The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany
Yıl: 2020 Cilt: 15 Sayı: 2 Sayfa Aralığı: 389 - 410 Metin Dili: İngilizce İndeks Tarihi: 05-01-2021
The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany
Öz: In today's world, innovations in the field of industry,technology and logistics are destroying the borders ofcountries and it is becoming more complicated anddifficult to make an economic decision in globalizedworld. The accuracy and reliability of information relatedwith companies have become more important for individual and institutional investors. The independent auditing firms evaluate the financial information of the enterprises whether they include any problems, irregularities,errors and frauds according to predetermined criteria,and presents the result to the use of the third parties.Existing and potential investors benefit from audit reportsin their decisions. In this study, the impacts of auditreports on financial markets and investors in Turkey andGerman stock markets have been studied by Case StudyAnalysis. According to the findings, although there arestatistically significant results in both markets, the effectlasts shorter in the German stock market than Turkey.
Anahtar Kelime: Yıllık Bağımsız Denetim Raporlarının Borsa Performansına Etkisi: Türkiye ve Almanya’dan Ampirik Sonuçlar
Öz: Günümüz dünyasında endüstri, teknoloji ve lojistik alanındaki yenilikler ülke sınırlarını yok etmekte ve küreselleşen dünyada ekonomik anlamda karar almak karmaşıklaşmakta ve zorlaşmaktadır. İşletmelerle ilgili bilgilerin doğruluğu ve güvenirliği bireysel ve kurumsal yatırımcılar için daha fazla önem arz eder hale gelmiştir. Bağımsız denetim kuruluşları işletmelerin hazırlamış olduğu finansal bilgilerin herhangi bir aksaklık, düzensizlik, hata ve hile içerip içermediğini önceden belirlenmiş kıstaslara göre değerlendirmekte ve neticesini paydaşların kullanımına sunmaktadır. Mevcut ve potansiyel yatırımcılar alacakları kararlarda denetim raporlarından yararlanmaktadırlar. Bu çalışmada, Türkiye ve Almanya borsasında denetim raporlarının finansal piyasalara ve yatırımcılara etkisi Vaka Analizi yöntemiyle araştırılmaktadır. Elde edilen sonuçlara göre her iki borsada da istatistiksel olarak anlamlı bir etkinin varlığı söz konusu olsa da, Almanya borsasında bu etkinin daha kısa sürdüğü bulgular arasındadır.
Anahtar Kelime: Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
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| APA | KELTEN G, Saritas H (2020). The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. , 389 - 410. |
| Chicago | KELTEN GÖKSAL SELAHATDİN,Saritas Hakan The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. (2020): 389 - 410. |
| MLA | KELTEN GÖKSAL SELAHATDİN,Saritas Hakan The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. , 2020, ss.389 - 410. |
| AMA | KELTEN G,Saritas H The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. . 2020; 389 - 410. |
| Vancouver | KELTEN G,Saritas H The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. . 2020; 389 - 410. |
| IEEE | KELTEN G,Saritas H "The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany." , ss.389 - 410, 2020. |
| ISNAD | KELTEN, GÖKSAL SELAHATDİN - Saritas, Hakan. "The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany". (2020), 389-410. |
| APA | KELTEN G, Saritas H (2020). The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 15(2), 389 - 410. |
| Chicago | KELTEN GÖKSAL SELAHATDİN,Saritas Hakan The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 15, no.2 (2020): 389 - 410. |
| MLA | KELTEN GÖKSAL SELAHATDİN,Saritas Hakan The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol.15, no.2, 2020, ss.389 - 410. |
| AMA | KELTEN G,Saritas H The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2020; 15(2): 389 - 410. |
| Vancouver | KELTEN G,Saritas H The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany. Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2020; 15(2): 389 - 410. |
| IEEE | KELTEN G,Saritas H "The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany." Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 15, ss.389 - 410, 2020. |
| ISNAD | KELTEN, GÖKSAL SELAHATDİN - Saritas, Hakan. "The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany". Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi 15/2 (2020), 389-410. |
