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As a consequence of the technological and economic developments experienced in line with globalization, the competition between companies and dependency of societies to one another increased. This burdened the companies the responsibility of developing their knowledge and interest in the society in which they live and operate. Within this framework, the concept of “Institutional Social Responsibility” came into prominence as well.              Companies prepare reports for the purpose of publicizing the projects they fulfill with respect to institutional social responsibility in addition to explaining their financial situations. In this study, the companies operating in BIST-30 Index in Turkey were classified on sector basis and reports indicating the projects they fulfill in accordance with the concept of institutional social responsibility were discussed and assessed.  

In recent decades, it is gaining more and more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. To achieve sustainable development and growth, the companies must assume more duties, which is called the term “corporate social responsibility (CSR).” In the literature, it is questioned whether CSR activities benefit the company or not; whether there is any relationship exists between CSR activities and the company’s financial performance and the direction of the relationship. We aimedto explore that whether there is any effect corporate social performance (CSP) on financial performance and position and vice versa. We performed content analysis through annual reports and derived a social score composed of the items included in disclosure guidelines and some criteria used in CSR ratings. We also used several financial position and financial performance indicators. In order to explore the relationship between CSP and financial indicators, we run panel data regressions. We found significant results for some of the indicators, where some of the indicators gave insignificant results. The reporting of CSR activities is in very low levels. The conscious toward CSR and sustainability must be promoted and the companies must assume more active roles. The reporting of those activities is also important.