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Sağlık Kurumlarında Kurumsal Sosyal Sorumluluk ve Finansal Performans İlişkisi: Uluslararası Kanıtlar

Yıl 2025, Cilt: 17 Sayı: 32, 378 - 389, 30.05.2025

Hüseyin Temiz , Fatih Şantaş , Gülcan Şantaş

Öz

Amaç: Bu çalışma sağlık kuruluşlarının kurumsal sosyal sorumluluk performansı ile finansal performansı arasındaki ilişkiyi uluslararası örneklem kullanarak incelemektedir.
Tasarım/Yöntem: Bu çalışmada Sıradan En Küçük Kareler, Ağırlıklı En Küçük Kareler, Ülke ve Kurum Sabit Etkiler Modelleri dâhil olmak üzere kuruluşların kurumsal sosyal sorumluluk performansı ve metodolojileri için çeşitli alternatif temsillerinden yararlanılmıştır. Çalışmanın örneklemini 21 ülkeden firmaların 1514 firma yılı gözlemi oluşturmaktadır ve ilgili veriler Refinitiv veri tabanından elde edilmiştir.
Bulgular: Kuruluşların kurumsal sosyal sorumluluk performansı ile finansal performansı arasındaki ilişkinin sağlık sektöründe anlamlı olduğunu doğrulamaktadır. Diğer bir ifadeyle, bu çalışma kuruluşların kurumsal sosyal sorumluluk performansının finansal performans üzerinde pozitif ve istatistiksel olarak anlamlı bir etkiye sahip olduğunu gösteren kanıtlar sunmaktadır.
Sınırlılıklar: Örneklemin veri tabanında yer alan sağlık kuruluşlarını ve mevcut dönemlerini içermesi araştırımın sınırlılıklarıdır.
Özgünlük/Değer: Diğer alanlarda yoğun olarak çalışılmasına karşın sağlık kuruluşları kapsamında sınırlı sayıda incelenen kurumsal sosyal sorumluluk ve finansal performans ilişkisinin bu çalışmada incelenmesi ve kurumsal sosyal sorumluluk ile ilgili konuların sağlık kuruluşlarının karlılığı ve hayatta kalmaları için önemli olduğuna dair kanıtların sunulması araştırmanın özgün değerini oluşturmaktadır.

Anahtar Kelimeler

Sosyal Performans Kurumsal Sosyal Sorumluluk Finansal Performans Sağlık Kurumları.

