The Impact of environmental reporting on investor’s behavior in Borsa Istanbul

  • Majid Lotfi Ghahroud


This study examines whether environmental reporting provides information that is reflected in investor’s behavior of Turkey stock market. In particular, we consider, in a period of 10 years (2010-2020), the price of stocks one week before and one week after their environmental reporting. The results confirmed that positive environmental reporting such as environmental protection reports of companies led to a positive reaction, and negative environmental reporting led to a less negative reaction. In fact, we checked stock price one week before and after publishing these reports. As we mentioned, for negative environmental reporting the reaction of investors was not significant.