FİNANSAL RAPORLAMANIN ZAMANINDA YAPILMASININ BELİRLEYİCİLERİ: TÜRKİYE'DEN AMPİRİK KANIT

Bu çalışmanın iki temel amacı vardır. Birinci amacı, Türkiye'de finansal raporlamanın zamanlılığını belirlemektir. İkinci amacı ise, kârlılık, büyüklük gibi firmaya özgü faktörler ile sektör, endeks ve denetim firması gibi diğer faktörlerin Borsa İstanbul (BIST)’a kayıtlı olan işletmelerin finansal raporlarını yayımlama zamanına etkilerini araştırmaktır. Bu çalışmada, çeşitli sektörlerde faaliyet gösteren ve Borsa İstanbul'a kayıtlı 286 firmanın 2016 yılına ait verileri kullanılmıştır. Tanımlayıcı analiz sonuçlarına göre, konsolide finansal tablolar hazırlayan firmaların %73'ü ve konsolide olmayan finansal tablolar hazırlayan firmaların %57'si, finansal raporlarını yasal sürenin bitiminden önce yayımlamaktadır. Çok değişkenli regresyon sonuçlarına göre ise, firma kârlığı, firma büyüklüğü, denetim firmasının büyüklüğü ve kurumsal yönetim endeksi, finansal raporlama zamanlaması (raporlama gecikmesi) üzerinde istatiksel açıdan anlamlı ve negatif yönde bir etkiye sahiptir. Buna karşın, firmaların imalat, hizmet ve teknoloji sektörlerinde faaliyet göstermesi ile BIST 100 endeksinde listelenmesi, finansal raporlama zamanlaması üzerinde istatiksel açıdan anlamlı ve pozitif yönde bir etkiye sahiptir.

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

This study has two cardinal aims. The first aim is to determine the timeliness of financial reporting in Turkey. The second aim is to investigate the impact of firm specific factors such as profitability, size and other related factors such as sector, index and auditing firm on the timeliness of financial reporting of firms listed on Borsa Istanbul (BIST). This study employs a data set from 286 listed firms which operates in a range of industries on BIST for the year 2016. Descriptive analysis results reveal 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 size and corporate governance index have a significant negative effect on the timeliness of financial reporting (reporting lag). In contrast, operating in manufacturing, services and technology sectors and listing in BIST100 index have a significant positive effect on the timeliness of reporting.

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