As a result of a study conducted under a Scientific Research Project (BAP) supported by İstanbul Gelişim University, a chapter has been published in the book titled Bankacılık ve Sigortacılıkta Güncel Gelişmeler (Current Developments in Banking and Insurance).

The chapter, titled "Sigorta Şirketlerinde ESG Performansı ile Piyasa Performansı Arasındaki İlişki: Türkiye Örneği" (The Relationship Between ESG Performance and Market Performance in Insurance Companies: The Case of Türkiye), examines the relationship between the environmental (E), social (S), and governance (G) performance of insurance companies listed on Borsa İstanbul and their market performance.

In the study, ESG indicators were constructed using data drawn from the sustainability reports of insurance companies operating in Türkiye for the 2018–2025 period. The relationship between the companies' sustainability performance and their market performance was then examined using various econometric methods.

The findings contribute to the analysis of the relationship between insurance companies' ESG performance and their market-to-book (P/B) ratio, while highlighting the particular importance of governance performance among the sub-dimensions of ESG.

Contribution to Academic Output

Emerging from the work led by İPUAM, this publication stands out as one of the significant outputs supporting İstanbul Gelişim University's scientific research, academic publishing, and sustainability-focused activities.

Authors of the book chapter:

  • İlknur Külekçi – İstanbul Gelişim University
  • Polat Öter – İstanbul Gelişim University
  • Selin Akdiş – İstanbul Gelişim University
  • Meryem Dal – İstanbul Gelişim University

The chapter appears in Bankacılık ve Sigortacılıkta Güncel Gelişmeler (Current Developments in Banking and Insurance), edited by Ahmet Uyar.

As İGÜ–İPUAM, we will continue to support the transformation of academic research into high-quality publications and social and economic impact.