Journal of Accounting Institute

SUBMITINFORMATION
EnglishTürkçe

Research Article


DOI :10.26650/MED.2020674583   IUP :10.26650/MED.2020674583    Full Text (PDF)

The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms

Saime Önce, Gülşen Çavuş

The research aim is to evaluate whether there is a relationship between sustainability and financial reporting quality for the companies operating in the BIST Manufacturing Sector as of 2015-2018. The independent variable of the model created within the scope of the research is financial reporting quality, the dependent variable is a categorical variable; sustainability report publishing companies and non-publishing ones. Panel data analysis was applied to estimate the model. Consequently, the financial reports of sustainability report publishing companies were found to be of higher quality than non-publishing ones. Enterprises with low profit management practices provide high quality financial reports and are more transparent to stakeholders with sustainability reporting. Information asymmetry was reduced as businesses increased their transparent reporting practices towards stakeholders.

Keywords: Financial reporting quality, sustainability reporting, earnings management
DOI :10.26650/MED.2020674583   IUP :10.26650/MED.2020674583    Full Text (PDF)

Sürdürülebilirlik Raporlaması ve Finansal Raporlama Kalitesi İlişkisi: BİST’e Kote İmalat İşletmelerinde Araştırma

Saime Önce, Gülşen Çavuş

Araştırmanın amacı, BİST İmalat Sektöründe faaliyet gösteren işletmeler için, 2015-2018 yılları itibarıyla sürdürülebilirlik raporlaması ile finansal raporlama kalitesi arasında anlamlı ilişki olup olmadığını değerlendirmektir. Araştırma kapsamında oluşturulan modelin bağımsız değişkeni, finansal raporlama kalitesi, bağımlı değişkeni sürdürülebilirlik raporlaması yayınlayan ve yayınlamayan işletmelere göre oluşturulan kategorik değişkendir. Modelin tahmin edilmesinde panel veri analizi kullanılmıştır. Yapılan analiz sonucunda sürdürülebilirlik raporlaması yayınlayan işletmelerin, sürdürülebilirlik raporlaması yayınlamayan işletmelere göre finansal raporları daha kaliteli olarak bulunmuştur. Kazanç yönetimi uygulamaları az olan işletmeler yüksek kaliteli finansal raporlar sunmakta ve sürdürülebilirlik raporlamaları ile paydaşlarına karşı daha şeffaf olmaktadır. İşletmelerin paydaşlarına karşı şeffaf raporlama uygulamalarını artırmasıyla bilgi asimetrisi azalacaktır.

Keywords: Finansal raporlama kalitesi, sürdürülebilirlik raporlaması, kazanç yönetimi

PDF View

References

  • Amel-Zadeh, & A, Serafeim, G. (2018). Why and how investors use ESG information: Evidence from a global survey. Financial Analysts Journal, 74(3), 87–103. google scholar
  • Borsa İstanbul. (2019). BIST sürdürülebilirlik endeksi. Erişim adresi: https://www.borsaistanbul.com/endeksler/bist-pay-endeksleri/ surdurulebilirlik-endeksi google scholar
  • Choi, B.B., Lee, D., & Park, Y. (2013). Corporate social responsibility, corporate governance and earnings quality: Evidence from Korea. Corporate Governance: An International Review, 21(5), 447–467. google scholar
  • Consoni, S., Colauto, R. D., & Lima, G. A. S. F. (2016). Voluntary disclosure and earnings management: Evidence from the Brazilian capital market. Revista Contabilidade & Finanças, 28(74), 249–263. google scholar
  • De Villiers, C., Venter, E.R., & Hsiao, P. C. K. (2017). Integrated reporting: Background, measurement issues, approaches and an agenda for future research. Accounting & Finance, 57(4), 937–959. google scholar
  • Dumay, J., Bernardi, C., Guthrie, J., & Demartini, P. (2016). Integrated reporting: A structured literature review, Accounting Forum, 40(3), 166–185. google scholar
  • Düzer M. ve Önce S. (2017). Kurumsal sürdürülebilirlik raporlaması ve finansal performans: BİST’te işlem gören şirketler için karşılaştırmalı bir analiz. Bilecik Şeyh Edebali Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 2(2), 637– 648. google scholar
  • Hsiao, C. (2014) . Analysis of panel data (3th eds.). New York, NY: Cambiridge University. google scholar
  • Martínez-Ferrero, J., Garcia-Sanchez, I. M., & Cuadrado-Ballesteros, B. (2015). Effect of financial reporting quality on sustainability information disclosure, corporate social responsibility and environmental management, 22, 45–64. google scholar
  • Martínez-Ferrero, J. (2014). Consequences of financial reporting quality on corporate performance: Evidence at the international level, Estudios de Economía, 41(1), 49–88. Nargeleçekenler, M. (2011). Hisse senedi fiyatları ve fiyat/kazanç oranı ilişkisi: Panel verilerle sektörel bir analiz. Business and Economics Research Journal, 2(2), 165–184. google scholar
  • Ouma, V. (2017). The relationship between reporting quality and financial performance of companies listed at Nairobi Securities Exchange, University of Nairobi. google scholar
  • Önce, S., ve Çavuş, G. (2019). Finansal raporlama kalitesini etkileyen faktörler ve finansal raporların kalitesinin ölçümüne ilişkin yaklaşımlar. Anadolu Üniversitesi İktisadi ve İdari Bilimler Dergisi, 20(1), 30–51. google scholar
  • Pazarlıoğlu M. V. ve Gürler, Ö. K. (2007). Telekomünikasyon yatırımları ve ekonomik büyüme: Panel veri yaklaşımı. Finans Politik & Ekonomik Yorumlar, 44(508), 35–43. google scholar
  • Principles for Responsible Investment. (2018). Sorumlu yatırım ilkeleri. Erişim adresi: |https://www.borsaistanbul.com/docs/defaultsource/duyuru-dosyalari/pri-guide-in-turkish.pdf?sfvrsn=4 google scholar
  • Rogers, J., & Serafeim, G. (2019). Pathways to materiality: How sustainability issues become financially material to corporations and their investors, Harvard Business School Accounting & Management Unit Working Paper, 20-056. google scholar
  • Ronen, J., & Yaari, V. (2008). Earnings management emerging insights in theory, practice, and research. Berlin, Germany: Springer Science Business Media. google scholar
  • Salewski, M., & Zülch, H. (2014). The association between corporate social responsibility (CSR) and earnings quality–evidence from European blue chips, HHL Working Paper, Series No. 112. google scholar
  • Tatoğlu, Yerdelen, F. (2016). Panel veri ekonometrisi stata uygulamalı. İstanbul: Beta Basım. google scholar
  • Yılmaz, İ. (2011). Corporote social responsibility diclosures as an indicator of social performance and its relation with financial performance (Doktora Tezi). Marmara Üniversitesi, İstanbul google scholar
  • Yoon B., Byul K., & Jeong, H. L. (2019). Is earnings quality associated with corporate social responsibility evidence from the Korean market. Sustainability 11(15), 1–20. google scholar

