The Effect of Audit Committee Characteristics on Firm Conservatism Level: An Application in BIST

Yıl 2019, Cilt: 17 Sayı: 4, 50 - 71, 27.12.2019

Gökhan Özer Abdullah Kürşat Merter

https://doi.org/10.18026/cbayarsos.485075

Cited By: 1

Öz

In this
study, the relationship between the conservatism levels of companies determined
as an indicator of financial reporting quality and the 5 basic audit committee
characteristics (independence, financial expertise, size, tenure, number of
meetings) is examined. In this context, panel data analysis is applied using
1180 observations obtained from 263 publicly-traded company between 2012 and
2016, and the audit committee characteristics are tested in relation to the
companies' conservatism levels. As the research method, Basu Model, the most
preferred method in the literature, is used. Findings show that while the audit
committee size is positively related to conservatism, the number of meetings is
negatively related to conservatism. The results show that if the number of
members of the audit committee increases, it becomes more effective and
increases the level of conservatism, thus raising the quality of financial
reporting. On the other hand, if the audit committee meets more frequently
during the period, the level of conservatism decreases and the quality of
financial reporting decreases accordingly.

Anahtar Kelimeler

Audit Committee, Conservatism, Basu Model, Corporate Governance

Denetim Komitesi Özelliklerinin Firma İhtiyatlılık Düzeyine Etkisi: BİST’te Bir Uygulama

Öz

Bu çalışmada, finansal
raporlama kalitesinin göstergesi olarak belirlenen şirketlerin ihtiyatlılık
düzeyleri ile 5 temel denetim komitesi özelliği (bağımsızlık, finansal
uzmanlık, boyut, görev süresi, toplantı sayısı) arasındaki ilişki
incelenmiştir. Bu kapsamda, 2012-2016 yılları arasında BİST’te işlem gören 263
şirketten elde edilmiş 1180 adet gözlem kullanılarak panel veri analizi
yapılmış ve denetim komitesi özelliklerinin şirketlerin ihtiyatlılık düzeyleri
ile ilişkisi test edilmiştir. Araştırma yöntemi olarak literatürde en çok
tercih edilen yöntem olan “Kar/Hisse Senedi Getirisi” modeli olarak ifade
edilen Basu modeli kullanılmıştır. Bulgular, ihtiyatlılığın denetim komitesi
boyutu ile pozitif, toplantı sayısı ile negatif ilişkili olduğunu göstermektedir.
Sonuçlar, denetim komitesi üye sayısının artması durumunda, komitelerin daha
etkin hale geldiğini ve firma ihtiyatlılık düzeyini arttırarak finansal
raporlama kalitesinin yukarıya çektiğini göstermektedir. Buna karşın, denetim
komitesinin dönem içinde daha sık toplantı gerçekleştirmesi durumunda firma
ihtiyatlılık düzeyi düşmekte ve buna bağlı olarak finansal raporlama kalitesi
azalmaktadır. 

Anahtar Kelimeler

Denetim Komitesi, İhtiyatlılık, Basu Modeli, Kurumsal Yönetim.

Kaynakça

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