Exploring the Non-Linear Impacts of Digital Maturity on Corporate Sustainability: New Evidence from Türkiye

Authors : Mine Aksoy, Mustafa Kemal Yılmaz, Esra Cengiz Tırpan, Mehtap Özşahin, Erman Coşkun, Özgür Uysal

Pages : 107-131

Doi:10.30784/epfad.1813705

View : 177 | Download : 635

Publication Date : 2025-10-31

Article Type : Research Paper

Abstract :This study explores the impact of digital maturity on the environmental, social, and governance (ESG) performance of Turkish companies listed on Borsa Istanbul. The analysis is based on a sample of 49 non-financial firms included in the BIST 100 Index, covering the period of 2016-2022. A digital maturity index is constructed using a text mining approach to quantify the frequency of digital-related terms in the firm’s annual reports. Panel data analysis is employed to investigate the relationship between digital maturity and ESG performance. The findings indicate that digital maturity has a significant inverse U-shaped effect on social performance, an insignificant inverse U-shaped effect on environmental performance, and an insignificant U-shaped effect on corporate governance performance. The results suggest that moderate levels of digitalization enhance social performance, whereas excessive digitalization may have an adverse effect.
Keywords : Dijital Olgunluk, Gelişmekte Olan Pazarlar, ESG Performansı, Sürdürülebilirlik, Türkiye

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