Kaynakça

  • Abderraouf, G. & Nadira R. (2018). The Impact of Corporate Social Responsibility On Quality Health, Safety and Environment, European Journal of Multidisciplinary Studies, 3(2): 43-52. https://doi.org/10.26417/ejms.v7i2.p43-52
  • Bodenheimer, T., & Sinsky, C. (2014). From triple to quadruple aim: care of the patient requires care of the provider. The Annals of Family Medicine, 12(6), 573-576. https://doi.org/10.1370/afm.1713
  • Brandao, C., Rego, G., Duarte, I. and Nunes, R. (2013). Social Responsibility: A New Paradigm of Hospital Governance? Health Care Anal, 21: 390–402. https://doi.org/10.1007/s10728-012- 0206-3
  • Cho, S., Chung, C.Y. & Young, J. (2019). Study on the Relationship Between CSR and Financial Performance. Sustainability, 11(343): 1-26. https://doi.org/10.3390/su11020343
  • Chowdhury, M., Paul, S. K., Kaisar, S., & Moktadir, M. A. (2021). COVID-19 pandemic related supply chain studies: A systematic review. Transportation Research Part E: Logistics and Transportation Review, 145, 102206. https://doi.org/10.1016/j.tre.2021.102271
  • Detthamrong, U., Chancharat, N. & Vithessonthi, C. (2017). Corporate Governance, Capital Structure and Firm Performance: Evidence from Thailand. Research in International Business and Finance, 42: 689-709. https://doi.org/10.1016/j.ribaf.2017.07.011
  • Droppert, H. & Bennett S. (2015). Corporate Social Responsibility in Global Health: An Exploratory Study of Multinational Pharmaceutical Firms. Globalization and Health, 11(15): 1-8. https://doi.org/10.1186/s12992-015-0100-5
  • Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance & Investment, 5(4), 210-233. https://doi.org/10.1080/20430795.2015.1118917
  • Gharaee, H., Bahrami, M.A., Rejaliyan, F., Atashbahar, O.B., Homayouni, A., Ataollahi, F. & Jamali, E. (2013). Corporate Social Responsibility of Hospitals: The Effect of Emotional Intelligence. Middle-East Journal of Scientific Research, 17(7): 842-847. https://doi.org/10.5829/idosi.mejsr.2013.17.07.7649
  • Griffin, J.J. & Mahon J.F. (1997). The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research. Business Society, 36(5): 5- 31. https://doi.org/10.1177/00076503970360010
  • Gujarati, D.N. (2009). Basic Econometrics, New York: TataMcGraw-Hill Education.
  • Han, S., Kang, T., Salter, S., & Yoo, Y.K. (2010). A Cross-Country Study on the Effects of National Culture on Earnings Management. Journal of International Business Studies, 41(1): 123-141. https://doi.org/10.1057/jibs.2008.78
  • Hwang, Y.I. & Chung S.A. (2018). Market Orientation, Social Responsibility, And Performance in Korea's Healthcare Industry. International Journal of Healthcare Management, 11(4): 325-332. https://doi.org/10.1080/20479700.2017.1404728
  • Ioannou, I. & Serafeim, G. (2012). What Drives Corporate Social Performance? The Role of NationLevel Institutions. Journal of International Business Studies, 43(9): 834-864. https://doi.org/10.1057/jibs.2012.26
  • Jang, S.S., Ko, H., Chung, Y. & Woo, C. (2019). CSR, Social Ties and Firm Performance. Corporate Governance, 19(6): 1310-1323. https://doi.org/10.1108/CG-02-2019-0068
  • Jayachandran, S., Kalaignanam, K. & Eilert, M. (2013). Product and Environmental Social Performance: Varying Effect on Firm Performance. Strategic Management Journal, 34(10): 1255-1264. https://doi.org/10.1002/smj.2054
  • Kumari, S., & Kumar, R. (2020). Green hospital-A necessity and not option. Journal of Management Research and Analysis, 7(2), 46-51. https://doi.org/10.18231/j.jmra.2020.010
  • Leela, V. (2014). Corporate social responsibility in hospitals: need for transparent CSR initiatives for internal and external stakeholders. International Journal of Business Ethics in Developing Economies, 3(1), 8-18. http://www.publishingindia.com/ijbede/51/corporate-social￾responsibility-in-hospitals-need-for-transparent-csr-initiatives-for-internal-and-external￾stakeholders/333/2432/
  • Lubis, A.N. (2018). Corporate Social Responsibility in Health Sector: A Case Study in the Government Hospitals in Medan, Indonesia, Business: Theory and Practice, 19:25–36. https://doi.org/10.3846/btp.2018.04
  • Macuda, M. (2016). Corporate Social Responsibility: A New Trend in Hospital Accounting? Prace Naukowe Uniwersytetu Ekonomicznego w Katowicach, 284: 76–86. https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/SE_Artyku%C5%82y_271_2 90/SE_284/07.pdf
  • Mak, Y.T. & Kusnadi, Y. (2005). Size Really Matters: Further Evidence on the Negative Relationship Between Board Size and Firm Value. Pacific-Basin Finance Journal, 13(3): 301-318. https://doi.org/10.1016/j.pacfin.2004.09.002
  • Miller, S.R., Eden, L. & Li D. (2020). CSR Reputation and Firm Performance: A Dynamic Approach. Journal of Business Ethics, 163: 619–636. https://doi.org/10.1007/s10551-018-4057-1
  • Mishra, S., & Suar, D. (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics, 95(4): 571-601. https://doi.org/10.1007/s10551- 010-0441-1
  • Porter, M. E., & Kramer, M. R. (2011). Creating shared value. Harvard Business Review, 89(1/2), 62- 77. https://hbr.org/2011/01/the-big-idea-creating-shared-value
  • Refinitive Environmental, Social and Governance (ESG) Scores from Refinitive (2021). Retrieved from: https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/refinitiv-esg￾scores-methodology.pdf
  • Roman, R.M., Hayıbor, S. & Agle, B.R. (1999). The Relationship Between Social and Financial Performance. Business Society, 38: 109-125. https://doi.org/10.1177/000765039903800105
  • Russo, F. (2016). What is the CSR’s Focus in Healthcare? Journal of Business Ethics, 134: 323-334. https://doi.org/10.1007/s10551-014-2430-2
  • Safkaur O. (2016). Corporate Social Responsibility in The Health Sector for Papua Indonesia. International Journal of Scientific & Technology Research, 5(04): 159-167. https://www.ingentaconnect.com/content/doaj/22778616/2015/00000004/00000008/art00594
  • Shaukat, A., Qiu, Y. & Trojanowski, G. (2016). Board Attributes, Corporate Social Responsibility Strategy, and Corporate Environmental and Social Performance. Journal of Business Ethics, 35(3): 569-585. https://doi.org/10.1007/s10551-014-2460-9
  • Takahashi, T., Ellen, M. & Brown, A. (2013). Corporate Social Responsibility and Hospitals: US Theory, Japanese Experiences, And Lessons for Other Countries. Healthcare Management Forum, 26:176–179. https://doi.org/10.1016/j.hcmf.2013.07.0
  • Waddock, S.A. & Graves SB. (1997). The Corporate Social Performance– Financial Performance link. Strategic Management Journal, 18(4): 303–319. https://doi.org/10.1002/(SICI)1097- 0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G
  • Yang M, Bento P, & Akbar A. (2019). Does CSR Influence Firm Performance Indicators? Evidence from Chinese Pharmaceutical Enterprises. Sustainability, 11(5656): 1-18. https://doi.org/10.3390/su11205656

Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence

Yıl 2025, Cilt: 17 Sayı: 32, 378 - 389, 30.05.2025

Hüseyin Temiz , Fatih Şantaş , Gülcan Şantaş

Öz

Purpose: This study examines the relationship between corporate social responsibility performance and financial performance of healthcare organisations using an international sample.
Design/Methodology: This study utilises various alternative representations of corporate social responsibility performance and methodologies for organisations, including Ordinary Least Squares, Weighted Least Squares, Country and Institution Fixed Effects Models. The sample of the study consists of 1514 firm-year observations of firms from 21 countries and the relevant data were obtained from the Refinitiv database.
Findings: The study confirms that the relationship between organisations' corporate social responsibility performance and financial performance is significant in the healthcare sector. In other words, this study provides evidence that organisations' corporate social responsibility performance has a positive and statistically significant effect on financial performance.
Limitations: The fact that the sample consists of healthcare institutions that are covered by the data provider and the sample period only covers the years in which the institutions have required data are the limitations of the study.
Originality/Value: The originality of this study lies in the fact that it examines the relationship between corporate social responsibility and financial performance, which has been extensively researched in other sectors but limited in the context of healthcare organisations, and provides evidence that corporate social responsibility issues are important to the profitability and survival of healthcare organisations.

Anahtar Kelimeler

Social Performance Corporate Social Responsibility Financial Performance Healthcare Institutions

