TY - JOUR T1 - THE CONTENT ANALYSIS OF THE COMPANY VALUATION REPORTS IN TURKIYE AU - Öztürk, Selahattin Çağatay AU - Sayılgan, Guven PY - 2024 DA - December Y2 - 2024 DO - 10.17261/Pressacademia.2024.1953 JF - Journal of Economics Finance and Accounting JO - JEFA PB - Suat TEKER WT - DergiPark SN - 2148-6697 SP - 136 EP - 150 VL - 11 IS - 2 LA - en AB - Purpose- This study marks a pioneering effort in researching the scope of valuation reports prepared before initial public offerings in Türkiye. There is a scarcity of literature on the extent of analyst reports in the international arena. The primary objective is to address this significant gap in the existing body of literature. It serves as a valuable resource for academic researchers while also offering highly beneficial insights for brokerage firms and investors. Furthermore, the study has yielded crucial findings relating to regulatory authority regulations and the advancement of capital markets. Methodology- A total of 116 valuation reports prepared prior to 116 initial public offerings in Türkiye from 2013 to 2021 underwent manual text analysis. A Yes/No algorithm was used to calculate scores for 97 variables under the sections CP, CCI, CFA, CSA, and CVA. The cumulative score across all sections represented the VRCI.Findings- The average IPO valuation report covers 31 out of 97 variables. The CP indicator has consistently increased, particularly after 2019. The average scores generated from the CCI indicator in valuation reports are relatively low. The CSA indicator scores are notably low. The score for the CVA 1 indicator is also low. The average score of the CVA 3 varies each year, while the CVA 4 indicator shows an increase after 2018.Conclusion- The valuation reports have significant deficiencies in terms of content. The findings indicate that brokerage firms should mitigate information asymmetry by furnishing comprehensive information in valuation reports. 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