The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish...
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Int. J. Accounting, Auditing and Performance Evaluation, Vol. 8, No. 2, 2012 137 Copyright © 2012 Inderscience Enterprises Ltd. The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul Stock Exchange Ali Uyar* and Merve Kılıç Faculty of Economics and Administrative Sciences, Fatih University, Buyukcekmece Kampusu, 34520, Buyukcekmece, Istanbul, Turkey E-mail: [email protected] E-mail: [email protected] *Corresponding author Abstract: This study extends prior research by investigating the influence of firm characteristics on voluntary disclosure of financial ratios in the annual reports of Turkish listed companies. The sample consists of industrial firms listed in the Istanbul Stock Exchange (ISE). The firms’ annual reports were downloaded from their corporate websites. As methodology, content analysis was utilised to determine the financial ratio disclosure level of the firms. The findings revealed that Turkish listed firms disclose, on the average, 5.37 financial ratios in their annual reports. Count data regression models (Poisson and Negative binomial) were used to test the hypotheses. The results of multivariate analyses indicate that firm size, auditor size, profitability and ownership diffusion have significant positive association with voluntary disclosure level of financial ratios, while leverage does not. Keywords: voluntary disclosure; financial ratios; firm characteristics; Turkey. Reference to this paper should be made as follows: Uyar, A. and Kılıç, M. (2012) ‘The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul Stock Exchange’, Int. J. Accounting, Auditing and Performance Evaluation, Vol. 8, No. 2, pp.137–156. Biographical notes: Ali Uyar is an Associate Professor of Accounting and Finance in the Department of Management at Fatih University in Istanbul, Turkey. He received his PhD in Accounting and Finance from Marmara University, Turkey. He teaches cost accounting, managerial accounting, and financial accounting. His research interests are related to cost and management accounting practices, corporate reporting, and voluntary disclosure. His research papers have been published in various national and international journals. Merve Kılıç is a Research Assistant in the Department of Management at Fatih University. Her research interests are performance of corporations, international financial reporting standards, and mergers and acquisitions. Her MA thesis is about the effect of the mergers on the performances of the companies. She also gives recitations in the field of accounting.
Transcript of The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish...
Int. J. Accounting, Auditing and Performance Evaluation, Vol. 8, No. 2, 2012 137
Copyright © 2012 Inderscience Enterprises Ltd.
The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul Stock Exchange
Ali Uyar* and Merve Kılıç Faculty of Economics and Administrative Sciences, Fatih University, Buyukcekmece Kampusu, 34520, Buyukcekmece, Istanbul, Turkey E-mail: [email protected] E-mail: [email protected] *Corresponding author
Abstract: This study extends prior research by investigating the influence of firm characteristics on voluntary disclosure of financial ratios in the annual reports of Turkish listed companies. The sample consists of industrial firms listed in the Istanbul Stock Exchange (ISE). The firms’ annual reports were downloaded from their corporate websites. As methodology, content analysis was utilised to determine the financial ratio disclosure level of the firms. The findings revealed that Turkish listed firms disclose, on the average, 5.37 financial ratios in their annual reports. Count data regression models (Poisson and Negative binomial) were used to test the hypotheses. The results of multivariate analyses indicate that firm size, auditor size, profitability and ownership diffusion have significant positive association with voluntary disclosure level of financial ratios, while leverage does not.
Keywords: voluntary disclosure; financial ratios; firm characteristics; Turkey.
Reference to this paper should be made as follows: Uyar, A. and Kılıç, M. (2012) ‘The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul Stock Exchange’, Int. J. Accounting, Auditing and Performance Evaluation, Vol. 8, No. 2, pp.137–156.
Biographical notes: Ali Uyar is an Associate Professor of Accounting and Finance in the Department of Management at Fatih University in Istanbul, Turkey. He received his PhD in Accounting and Finance from Marmara University, Turkey. He teaches cost accounting, managerial accounting, and financial accounting. His research interests are related to cost and management accounting practices, corporate reporting, and voluntary disclosure. His research papers have been published in various national and international journals.
Merve Kılıç is a Research Assistant in the Department of Management at Fatih University. Her research interests are performance of corporations, international financial reporting standards, and mergers and acquisitions. Her MA thesis is about the effect of the mergers on the performances of the companies. She also gives recitations in the field of accounting.
