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Article Citation - WoS: 3Citation - Scopus: 4Financial Constraints and the ESG-Firm Performance Nexus in the Automotive Industry: Evidence From a Global Panel Study(MDPI, 2025) Dincergok, Burcu; Pirgaip, BurakThis study examines the complex relationship between environmental, social, and governance (ESG) and financial performance in the automotive industry, with a particular focus on how financial constraints shape this relationship. Using a global data set for the period 2008 to 2023 and employing a range of panel data techniques, including those addressing endogeneity concerns, we find that higher ESG scores positively affect financial performance. Specifically, a one-point rise in ESG score corresponds to an estimated 1-1.7% increase in the market-to-book ratio, with the effect reaching approximately 1.6% for firms facing financial constraints. These findings highlight the economic significance of ESG engagement, particularly for resource-constrained companies. The novelty of this study is that it focuses on the automotive sector, an industry with limited ESG-specific research, and that it makes a theoretical contribution by linking ESG performance outcomes to financial constraints, an angle largely overlooked in prior research. The findings offer critical policy insights, emphasizing the strategic importance of ESG initiatives for value creation under varying financial conditions.Book Part The Effect of Market Orientation on Performance of Private Hospitals: The Pivotal Role of the Marketing Function(Springer Nature, 2016) Tengilimoglu,D.; Atilla,E.A.; Dursun-Kilic,T.The objectives of this study are threefolded: (1) To measure the level of market orientation of private hospitals, (2) to examine the effects of the availability of a formal marketing department on market orientation and hospital performance, and finally (3) to examine the link between market orientation and performance of hospitals at the component level. Managers from 400 private hospitals in Turkey were surveyed with a usable response rate of 25 %. A positive connection was found between the level of the hospital’s market orientation and the presence of a marketing department in the hospital. The study results revealed that market orientation is positively related to general performance. According to the results of the component-level analysis, the three dimensions of market orientation had significant positive impacts on general performance. This study also showed that a statistically significant difference exists between the general performance assessments of the hospitals having a formal marketing department and of those not having a marketing department. Managerial implications of the results were discussed and study limitations and future research suggestions were also provided. © 2016, Academy of Marketing Science.
