Finansal raporlamanın hisse senedinin piyasa değerine etkisi

Abstract

ABSTRACT The purpose of this study is to examine the stock price effects of financial reporting. Financial reporting should provide information about how management of an enterprise has discharged its stewardship responsibility to owners (stockholders) for the use of resources entrusted to it. Financial reporting should provide information that is useful to presedent and potential mvenstors in making rational invensment în our view the fundamental objective of corporate reports is to communicate economic measurements of, and information about, the resources and performance of the reporting entity useful to those having reasonable rights to such information. This fundemental objective will aplly to all corporate reports whoever the reporting entity and whatever the reason for publication. However, the degree of disclosure appropriate in each particular case will be limited by pratical considerations of cost and confidentiality and by the need to arrive at a balance which will imbue corporate reports with the desired characteristics outlined above and the need to serve, as far as possible, the general interests of investors. To fulfill this objective we conclude that the corporate reports should be: - relevant, - understandable, - reliable, - complete, - objective, - timely, - comparable.