The effect of corporate governancein corporate social responsibility implementations of businesses: An application on BIST-100 companies

Consumption of natural resources by businesses in order to make greater profits has raised environmental problems and concerns. The efforts of businesses towards satisfying their social and environmental responsibilities beside making profit is defined as corporate social responsibility. Corporate social responsibility which is based on the operating of businesses with an environmental consciousness is considered as a part of their corporate governance philosophy. Thus, companies which have an efficient corporate governance are expected to fulfill their corporate social responsibilities effectively. The aim of this study is to examine the effect of corporate governance in corporate social responsibility implementations. In this study, data belonging to 91 firms whose shares have been traded within BIST-100 index of Borsa İstanbul in the year of 2016, have been used. The effect of corporate governance in corporate social responsibility implementations has been analyzed by using binary logistic regression technique. As the main result of the analysis there wasn't any statistically significant relationship determined between Turkish firms' levels of corporate governance and their corporate social responsibility implementations. Moreover; as the control variables firm size, industry profile, percentage of publicly traded shares, book value of equity capital and economic performance have been used. It has been found that firm size, industry profile, percentage of publicly traded shares and book value of equity capital control variables have statistically significant direct relation with corporate social responsibility implementations of firms. Keywords: Corporate Social Responsibility, Corporate Governance