İNTERNETTE KURUMSAL RAPORLAMA: TÜRKİYE SERMAYE PİYASASINDA İŞLEM GÖREN ŞİRKETLER ÜZERİNDE BİR İNCELEME

Bu çalışmanın amacı; Türkiye’deki şirketlerin, internette kurumsal raporlama uygulamalarını etkileyen faktörleri incelemektir. Araştırmanın örneklemini, 2011 yılının sonu itibariyle BIST-100 (Borsa İstanbul-100) endeksinde yer alan 92 şirket oluşturmaktadır. Şirketlerin internette kurumsal raporlama uygulamalarının incelenebilmesi için, adı geçen firmaların kurumsal internet siteleri 2012 yılında içerik analizi yöntemi ile analiz edilmiştir. Ayrıca, literatür taramasına dayanarak, büyüklük, sektör, karlılık, kaldıraç, sahiplik yapısı ve kurumsal yönetim şirketlerin internette kurumsal raporlama uygulamalarını etkileyebilecek bağımsız değişkenler olarak çalışma kapsamına dahil edilmiştir. Araştırma sonuçları göstermektedir ki, BIST-100 endeksinde yer alan şirketlerin %97’si kurumsal internet sitelerinde, bilgilerini büyük bir ölçüde açıklamaktadırlar. Yine araştırma sonuçlarına göre kurumsal yönetim endeksinde yer alma ve kaldıraç, şirketlerin internette kurumsal raporlama uygulamalarını etkileyen faktörlerdir. Buna karşın, büyüklük, sektör ve sahiplik yapısı internet sitesinin içeriği, tasarımı ve toplam puanı üzerindeki etkileri farklılık gösteren faktörlerdir.

CORPORATE REPORTING ON THE INTERNET: AN INVESTIGATION ON TURKISH LISTED COMPANIES

The main purpose of this paper is to examine the potential factors that may affect the level of corporate internet reporting of Turkish companies. The sample of the study consists of 92 firms listed on the BIST-100 index at the end of 2011. In order to investigate the companies’ corporate reporting practices on the internet, corporate internet site of the companies for the year of 2012 were analyzed through content analysis. In addition to that, based on the literature review, size, industry type, profitability, leverage, ownership structure and corporate governance are considered as the independent variables that may influence the companies’ corporate reporting practices on the internet. According to result of the study, 97 percent of the companies listed on the BIST-100 index disclose a significant portion of information on their corporate internet site. Results of the analysis indicate that listing on corporate governance index and leverage affect the firms’ corporate reporting practices on the internet. However, size, industry type and ownership structure are the variables that its effect could be different as to content, design and total score of the corporate reporting on the internet

