Planlı Davranış Teorisi çerçevesinde belirlenmesi amaçlanmaktadır. Oluşturulan modelin değişkenlerine dayalı olarak hazırlanan anket formu Google Forms aracılığıyla muhasebe dersi almış veya almakta olan 247 öğrenciye uygulanarak veri toplanmıştır. Araştırma modelinde yer alan ilişkileri test etmek için Yapısal Eşitlik Modellemesi (YEM) analizi gerçekleştirilmiştir. Yapılan analiz sonucunda modelde yer alan değişkenlerden muhasebe mesleğine yönelik tutumun, subjektif normların ve algılanan davranışsal kontrolün muhasebe meslek mensubu olma niyeti üzerinde istatistiki olarak anlamlı ve pozitif yönde etkilerinin olduğu sonucuna ulaşılmıştır.