The empirical results of this study lead to a major implication for Turkey, which is to increase
companies’ awareness and understanding of CSR. The lack of managers’ awareness about
CSR reporting techniques leads to distortions in terms of its comparable measurement.
Thus, workshops and seminars can be held to increase the effectiveness of firms’ reporting
strategy and annual report preparations. The robust measurement of CSR will undoubtedly
lead to sustainable growth when combined with the corporate values of a maximisation of
long-term value creation. The conflicts and debates in emerging markets about the CSR
concept can be overcome by the generation of a controlling mechanism like a CSR
consulting body. Therefore, regulations to monitor, benchmark and report data on annual
reports will lead to objective and comparative CSR evaluation and therefore lead to the
sustainable performance of the firms.
However, as we have seen, not enough attention has been paid to the relationship between
CSR and intellectual capital in developing countries. CSR is an activity of increasing
importance that is likely to seemore significant results and positive correlations in the long term.