___

  • ALALI, Fatima and ROMERO, Silvia, “The use of the Internet for corporate reporting in the Mercosur (Southern common market): The Argentina case”. Advances in Accounting, Vol. 28, Issue 1, June 2012, s. 157-167.
  • ALY, Doaa, SIMON, Jon, HUSSAINEY, Khaled, “Determinants of corporate internet reporting: evidence from Egypt”, Managerial Auditing Journal, Vol. 25, Issue 2, 2010, s. 182-202.
  • ASLAN, Sinan, “Electronic distribution of business reporting for public information in Turkey”, Iktisat Isletme ve Finans, Vol. 19, No. 220, 2004, s. 51-62
  • BOLEN, Laury, HASSINK, Harold and BOZIC, Gordana, “Measuring and explaining the quality of Internet investor relations activities: a multinational empirical analysis”, International Journal of Accounting Information Systems, Vol. 7, Issue 4, December 2006, s. 273-298.
  • Borsa Istanbul (BIST), 2013, http://borsaistanbul.com/en/companies/companies-liabilities/emerging-companies-market/corporate-governance, (access on 13 March 2014).
  • Borsa Istanbul (BIST), http://borsaistanbul.com/en/indices/bist-stock-indices/corporate-governance-index), (access on 13 March 2014).
  • BOZCUK, Aslıhan E., “Internet financial reporting: Turkish companies adapt to change”, Managerial Finance, Vol. 38, Issue 8, 2012, s. 786-800.
  • BOZCUK, Aslıhan E., ARZOVA, Sabri Burak and ASLAN, Sinan, “Internet financial reporting: the case of Turkey”, 2nd EROMED Conference of the EUROMED Academy of Business, Salerno, Italy, 26-28 October, 2009.
  • BOZCUK, Aslıhan E., ASLAN, Sinan and ARZOVA, Sabri Burak, “Internet financial reporting in Turkey”, Euromed Journal of Business, Vol. 6, Issue 3, 2011, s. 313-323.
  • BRENNAN, Niamh and HOURIGAN, Denis, “Corporate Reporting on the Internet by Irish Companies”, Irish Accounting Review, Vol. 7, No. 1, 2000, s. 37-68.
  • BUSHMAN, Robert M., PIOTROSKI, Joseph D. and SMITH, Abbie J., “What determines corporate transparency?”, Journal of Accounting Research, Vol. 42, Issue 2, May 2004, s. 207-252.
  • CHANG, Millicent, D’ANNA, Gino, WATSON, Iain and WEE, MARVIN, “Does Disclosure Quality via Investor Relations Affect Information Asymmetry?”, Australian Journal of Management, Vol. 33, No. 2, December 2008, s. 375- 390.
  • CMB (2009), “Web site of Capital Markets Board of Turkey”, Capital Markets Board of Turkey, available at: www.spk.gov.tr (access on 13 February 2013).
  • CMB (2014), “Web site of Capital Markets Board of Turkey”, Capital Markets Board of Turkey, available at: www.spk.gov.tr (access on 13 March 2014).
  • CRAVEN, B. M. and MARSTON C. L., “Financial reporting on the Internet by leading UK companies”, The European Accounting Review, Vol. 8, Issue 2, 1999, s. 321-333.
  • ÇELIK, Orhan, ECER, Alaattin, KARABACAK, Hakan, “Disclosure of Forward Looking Information: Evidence From Listed Companies on Istanbul Stock Exchange”, Investment Management and Financial Innovations, Vol. 3, Issue 2, 2006 s. 197-216.
  • DEBRECENY, Roger, GRAY, Glen L. and RAHMAN, Asheq, “The Determinants of Internet Financial Reporting”, Journal of Accounting and Public Policy, Vol. 21, Issue 4-5, Winter 2002, s. 371-394.
  • DÖNMEZ, A., BERBEROĞLU, P. B., UTKU, B. D.BOZCUK, A., “İnternette Finansal Raporlama: İMKB’de İşlem Gören Şirketler Üzerine Bir İnceleme”, Marmara Üniversitesi Muhasebe-Finansman Araştırma ve Uygulama Dergisi, Cilt. 8, Yıl 16, Sayı 17, 2007, s. 103-114.
  • DURUKAN M. Banu and ÖZKA, Seda, “Finansal Bilgi Sunumunda Bir Araç Olarak Internet Kullanımı: İMKB’de İşlem Gören Şirketlerin Web pageleri Üzerine Bir Araştırma”, İktisadi ve İdari Bilimler Dergisi, Cilt. 17, Sayı. 1-2, 2003, s. 135-153.
  • ETTREDGE, Michael, RICHARDSON, Vernon J. and SCHOLZ, Susan, “The presentation of financial information at Corporate Web sites”, International Journal of Accounting Information Systems, Vol. 2, Issue 3, September 2001, s. 149-168.
  • GANDIA, Juan L, “Determinants of internet-based corporate governance disclosure by Spanish listed companies”, Online Information Review, Vol. 32, Issue 6, 2008, s. 791-817.
