The effect of financial statement disclosures on share price

Purpose of the study, analyzing the effect of 6 months and 12 months financial statement disclosures that companies make periodically on the stock market by using Event Study Methodology. The data used in the study comprised of the data of 37 companies which is listed on Istanbul Stock Exchange (Borsa Istanbul) BIST 100 Index between 2005 and 2015. Financial statements were obtained for 6 months and 12 months periods. Cumulative abnormal return was calculated viausing the data of income statement for 6 month sand balancesheet disclosures for 12 months. The study which is examining the impact of the data of financial statement that were declared by Public Disclorure Platform (KAP) and BIST (IstanbulStock Exchange) on the stock market, was analyzed with the EventStudyMethodology. Theresults of this study proved that stock prices are affected by the financial statement disclosures. KeyWords;financial statement, abnormal return, event study