Abstract:

Financial reports shared by companies appear to be the source of the stakeholders’ information requirements regarding the business. The financial statements that the shareholders will make about the business will play an important role in the decisions they make about the business. Furthermore, the disclosure of these reports that reflect the financial situation and performance of the enterprises can have potential impacts on market values. In the study BIST Communications Index was studied the impact of the financial tables of the companies trading on the market values by the method of the event study. The study was based on the movements of stock values that represent market value before and after sharing financial information with the public from the average market index value. After the companies share their financial statements, it has been found that their stock values differ positively or negatively from the market index value. Financial information presentations appear to be considerable in terms of stakeholders and affect their decisions. This also indicates that the markets are not at an effective level. Companies need to properly manage their information sharing and timing, taking into account the effects of the financial statements they present to the public on stakeholders’ decisions.

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