DETERMINANTS OF THE TIMELINESS OF FINANCIAL REPORTING: EMPIRICAL EVIDENCE FROM TURKEY

Year 2019, Volume: 37 Issue: 2, 365 - 386, 28.06.2019

Gülhan Suadiye

https://doi.org/10.17065/huniibf.399838

Cited By: 6

Abstract

Timeliness is a fundamental
characteristic of the relevance of financial information and critical for the
functioning of an efficient capital market. This study has two cardinal aims;
firstly it aims to determine the timeliness of financial reporting for Turkish
listed firms. Secondly, the study aims to investigate the impact of firm
specific factors- profitability, size- and other related factors such as
sector, index and auditing on the timeliness of financial reporting in Turkey.
The statistical results indicate that 73 % of the firms that prepare
consolidated financial statements and 57 % of the firms that prepare
unconsolidated financial statements publish their financial reports earlier
than the regulatory deadline. Estimation results of multivariate regression
indicate that profitability, firm size, audit firm, index which firms are
listed and sector affect the timeliness of financial reporting. 

Keywords

Timeliness, the timeliness of financial reporting

FİNANSAL RAPORLAMANIN ZAMANINDA YAPILMASININ BELİRLEYİCİLERİ: TÜRKİYE'DEN AMPİRİK KANIT

Abstract

Zamanında sunum, finansal bilginin ihtiyaca uygunluğunun
önemli bir özelliğidir ve sermaye piyasasının etkin işleyişi açısından kritik
öneme sahiptir. Bu çalışmanın iki temel amacı vardır. Birincisi, Türkiye'de
finansal raporlamanın zamanlılığını belirlemektir. İkincisi ise karlılık,
büyüklük gibi firmaya özgü faktörler ile sektör, endeks ve denetim firmaları
gibi ilgili diğer faktörlerin Türkiye’deki finansal raporlamanın zamanlamasına
ilişkin etkilerini araştırmaktır. Tanımlayıcı analiz sonuçlarına göre konsolide
finansal tablolar hazırlayan şirketlerin % 73'ü, konsolide olmayan finansal
tablolar hazırlayan şirketlerin de % 57'si mali raporlarını yasal sürenin
bitiminden önce yayınlamaktadırlar. Çok değişkenli regresyonun tahmin
sonuçları, kârlılığın, şirket büyüklüğünün, denetim firmasının, şirketlerin
listelendiği endeksin ve sektörün, finansal raporlamanın zamanlamasını
etkilediğini göstermektedir. 

Keywords

Zamanında sunum, finansal raporlamanın zamanlılığı

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