Yıl 2018, Cilt 3 , Sayı 2, Sayfalar 133 - 149 2018-12-28

DOES MANDATORY INTEGRATED REPORTING AFFECT STOCK PRICES? AN EMPIRICAL STUDY ON THE JOHANNESBURG STOCK EXCHANGE

Ali Rıza Zafer SAYAR [1] , Metin Can TOKDEMİR [2]


Integrated Reporting (IR) is one of the new reporting phenomenon that have gained widespread attention over the last decade because of the growing demand on non-financial forward-looking information. It combines financial and non-financial information such as governance and social information under one report. Even though this implementation framework has been published, there is need to address its effects on share prices and earnings per share ratio with an analytical manner. In this paper we have adopted a panel data analysis to test the effects of mandatory IR implementation on companies listed in the Johannesburg Stock Exchange. The connection was established through a panel data analysis on two separate models composed of financial ratios, between the years of 2007 and 2016 using a dummy variable starting from 2011 to incorporate the commencement of mandatory IR. 

Integrated Reporting, Stock Price Valuation, Earnings Per Share
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Orcid: 0000-0002-2731-8209
Yazar: Ali Rıza Zafer SAYAR (Sorumlu Yazar)
Kurum: TOBB UNIVERSITY OF ECONOMICS AND TECHNOLOGY
Ülke: Turkey


Orcid: 0000-0002-4859-208X
Yazar: Metin Can TOKDEMİR
Kurum: Hacettepe University
Ülke: Turkey


Tarihler

Başvuru Tarihi : 21 Eylül 2018
Kabul Tarihi : 4 Aralık 2018
Yayımlanma Tarihi : 28 Aralık 2018

APA Sayar, A , Tokdemir, M . (2018). DOES MANDATORY INTEGRATED REPORTING AFFECT STOCK PRICES? AN EMPIRICAL STUDY ON THE JOHANNESBURG STOCK EXCHANGE . Journal of Research in Business , 3 (2) , 133-149 . DOI: 10.23892/JRB.2019.26