  • GOWTHORPE, Catherine, “Asymmetrical dialogue? Corporate financial reporting via the Internet”, Corporate Communications: An International Journal, Vol. 9, Issue 4, 2004, s. 283-293.
  • HAMID, Fathilatul Zakimi Abdul, “Malaysian companies’ use of the internet for investor relations”, Corporate Governance, Vol. 5, Issue 1, 2005, s. 5-14.
  • HEDLIN, Pontus, “The Internet as a vehicle for investor relations: the Swedish case”, The European Accounting Review, Vol. 8, Issue 2, 1999, s. 373-381.
  • HO, Simon S. M. and WONG, Kar Shun, “A study of the relationship between corporate governance structures and the extent of voluntary disclosure”, Journal of International Accounting, Auditing and Taxation, Vol. 10, Issue 2, Summer 2001, s. 139-156.
  • KELTON, Andrea S. and YANG, Ya-wen, “The impact of corporate governance on Internet financial reporting”, Journal of Accounting and Public Policy, Vol. 21, Issue 1, January- February 2008, s. 62–87,
  • LARRÁN JORGE Mauel and GINER Begona, “The use of the internet for corporate reporting by Spanish companies”, The International Journal of Digital Accounting Research, Vol. 2, No 1, 2002, s. 53-82.
  • LODHIA, Summit K., ALLAM, Amir and LYMER, Andrew, “Corporate reporting on the internet in Australia: an exploratory study”, Australian Accounting Review, Vol. 14, Issue 34, November 2004, s. 64-71.
  • LYMER, Andrew and DEBRECENY, Roger, “The Auditor and Corporate Reporting on the Internet: Challenges and Institutions Responses”, International Journal of Auditing, Vol.7, Issue 2, July 2003, s. 103-120.
  • MARSTON, Claire, “Financial reporting on the Internet by leading Japanese companies”, Corporate Communications: An International Journal, Vol. 8, Issue 1, 2003, s. 23-34.
  • MARSTON, Claire, and POLEI, Annika “Corporate reporting on the Internet by German companies”, International Journal of Accounting Information Systems, Vol. 5, Issue 3, October 2004, s. 285-311.
  • MILSTEIN, Ira, “Corporate Governance: Improving Competitiveness and access to capital in global markets: a report to OECD”, OECD Publishing, 1998. Organization for Economic Cooperation and Development (OECD), OECD Principles of Corporate Governance, Paris, 2004.
  • OYELERE, Peter, LASWAD, Fawzi and FISHER, Richard, “Determinants of Internet Financial Reporting by New Zealand Companies”, Journal of international Financial Management and Accounting, Vol. 14, Issue 1, March 2003, s. 26-63.
  • PIRCHEGGER, Barbara and WAGENHOFER, Alfred, “Financial information on the internet: a survey of the homepages of Austrian companies”, European Accounting Review, Vol. 8, Issue 2, 1999, s. 383-395.
  • SWANSON, Kristen K. and HORRIDGE, Patricia E., “Travel motivations as souvenir purchase indicators”, Tourism Management, Vol.27, Issue 4, August 2006, s. 671-683.
  • TUREL, Aslı, “The Expectation Gap in Internet Financial Reporting: Evidence from an Emerging Capital Market”, Middle Eastern Finance and Economics, No. 8, 2010, s. 94-107.
  • UNERMAN, Jeffrey and BENNETT, Mark, “Increased stakeholder dialogue and the internet: towards greater corporate accountability or reinforcing capitalist hegemony?”, Accounting, Organizations and Society, Vol. 29, Issue 7, October 2004, s. 685-707.
  • UYAR, Ali, “Determinants of corporate reporting on the internet: An analysis of companies listed on the Istanbul Stock Exchange (ISE)”, Managerial Auditing Journal Vol. 27, No. 1, 2012, s. 87-104.
  • WAGENHOFER, Alfred, “Economic Consequences of Internet Financial Reporting”, Schmalenbach Business Review, Vol. 55, Issue 4, October 2003, s. 262-279.
  • XIAO, Jason Zezhong, YANG, He and CHOW, Chee W., “The determinants and characteristics of voluntary Internet-based disclosures by listed Chinese companies”, Journal of Accounting and Public Policy, Vol. 23, Issue 3, May- June 2004, s. 191-225.
  • XIAO, Zezhong, JONES, Michael John and LYMER, Andy, “Immediate Trends in Internet Reporting”, The European Accounting Review, Vol. 11, Issue 2, 2002, s. 245-275.