Yıllık Bağımsız Denetim Raporlarının Borsa Performansına Etkisi: Türkiye ve Almanya’dan Ampirik Sonuçlar

Year 2020, Volume: 15 Issue: 2, 389 - 410, 01.08.2020

Göksal Selahatdin Kelten , Hakan Sarıtaş

https://doi.org/10.17153/oguiibf.528777

Cited By: 2

Abstract

Günümüz dünyasında endüstri, teknoloji ve lojistik alanındaki yenilikler ülke sınırlarını yok etmekte ve küreselleşen dünyada ekonomik anlamda karar almak karmaşıklaşmakta ve zorlaşmaktadır. İşletmelerle ilgili bilgilerin doğruluğu ve güvenirliği bireysel ve kurumsal yatırımcılar için daha fazla önem arz eder hale gelmiştir. Bağımsız denetim kuruluşları işletmelerin hazırlamış olduğu finansal bilgilerin herhangi bir aksaklık, düzensiz-lik, hata ve hile içerip içermediğini önceden belirlenmiş kıstaslara göre değerlendirmekte ve neticesini paydaşla-rın kullanımına sunmaktadır. Mevcut ve potansiyel yatırımcılar alacakları kararlarda denetim raporlarından yararlanmaktadırlar. Bu çalışmada, Türkiye ve Almanya borsasında denetim raporlarının finansal piyasalara ve yatırımcılara etkisi Vaka Analizi yöntemiyle araştırılmak-tadır. Elde edilen sonuçlara göre her iki borsada da istatistiksel olarak anlamlı bir etkinin varlığı söz konusu olsa da, Almanya borsasında bu etkinin daha kısa sürdü-ğü bulgular arasındadır.

Keywords

Bağımsız Denetim, Vaka Analizi, Finansal Piyasalar

The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany

Abstract

In today's world, innovations in the field of industry, technology and logistics are destroying the borders of countries and it is becoming more complicated and difficult to make an economic decision in globalized world. The accuracy and reliability of information related with companies have become more important for indi-vidual and institutional investors. The independent audit-ing firms evaluate the financial information of the enter-prises whether they include any problems, irregularities, errors and frauds according to predetermined criteria, and presents the result to the use of the third parties. Existing and potential investors benefit from audit reports in their decisions. In this study, the impacts of audit reports on financial markets and investors in Turkey and German stock markets have been studied by Case Study Analysis. According to the findings, although there are statistically significant results in both markets, the effect lasts shorter in the German stock market than Turkey.

Keywords

Independent Auditing, Case Studies, Financial Markets

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