FINANCIAL REPORT TRANSPARENCY AND FINANCIAL PERFORMANCE: A RESEARCH ON BORSA ISTANBUL

Year 2021, Volume: 39 Issue: 3, 379 - 390, 29.09.2021

Bilal Zafer Berikol Koray Tuan

https://doi.org/10.17065/huniibf.808007

Abstract

Transparency in financial reports is seen as a critical element that makes it possible to evaluate the current financial performance of companies and is also necessary for the effective functioning of capital markets. This study investigates the relationship between financial report transparency and financial performance of company. For this purpose, 359 firm/year data obtained from non-financial institutions traded in Borsa Istanbul Corporate Governance Index between 2007 and 2019 are analyzed with the fixed effects model. The public disclosure and transparency score is used to measure financial report transparency. Research results indicate that there is no statistically significant relationship between financial report transparency and financial performance of company.

Keywords

Corporate governance, financial report transparency, financial performance

FİNANSAL RAPOR ŞEFFAFLIĞI VE FİNANSAL PERFORMANS: BORSA İSTANBUL’DA BİR ARAŞTIRMA

Abstract

Finansal raporlarda şeffaflık, şirketlerin mevcut finansal performanslarının değerlendirilebilmesini mümkün kılan ve sermaye piyasalarının etkin işleyişi için de gerekli olan kritik bir unsur olarak görülmektedir. Bu çalışma, finansal rapor şeffaflığı ile şirketin finansal performansı arasındaki ilişkiyi araştırmaktadır. Bu amaç doğrultusunda, 2007-2019 yılları arasında Borsa İstanbul Kurumsal Yönetim Endeksi’nde işlem gören finansal olmayan kuruluşlardan elde edilen 359 şirket/yıl verisi sabit etkiler modeli ile analiz edilmiştir. Finansal rapor şeffaflığının ölçülmesinde şirketin almış olduğu kamuyu aydınlatma ve şeffaflık puanından yararlanılmıştır. Araştırma sonuçları, finansal rapor şeffaflığı ile şirketin finansal performansı arasında istatistiksel olarak anlamlı bir ilişki olmadığına işaret etmektedir.

Keywords

Kurumsal yönetim, finansal rapor şeffaflığı, finansal performans

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