FİNANSAL KRİZ GERÇEĞE UYGUN DEĞER VE BİR ARAŞTIRMA

Öz

2008 yılında ABD’de başlayan finansal kriz nedenleri ve sonuçları itibariyle tartışılmaya devam etmektedir. Gerçeğe uygun değer bazı akademisyen ve finans çevreleri tarafından finansal krizin nedeni ya da en azından finansal krizin şiddetini artıran bir faktör olarak gösterilmeye çalışılmıştır. Bu çalışmada finansal kriz ile gerçeğe uygun değer arasındaki ilişkiyi inceleyen araştırmalar ele alınarak, üst düzey finans yöneticilerinin gerçeğe uygun değer ve finansal kriz ilişkisi hakkındaki görüşleri ortaya konulmaya çalışılmıştır

Anahtar Kelimeler

• Finansal kriz,gerçeğe uygun değer,mortgage kredileri

Öz

As the 2008 financial crisis, its reasons and consequences have been discussed among the academics and financial professionals. Several parties argue that fair value accounting is one of the reasons of the financial crisis or at least exacerbated the severity of the crisis. In this pape we consider the studies which investigate the relationship between financial crisis and fair-value accounting and conducted a survey of chief executive finance officers’ views on fair value accounting.

Anahtar Kelimeler

• Financial Crisis,fair-value accounting,mortgage credit

Kaynakça

1. CAMPBELL, L. Ronald; JACKSON-Owens; ROBINSON, A. Lisa; DIANA R. (2008), “Fair value Accounting from theory to practice: implementation of SFAS
2. No. 157 will be tumultuous, painful, and require significant adjustment for U.S. Accounting (http://www.allbusiness.com/science-technology/standards- measurements/11419807-1.html) Strategic Finance, p.1.
3. CHENG, Kang; (2009), “Fair Value’s “How” Meets “When”, The CPA Journal, p.
4. FORNARO, M. James; BARBERA T. Anthony; (2007), “The new fair value hierarchy: key provisions, implications, and effect on information usefulness, Review of Business.
5. FUGLISTER, Jayne and BLOOM, Robert; (2008), “Analysis of SFAS 157, Fair
6. Value Measurements”, The CPA Journal. Global Financial Crisis Bulletin, The Current Financial Crisis: Frequently Asked Questions, http://www.knowledgeleader.com/KnowledgeLeader/Content.nsf/Web+Content/N LGlobalFinancialCrisisBulletin101608 OpenDocument, 03.21.2010 ISIDORE, http://money.cnn.com/2008/10/01/news/economy/mark_to_market/?postversion=2 The accounting rule you should care about
7. KHAN, Urooj; “Does Fair Value Accounting Contribute to Systemic Risk in the Banking http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1327596, 12.02.2010 Industry, (2009)
8. KOONCE, Lisa; Fair-value Accounting: A Better Reflection of Reality, http://blogs.mccombs.utexas.edu/mccombs-today/2009/02/fair-value-accounting-a- better-reflection-of-reality/, 20.03.2010

9. LAUX, Christian; LEUZ, Christian; (2009), The Crisis of Fair Value Accounting
10. Making Sense of the Recent Debate, Accounting, Organizations and Society. LEONE, Marie; Bankers: Fair Value Is Like Throwing Gasoline on a Fire, http://www.cfo.com/article.cfm/11039958, 10.03.2010.
11. ÖZKAN, Mehmet; TERZİ, Serkan; “Gerçeğe Uygun Değer Ölçümünün Uluslararası Muhasebe Standartları ve Amerikan Muhasebe Standartları Açısından İncelenmesi”, http://www.tmsk.org.tr/makaleler/FINANSAL%20ARACLAR/MEHMET%C3%9 ZKAN-SERKANTERZ%C4%B0.pdf, 10.03.2010
12. PLANTIN, Guillaume; SAPRA, Haresh; SHİN, Hyun Song; (2008), Marking to
13. Market: Panacea or Pandora's Box?, Journal of Accounting Research, Vol. 46, No. , pp. 435-460. POZEN, C. Robert; (2009), Is It Fair to Blame Fair Value Accounting for the Financial Crisis, Harvard Business Review.
14. RENWICK, Newt Gingrich; SUSPEND, Emily; (2008), Mark-to-Market Now, Forbes.
15. TMSK, http://www.tmsk.org.tr/makaleler/Diger/bil_tem_9.pdf, 08.03.2009
16. TRUSSEL, M. John; ROSE, C. Laura; (2009) “Fair Value Accounting and the Current Financial Crisis”, The CPA Journal, pp. 27-50.
17. United States Securities and Exchange Commission, Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study
18. Accounting,(2008)http://www.sec.gov/news/studies/2008/marktomarket123008.pd f, 12.03.2010 on Mark-To-Market http://www.tmsk.org.tr/makaleler/ 10.03.2010) http://www.bvresources.com/freedownloads/FAS157.pdf, 08.03.2010 http://www.forbes.com/2008/09/29/mark-to-market-oped- cx_ng_0929gingrich.html,19.03.2010.