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Journals / Adam Akademi Sosyal Bilimler Dergisi / 2026 / Cilt: 16 Sayı: 1

The Impact of Board Characteristics on Timeliness of Financial Reporting: Application on BİST

Yönetim Kurulu Özelliklerinin Finansal Raporlama Zamanlılığına Etkisi: BİST Uygulaması

Beylem Çelik, Abdullah Kürşat Merter

Pages
1–32
Publication Date
2026-05-14
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Abstract

The present study investigates the effect of the characteristics of the board on the timeliness of financial reporting by non-financial companies listed on Borsa Istanbul. The results from OLS regression analysis over 1037 observations obtained between 2018 and 2022 reveal that there is a negative association between the size and gender diversity of the board and the timeliness of financial reporting. This implies that a change in the number of board members and female members lowers the duration within which financial reports would be disclosed to the public. Further, the number of executive members on the board was positively associated with the timeliness of financial reporting; that is, an increase in the number of executive members lengthened the period for reporting. This is further supported by the results of the analysis of panel data, which include year*index interaction dummy variables. The theoretical contributions of this study add more to the literature in terms of an investigation into the effects of the board characteristics on financial reporting in emerging markets, including Turkey. In fact, little or no research of this nature has been conducted in emerging markets. Optimizing board structures practically enhances the accuracy and timeliness of financial reports to increase the market credibility.

Özet

Bu çalışma, Borsa İstanbul'da (BİST) faaliyet gösteren finansal olmayan şirketlerin yönetim kurulu özelliklerinin (yönetim kurulu büyüklüğü, bağımsızlığı, icracı üye oranı, cinsiyet ve ırk çeşitliliği) finansal raporlama zamanlılığı üzerindeki etkilerini incelemektedir. 2018-2022 yılları arasında elde edilen 1037 gözlem verisi kullanılarak yapılan En Küçük Kareler regresyon analizi sonuçları, yönetim kurulu büyüklüğü ve cinsiyet çeşitliliğinin finansal raporlama zamanlılığı ile negatif ilişkili olduğunu ortaya koymuştur. Bu bulgular, yönetim kurulu üye sayısı ve kadın üye sayısının artmasının, finansal raporların kamuya açıklanma süresini azalttığını göstermektedir. Ayrıca, yönetim kurulu icracı üye sayısının finansal raporlama zamanlılığı ile pozitif ilişkili olduğu bulunmuştur. Yani, icracı üyelerin artması, finansal raporların açıklanma süresini uzatmaktadır. Yıl*endeks etkileşim kukla değişkenlerin yer aldığı panel veri analizi sonuçları da bu bulguları desteklemektedir. Bu çalışmanın teorik katkıları, Türkiye gibi gelişmekte olan piyasalarda yönetim kurulu özelliklerinin finansal raporlama üzerindeki etkilerini araştırarak literatüre yeni bilgiler eklemektedir. Özellikle, gelişmekte olan piyasalarda bu tür araştırmaların eksikliği göz önünde bulundurulduğunda, bu çalışma önemli bir boşluğu doldurmaktadır. Pratik olarak ise, şirketlerin yönetim kurulu yapılarını optimize etmeleri, finansal raporlamada doğruluk ve zamanlılık sağlayarak piyasa güvenilirliklerini artırabilir.

Keywords
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Cite This Article

Çelik, B., Merter, A. K. (2026). The Impact of Board Characteristics on Timeliness of Financial Reporting: Application on BİST. Adam Akademi Sosyal Bilimler Dergisi, Cilt: 16 Sayı: 1, 1–32. https://doi.org/10.31679/adamakademi.1531078

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