Abstract
The purpose of this study is to investigate the association between firm characteristics and the voluntary disclosure level of graphs in annual reports of Turkish companies listed on the Istanbul Stock Exchange (ISE). The firm characteristics used in the study are auditor size, ownership structure, firm performance (profitability), and firm size. The methodology of the study is content analysis of annual reports of the corporations listed on the ISE-100 Index for the year 2006. The results of univariate and multivariate analyses indicated that firm size, and auditor size has significant positive association with voluntary disclosure level of graphs. On the other hand, profitability and ownership structure do not have any significant association with graphical disclosure level. Key words: Graphs, annual reports, auditor size, ownership structure, firm size, profitability, voluntary disclosure, Turkey.
Highlights
Corporate reporting is evolving as technology advances, and as report readers demand better and more complete information
The purpose of this study is to investigate the association between firm characteristics and the voluntary disclosure level of graphs in annual reports of Turkish companies listed on the Istanbul Stock Exchange (ISE)
The research model includes one dependent variable TOTGRAPHS, and four independent variables: FSIZE, PROFIT, AUDSIZE, and OWNERSHIP
Summary
Corporate reporting is evolving as technology advances, and as report readers demand better and more complete information. Corporations used to publish paper-based annual reports, but nowadays, they are made available on the corporate websites This enables more timely and, in addition, less costly publication of annual reports. Voluntary disclosures are not necessarily required; their availability is made possible by corporate fiat. It depends on the decision of corporation. One of the voluntary disclosure areas is graphical presentation in annual reports It is increasingly becoming a common practice for annual reports to include visual graphical summaries of the company’s financial position/progress (Ball, 2011). The objective of this article is to investigate the association between firm characteristics and the voluntary disclosure level of graphs in annual reports of Turkish companies listed on the Istanbul Stock Exchange (ISE) (2008)
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