Kaynakça

  • Abderraouf, G. & Nadira R. (2018). The Impact of Corporate Social Responsibility On Quality Health, Safety and Environment, European Journal of Multidisciplinary Studies, 3(2): 43-52. https://doi.org/10.26417/ejms.v7i2.p43-52
  • Bodenheimer, T., & Sinsky, C. (2014). From triple to quadruple aim: care of the patient requires care of the provider. The Annals of Family Medicine, 12(6), 573-576. https://doi.org/10.1370/afm.1713
  • Brandao, C., Rego, G., Duarte, I. and Nunes, R. (2013). Social Responsibility: A New Paradigm of Hospital Governance? Health Care Anal, 21: 390–402. https://doi.org/10.1007/s10728-012- 0206-3
  • Cho, S., Chung, C.Y. & Young, J. (2019). Study on the Relationship Between CSR and Financial Performance. Sustainability, 11(343): 1-26. https://doi.org/10.3390/su11020343
  • Chowdhury, M., Paul, S. K., Kaisar, S., & Moktadir, M. A. (2021). COVID-19 pandemic related supply chain studies: A systematic review. Transportation Research Part E: Logistics and Transportation Review, 145, 102206. https://doi.org/10.1016/j.tre.2021.102271
  • Detthamrong, U., Chancharat, N. & Vithessonthi, C. (2017). Corporate Governance, Capital Structure and Firm Performance: Evidence from Thailand. Research in International Business and Finance, 42: 689-709. https://doi.org/10.1016/j.ribaf.2017.07.011
  • Droppert, H. & Bennett S. (2015). Corporate Social Responsibility in Global Health: An Exploratory Study of Multinational Pharmaceutical Firms. Globalization and Health, 11(15): 1-8. https://doi.org/10.1186/s12992-015-0100-5
  • Friede, G., Busch, T., & Bassen, A. (2015). ESG and financial performance: Aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance & Investment, 5(4), 210-233. https://doi.org/10.1080/20430795.2015.1118917
  • Gharaee, H., Bahrami, M.A., Rejaliyan, F., Atashbahar, O.B., Homayouni, A., Ataollahi, F. & Jamali, E. (2013). Corporate Social Responsibility of Hospitals: The Effect of Emotional Intelligence. Middle-East Journal of Scientific Research, 17(7): 842-847. https://doi.org/10.5829/idosi.mejsr.2013.17.07.7649
  • Griffin, J.J. & Mahon J.F. (1997). The Corporate Social Performance and Corporate Financial Performance Debate: Twenty-Five Years of Incomparable Research. Business Society, 36(5): 5- 31. https://doi.org/10.1177/00076503970360010
  • Gujarati, D.N. (2009). Basic Econometrics, New York: TataMcGraw-Hill Education.
  • Han, S., Kang, T., Salter, S., & Yoo, Y.K. (2010). A Cross-Country Study on the Effects of National Culture on Earnings Management. Journal of International Business Studies, 41(1): 123-141. https://doi.org/10.1057/jibs.2008.78
  • Hwang, Y.I. & Chung S.A. (2018). Market Orientation, Social Responsibility, And Performance in Korea's Healthcare Industry. International Journal of Healthcare Management, 11(4): 325-332. https://doi.org/10.1080/20479700.2017.1404728
  • Ioannou, I. & Serafeim, G. (2012). What Drives Corporate Social Performance? The Role of NationLevel Institutions. Journal of International Business Studies, 43(9): 834-864. https://doi.org/10.1057/jibs.2012.26
  • Jang, S.S., Ko, H., Chung, Y. & Woo, C. (2019). CSR, Social Ties and Firm Performance. Corporate Governance, 19(6): 1310-1323. https://doi.org/10.1108/CG-02-2019-0068
  • Jayachandran, S., Kalaignanam, K. & Eilert, M. (2013). Product and Environmental Social Performance: Varying Effect on Firm Performance. Strategic Management Journal, 34(10): 1255-1264. https://doi.org/10.1002/smj.2054
  • Kumari, S., & Kumar, R. (2020). Green hospital-A necessity and not option. Journal of Management Research and Analysis, 7(2), 46-51. https://doi.org/10.18231/j.jmra.2020.010
  • Leela, V. (2014). Corporate social responsibility in hospitals: need for transparent CSR initiatives for internal and external stakeholders. International Journal of Business Ethics in Developing Economies, 3(1), 8-18. http://www.publishingindia.com/ijbede/51/corporate-social￾responsibility-in-hospitals-need-for-transparent-csr-initiatives-for-internal-and-external￾stakeholders/333/2432/
  • Lubis, A.N. (2018). Corporate Social Responsibility in Health Sector: A Case Study in the Government Hospitals in Medan, Indonesia, Business: Theory and Practice, 19:25–36. https://doi.org/10.3846/btp.2018.04
  • Macuda, M. (2016). Corporate Social Responsibility: A New Trend in Hospital Accounting? Prace Naukowe Uniwersytetu Ekonomicznego w Katowicach, 284: 76–86. https://www.ue.katowice.pl/fileadmin/user_upload/wydawnictwo/SE_Artyku%C5%82y_271_2 90/SE_284/07.pdf
  • Mak, Y.T. & Kusnadi, Y. (2005). Size Really Matters: Further Evidence on the Negative Relationship Between Board Size and Firm Value. Pacific-Basin Finance Journal, 13(3): 301-318. https://doi.org/10.1016/j.pacfin.2004.09.002
  • Miller, S.R., Eden, L. & Li D. (2020). CSR Reputation and Firm Performance: A Dynamic Approach. Journal of Business Ethics, 163: 619–636. https://doi.org/10.1007/s10551-018-4057-1
  • Mishra, S., & Suar, D. (2010). Does Corporate Social Responsibility Influence Firm Performance of Indian Companies? Journal of Business Ethics, 95(4): 571-601. https://doi.org/10.1007/s10551- 010-0441-1
  • Porter, M. E., & Kramer, M. R. (2011). Creating shared value. Harvard Business Review, 89(1/2), 62- 77. https://hbr.org/2011/01/the-big-idea-creating-shared-value
  • Refinitive Environmental, Social and Governance (ESG) Scores from Refinitive (2021). Retrieved from: https://www.refinitiv.com/content/dam/marketing/en_us/documents/methodology/refinitiv-esg￾scores-methodology.pdf
  • Roman, R.M., Hayıbor, S. & Agle, B.R. (1999). The Relationship Between Social and Financial Performance. Business Society, 38: 109-125. https://doi.org/10.1177/000765039903800105
  • Russo, F. (2016). What is the CSR’s Focus in Healthcare? Journal of Business Ethics, 134: 323-334. https://doi.org/10.1007/s10551-014-2430-2
  • Safkaur O. (2016). Corporate Social Responsibility in The Health Sector for Papua Indonesia. International Journal of Scientific & Technology Research, 5(04): 159-167. https://www.ingentaconnect.com/content/doaj/22778616/2015/00000004/00000008/art00594
  • Shaukat, A., Qiu, Y. & Trojanowski, G. (2016). Board Attributes, Corporate Social Responsibility Strategy, and Corporate Environmental and Social Performance. Journal of Business Ethics, 35(3): 569-585. https://doi.org/10.1007/s10551-014-2460-9
  • Takahashi, T., Ellen, M. & Brown, A. (2013). Corporate Social Responsibility and Hospitals: US Theory, Japanese Experiences, And Lessons for Other Countries. Healthcare Management Forum, 26:176–179. https://doi.org/10.1016/j.hcmf.2013.07.0
  • Waddock, S.A. & Graves SB. (1997). The Corporate Social Performance– Financial Performance link. Strategic Management Journal, 18(4): 303–319. https://doi.org/10.1002/(SICI)1097- 0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G
  • Yang M, Bento P, & Akbar A. (2019). Does CSR Influence Firm Performance Indicators? Evidence from Chinese Pharmaceutical Enterprises. Sustainability, 11(5656): 1-18. https://doi.org/10.3390/su11205656
Toplam 32 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finansal Muhasebe
Bölüm ARAŞTIRMA MAKALELERİ
Yazarlar

