READABILITY OF ANNUAL REPORTS OF COMPANIES LISTED IN BORSA ISTANBUL: A COMPARISON WITHIN THE FINANCIAL PERFORMANCE FRAMEWORK

Emin Zeytinoğlu and Nasıf Özkan
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Emin Zeytinoğlu: DUMLUPINAR UNIVERSITY
Nasıf Özkan: KuTAHYA DUMLUPINAR UNIVERSITESI, KuTAHYA UYGULAMALI BİLİMLER FAKuLTESİ

Ekonomi Maliye Isletme Dergisi, 2022, vol. 5, issue 2, 262-274

Abstract: This study is intended to measure the readability of annual reports published by companies in the Borsa Istanbul 100 Index and evaluate whether there is a significant difference in readability between companies varying in financial performance. To this end, the readability of the annual reports from the years 2020 and 2021 was examined using Ateşman’s Readability Index. The study also used the independent sample t-test to analyze whether or not there is a statistically significant difference in the readability scores between companies with different financial performance. As the result, it was found that the annual reports were generally hard to read in both years. In addition, there was a statistically significant difference in the readability score between companies with different financial performance. Nor was any evidence found to support the presence of the obfuscation hypothesis. The study contributes to the literature both by identifying the annual report readability scores and exploring the presence of the obfuscation hypothesis

Keywords: Readability; Annual Report; Obfuscation Hypothesis; Financial Performance (search for similar items in EconPapers)
JEL-codes: L25 M21 M41 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:gnx:emid43:2022-5-2-1178097

DOI: 10.46737/emid.1178097

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