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- Title
FİNANSAL VERİLERİN VE FİNANSAL BİLGİLERİN İÇSEL BİLGİ NİTELİĞİ - KAMUYA AÇIKLAMANIN SINIRLARI.
- Authors
MANAVGAT, Çağlar
- Abstract
Financial information has a direct impact on the investment decision of the investor. The scope, timing and the method of public disclosure of financial statements consisting of financial information are determined in the legislation. This timing and the method are important for the investors to have equal access to financial information. For this reason, it is essential that the information in the financial statements is disclosed to the public in accordance with the financial reporting rules. On the other hand, insider information should be disclosed to the public immediately, as the investor must make the investment decision with full and accurate information. It is an important question whether financial reporting should be waited even if the financial information and the financial data used in the formation of the information have inside information characteristics. It is a rule that the investor reaches financial information through financial statements prepared in accordance with the principle of true and fair picture in integrity. However, if there is an information that significantly changes the information disclosed to the public in the previous period, disclosure should be made immediately without waiting for financial reporting. Financial data and financial information, which have become insider information regardless of prior period disclosures and market expectations, should also be immediately disclosed to the public. However, at this point, a conservative approach should be taken and in case of doubt, disclosure within the framework of financial reporting should be preferred.
- Subjects
DECISION making in investments; FINANCIAL disclosure; ACCESS to information; FINANCIAL statements; MISLEADING financial statements; INSIDER trading in securities
- Publication
Banking & Commercial Law Journal / Banka ve Ticaret Hukuk Dergisi, 2022, Vol 38, Issue 1, p5
- ISSN
1300-1396
- Publication type
Article