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

Yıl 2018, , 133 - 149, 28.12.2018

Ali Rıza Zafer Sayar , Metin Can Tokdemir

https://doi.org/10.23892/JRB.2019.26

Cited By: 3

Öz

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. 

Anahtar Kelimeler

Integrated Reporting, Stock Price Valuation, Earnings Per Share

Kaynakça

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