Hüseyin Temiz 0000-0003-0735-8884

Fatih Şantaş 0000-0002-0595-4183

Gülcan Şantaş 0000-0002-0488-9375

Yayımlanma Tarihi 30 Mayıs 2025
Gönderilme Tarihi 2 Şubat 2025
Kabul Tarihi 9 Nisan 2025
Yayımlandığı Sayı Yıl 2025 Cilt: 17 Sayı: 32

Kaynak Göster

APA Temiz, H., Şantaş, F., & Şantaş, G. (2025). Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence. Akademik Araştırmalar Ve Çalışmalar Dergisi (AKAD), 17(32), 378-389. https://doi.org/10.20990/kilisiibfakademik.1631614
AMA Temiz H, Şantaş F, Şantaş G. Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence. Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD). Mayıs 2025;17(32):378-389. doi:10.20990/kilisiibfakademik.1631614
Chicago Temiz, Hüseyin, Fatih Şantaş, ve Gülcan Şantaş. “Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence”. Akademik Araştırmalar Ve Çalışmalar Dergisi (AKAD) 17, sy. 32 (Mayıs 2025): 378-89. https://doi.org/10.20990/kilisiibfakademik.1631614.
EndNote Temiz H, Şantaş F, Şantaş G (01 Mayıs 2025) Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence. Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) 17 32 378–389.
IEEE H. Temiz, F. Şantaş, ve G. Şantaş, “Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence”, Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD), c. 17, sy. 32, ss. 378–389, 2025, doi: 10.20990/kilisiibfakademik.1631614.
ISNAD Temiz, Hüseyin vd. “Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence”. Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD) 17/32 (Mayıs 2025), 378-389. https://doi.org/10.20990/kilisiibfakademik.1631614.
JAMA Temiz H, Şantaş F, Şantaş G. Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence. Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD). 2025;17:378–389.
MLA Temiz, Hüseyin vd. “Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence”. Akademik Araştırmalar Ve Çalışmalar Dergisi (AKAD), c. 17, sy. 32, 2025, ss. 378-89, doi:10.20990/kilisiibfakademik.1631614.
Vancouver Temiz H, Şantaş F, Şantaş G. Corporate Social Responsibility and Financial Performance Relationship in Healthcare Institutions: International Evidence. Akademik Araştırmalar ve Çalışmalar Dergisi (AKAD). 2025;17(32):378-89.
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