Kamuyu Aydınlatmada Finansal Şeffaflık ve Bilgilendirmenin Firma Performansı ile İlişkisi: BİST’de Bir Araştırma
Financial transparency and information in public disclosure and its relationship with company performance: a research on BIST

Summary/Abstract: In order for the capital markets to work effectively, the exchange of information between fund suppliers and fund demanders must be symmetrical, complete and flawless. With this perspective, in this study, the effect of the level of public disclosure and transparency, which is important for the efficiency of capital markets, on firm performance were examined. In the study, Static Panel Data Analysis was carried out using the 7-year data covering the years 2013-2020 of the manufacturing companies in the BIST 30 index. As a result of the analyzes, a positive relationship at 99% confidence level was determined between the Financial Transparency and Information Score (FSBP) and the Log market value and Earnings Per Share ratio. In the model established based on the PDDD of the companies, a positive relationship was found between the Financial Transparency and Disclosure Score (FSBP) and the PDDD value at the level of 90% confidence. On the other hand, no significant relationship was found between the Financial Transparency and Information Score (FSBP) and the firm's priceearnings ratios.

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