Voluntary disclosure: A research on firms which effecting transactions in Istanbul Stock Exchange

Voluntary Disclosure is a responsibility for business enterprises and it containsproviding additional information for the people who are responsible for decision makingin a business enterprise in addition to the information they have to make publiclegitimately.This study focuses on the concept in relation to the enterprises thatregistered to IMKB (Istanbul Stock Exchange) and it detects the factors that affect thelevel of disclosure of those busuness enterprises.While assessing the level of Voluntary Public Disclosure, annual reportsof 51 enterprises were analysed and by supposing that there is a direct relationshipamong the largeness of enterprise, leverage affect, financial controller, ownershipstructure, profitability and multinationality and this relationship is analysed by means ofmultiple-linear regressin model. As a result of the analysis, it has been found thatfinancial controller is the most significant variable. Auditing of annual reports ofbusiness enterprises by auditing companies that have international career and experiencehas increased the information shared with public.In this study, it is tried to assess how the independent variables such as largenessof enterprise, leverage affect, financial controller, ownership structure, profitability andmultinationality affect the Voluntary Public Disclosure which is the dependent variable.Voluntary Public Disclosure is to provide information which is not obligatory but thathelps enterprises to choose their accountants. Thus, this information will help the firmsto decide easily while interacting with investors, creditors and other enterprises. Thiswill make financial market efficient and it will provide positive effect.