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Year 2018, Volume: 7 Issue: 1, 155 - 158, 01.09.2018
https://doi.org/10.17261/Pressacademia.2018.872

Abstract

References

  • Adiloglu, B., Vuran, B. (2012). The relationship between the financial ratios and transparency levels of financial information disclosures within the scope of corporate governance: evidence from Turkey. The Journal of Applied Business Research, vol. 28, no. 4, p. 543-554.
  • Aksu, M., Kösedağ, A. (2006), Transparency and disclosure scores and their determinants in the Istanbul Stock Exchange. Corporate Governance: An International Review, vol.14, no. 4, p. 277-296.
  • Madhani, P. M. (2007). Role of voluntary disclosure and transparency in financial reporting. The Accounting World, vol. 7, no. 6, p. 63-66
  • Patel, S., Dallas, G. (2002). Transparency and disclosure: overview of methodology and study results-United States. Working paper, Standard and Poor’s and SSRN.
  • Zulfikar, R., May, N., Suhardjanto, D., Agustiningsih, S.W. (2017). Independent commissioner against mandatory disclosure of financial performance as a moderating variable. Review of Integrative Busines Economics Research, vol. 6, no. 3, p.205-216.

THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY

Year 2018, Volume: 7 Issue: 1, 155 - 158, 01.09.2018
https://doi.org/10.17261/Pressacademia.2018.872

Abstract

Purpose- Since globalization movements in the capital markets change the information requirements expected from the financial statements to a great extent today, companies tend to provide more reliable, transparent and quality financial and non-financial information within the framework of corporate transparency. These trends also affect the financial reporting processes especially financial disclosures. The purpose of this study is to evaluate disclosures that are essential to an investor’s understanding and analysis of the economics underlying the information in financial reports.
Methodology- It focuses on relationship between financial transparency and key financial ratios. In order to reach this aim financial transparency and disclosure checklist is established and companies are classified according to their transparency levels. Using a sample of publicly traded companies from BIST 100 (excluding finance sector) for the year 2016, Standard & Poor’s (S&P) methodology is applied for assessment of financial transparency and disclosure (T&D) levels based on their annual reports and websites.
Findings- The results reveal that transparency level has statistical differences among the group means of some key financial ratios. High quality disclosure also means more accountable and transparent companies for investors.
Conclusion- The study also evaluates the relationship between the firm-specific T&D scores and financial performance of BIST 100 firms. This paper sufficiently contributes towards literature on financial disclosures. High quality disclosure has significant influence on investors and lenders who must assess risks and returns and decide where to place their money best, strengthen the efficiency of capital allocation as well as offer the benefit of reducing the costs of capital.

References

  • Adiloglu, B., Vuran, B. (2012). The relationship between the financial ratios and transparency levels of financial information disclosures within the scope of corporate governance: evidence from Turkey. The Journal of Applied Business Research, vol. 28, no. 4, p. 543-554.
  • Aksu, M., Kösedağ, A. (2006), Transparency and disclosure scores and their determinants in the Istanbul Stock Exchange. Corporate Governance: An International Review, vol.14, no. 4, p. 277-296.
  • Madhani, P. M. (2007). Role of voluntary disclosure and transparency in financial reporting. The Accounting World, vol. 7, no. 6, p. 63-66
  • Patel, S., Dallas, G. (2002). Transparency and disclosure: overview of methodology and study results-United States. Working paper, Standard and Poor’s and SSRN.
  • Zulfikar, R., May, N., Suhardjanto, D., Agustiningsih, S.W. (2017). Independent commissioner against mandatory disclosure of financial performance as a moderating variable. Review of Integrative Busines Economics Research, vol. 6, no. 3, p.205-216.
There are 5 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Burcu Adiloglu 0000-0001-9680-1408

Nevzat Gungor 0000-0001-9883-1985

Goksel Yucel 0000-0003-1940-8789

Publication Date September 1, 2018
Published in Issue Year 2018 Volume: 7 Issue: 1

Cite

APA Adiloglu, B., Gungor, N., & Yucel, G. (2018). THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY. PressAcademia Procedia, 7(1), 155-158. https://doi.org/10.17261/Pressacademia.2018.872
AMA Adiloglu B, Gungor N, Yucel G. THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY. PAP. September 2018;7(1):155-158. doi:10.17261/Pressacademia.2018.872
Chicago Adiloglu, Burcu, Nevzat Gungor, and Goksel Yucel. “THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY”. PressAcademia Procedia 7, no. 1 (September 2018): 155-58. https://doi.org/10.17261/Pressacademia.2018.872.
EndNote Adiloglu B, Gungor N, Yucel G (September 1, 2018) THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY. PressAcademia Procedia 7 1 155–158.
IEEE B. Adiloglu, N. Gungor, and G. Yucel, “THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY”, PAP, vol. 7, no. 1, pp. 155–158, 2018, doi: 10.17261/Pressacademia.2018.872.
ISNAD Adiloglu, Burcu et al. “THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY”. PressAcademia Procedia 7/1 (September 2018), 155-158. https://doi.org/10.17261/Pressacademia.2018.872.
JAMA Adiloglu B, Gungor N, Yucel G. THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY. PAP. 2018;7:155–158.
MLA Adiloglu, Burcu et al. “THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY”. PressAcademia Procedia, vol. 7, no. 1, 2018, pp. 155-8, doi:10.17261/Pressacademia.2018.872.
Vancouver Adiloglu B, Gungor N, Yucel G. THE LINK BETWEEN FINANCIAL TRANSPARENCY AND KEY FINANCIAL RATIOS: A CASE FROM TURKEY. PAP. 2018;7(1):155-8.

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