IMPACT OF CORPORATE GOVERNANCE ATTRIBUTES ON AUDIT REPORT LAG OF CORPORATE: THE CASE OF BIST-30

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Ahmet ŞİT Kilis, PhD
Burak BÜYÜKOĞLU, MA
İbrahim Halil EKŞİ, PhD

Abstract

The purpose of this study is to investigate the effects of corporate governance behaviors
on audit report lag. The lag of audit reports concerns investors and other
parties. Therefore, it can affect the firm value of the enterprises. For this aim, 30
companies operating in İstanbul Stock Exchange (BIST) were used in this study. The
data of the firms are taken from the independent audit reports. As the audit report
lag, the difference between December 31 and of the date when companies announced
their report was taken. In this study, we used the proportion of non-executive directors
to total number of board, total assets, share of the largest shareholder and free
float rate as corporate governance attributes. Findings of this study was based on
the used system dynamic panel method. As a result, it was concluded that the corporate
governance behaviors of the firms were not effective on the audit report lags
of the firms.

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