Citations

Copy and paste a formatted citation or use one of the options to export in your chosen format


EXPORT



APA

Önce, S., & Çavuş, G. (2020). The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms. Journal of Accounting Institute, 0(62), 1-10. https://doi.org/10.26650/MED.2020674583


AMA

Önce S, Çavuş G. The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms. Journal of Accounting Institute. 2020;0(62):1-10. https://doi.org/10.26650/MED.2020674583


ABNT

Önce, S.; Çavuş, G. The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms. Journal of Accounting Institute, [Publisher Location], v. 0, n. 62, p. 1-10, 2020.


Chicago: Author-Date Style

Önce, Saime, and Gülşen Çavuş. 2020. “The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms.” Journal of Accounting Institute 0, no. 62: 1-10. https://doi.org/10.26650/MED.2020674583


Chicago: Humanities Style

Önce, Saime, and Gülşen Çavuş. “The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms.” Journal of Accounting Institute 0, no. 62 (May. 2024): 1-10. https://doi.org/10.26650/MED.2020674583


Harvard: Australian Style

Önce, S & Çavuş, G 2020, 'The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms', Journal of Accounting Institute, vol. 0, no. 62, pp. 1-10, viewed 8 May. 2024, https://doi.org/10.26650/MED.2020674583


Harvard: Author-Date Style

Önce, S. and Çavuş, G. (2020) ‘The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms’, Journal of Accounting Institute, 0(62), pp. 1-10. https://doi.org/10.26650/MED.2020674583 (8 May. 2024).


MLA

Önce, Saime, and Gülşen Çavuş. “The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms.” Journal of Accounting Institute, vol. 0, no. 62, 2020, pp. 1-10. [Database Container], https://doi.org/10.26650/MED.2020674583


Vancouver

Önce S, Çavuş G. The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms. Journal of Accounting Institute [Internet]. 8 May. 2024 [cited 8 May. 2024];0(62):1-10. Available from: https://doi.org/10.26650/MED.2020674583 doi: 10.26650/MED.2020674583


ISNAD

Önce, Saime - Çavuş, Gülşen. “The Relation Between Sustainability Reporting and Financial Reporting Quality: Research in BIST-Listed Manufacturing Firms”. Journal of Accounting Institute 0/62 (May. 2024): 1-10. https://doi.org/10.26650/MED.2020674583



TIMELINE


Submitted14.01.2020
Accepted02.02.2020
Published Online06.04.2020

LICENCE


Attribution-NonCommercial (CC BY-NC)

This license lets others remix, tweak, and build upon your work non-commercially, and although their new works must also acknowledge you and be non-commercial, they don’t have to license their derivative works on the same terms.


SHARE




Istanbul University Press aims to contribute to the dissemination of ever growing scientific knowledge through publication of high quality scientific journals and books in accordance with the international publishing standards and ethics. Istanbul University Press follows an open access, non-commercial, scholarly publishing.