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MUHAFAZAKÂR MUHASEBE VE YÖNETİM KURULU YAPISI İLİŞKİSİNİN İNCELENMESİ

Yıl 2019, Cilt: 6 Sayı: 2, 351 - 369, 29.08.2019
https://doi.org/10.30798/makuiibf.527581

Öz

Muhasebe uygulamaları varlıkların,
yükümlülüklerin ve dönem sonucunu gösteren kâr tutarının belirlenmesine ve
sunumuna dair düzenlemeler sayesinde gerçekleştirilmek-tedir. Bu düzenlemeler
de yöneticilere belirli noktalarda esneklik/tercih hakkı sunmaktadır. Söz
konusu tercih haklarının kullanılması sonucunda ise muhasebe sistemin-den
üretilen bilgiler farklılaşmaktadır.  Bu
çalışmanın amacı muhafazakâr (ihtiyatlı) muhasebe uygulamaları ve firma yönetim
kurulu yapısı arasındaki ilişkilerin incelenmesidir. Bu kapsamda BIST İmalat
Sektöründe faaliyet gösteren firmaların 2012-2016 yıllarını kapsayan veriler
kullanılarak incelemeler yapılmıştır. Muhafa-zakârlık düzeyi koşulsuz ve koşullu
olmak üzere iki grupta incelenmiştir. Elde edilen bulgulara göre, ör-neklem ve
inceleme dönemi itibariyle, firmaların yönetim kurulu yapıları ve koşulsuz
muhafazakârlık düzeyleri arasında bir ilişki olmadığı tespit edilmiştir. Diğer
taraftan koşullu muhafazakârlık kapsamında yönetim kurulu büyüklüğü artmasının
muhafazakârlık düzeyini düşür-düğüne dair kanıtlar elde edilmiştir.

Kaynakça

  • AHMED, A. S., & DUELLMAN, S. (2007). Accounting conservatism and board of director characteristics: An empirical analysis. Journal of accounting and economics, 43(2-3), 411-437.
  • AHMED, K., & HENRY, D. (2012). Accounting conservatism and voluntary corporate governance mechanisms by Australian firms. Accounting & Finance, 52(3), 631-662.
  • AMRAN, N. A., & MANAF, K. B. A. (2014). Board independence and accounting conservatism in Malaysian companies. Procedia-Social and Behavioral Sciences, 164, 403-408.
  • BALL, R. (2001). Infrastructure requirements for an economically efficient system of public financial reporting and disclosure. Brookings-Wharton papers on financial services, 2001(1), 127-169.
  • BALL, R., & SHIVAKUMAR, L. (2005). Earnings quality in UK private firms: comparative loss recognition timeliness. Journal of accounting and economics, 39(1), 83-128.
  • BASU, S. (1997). The conservatism principle and the asymmetric timeliness of earnings1. Journal of accounting and economics, 24(1), 3-37.
  • BEAVER, W. H., & RYAN, S. G. (2000). Biases and lags in book value and their effects on the ability of the book-to-market ratio to predict book return on equity. Journal of accounting research, 38(1), 127-148.
  • BEAVER, W. H., & RYAN, S. G. (2005). Conditional and unconditional conservatism: Concepts and modeling. Review of Accounting Studies, 10(2-3), 269-309.
  • BECK, N., & KATZ, J. N. (1995). What to do (and not to do) with time-series cross-section data. American political science review, 89(3), 634-647.
  • BEEKES, W., POPE, P., & YOUNG, S. (2004). The link between earnings timeliness, earnings conservatism and board composition: evidence from the UK. Corporate Governance: An International Review, 12(1), 47-59.
  • BLISS, J. H. (1924). Management through accounts: Ronald Press Company.
  • BOARD, A. S. (1991). Qualitative characteristic of financial information. ASB, London.
  • BUSHMAN, R. M., & PIOTROSKI, J. D. (2006). Financial reporting incentives for conservative accounting: The influence of legal and political institutions. Journal of Accounting and Economics, 42(1-2), 107-148.
  • COMMITTEE, I. A. S. (1997). Presentation of financial statements (Vol. 1): International Accounting Standards Committee.
  • CULLINAN, C. P., WANG, F., WANG, P., & ZHANG, J. (2012). Ownership structure and accounting conservatism in China. Journal of International Accounting, Auditing and Taxation, 21(1), 1-16.
  • FELTHAM, G. A., & OHLSON, J. A. (1995). Valuation and clean surplus accounting for operating and financial activities. Contemporary accounting research, 11(2), 689-731.
  • GARCÍA LARA, J. M., OSMA, B. G., & PENALVA, F. (2007). Board of directors' characteristics and conditional accounting conservatism: Spanish evidence. European Accounting Review, 16(4), 727-755.
  • GASSEN, J., UWE FÜLBIER, R., & SELLHORN, T. (2006). International differences in conditional conservatism–the role of unconditional conservatism and income smoothing. European Accounting Review, 15(4), 527-564.
  • GUJARATI, D. N. (2009). Basic econometrics: Tata McGraw-Hill Education.
  • JENSEN, M. C., & MECKLING, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
  • LAFOND, R., & ROYCHOWDHURY, S. (2008). Managerial ownership and accounting conservatism. Journal of accounting research, 46(1), 101-135.
  • LEVENTIS, S., DIMITROPOULOS, P., & OWUSU‐ANSAH, S. (2013). Corporate governance and accounting conservatism: Evidence from the banking industry. Corporate Governance: An International Review, 21(3), 264-286.
  • LOBO, G. J., & ZHOU, J. (2006). Did conservatism in financial reporting increase after the Sarbanes-Oxley Act? Initial evidence. Accounting horizons, 20(1), 57-73.
  • QIANG, X. (2007). The effects of contracting, litigation, regulation, and tax costs on conditional and unconditional conservatism: Cross-sectional evidence at the firm level. The accounting review, 82(3), 759-796.
  • RUCH, G. W., & TAYLOR, G. (2015). Accounting conservatism: A review of the literature. Journal of Accounting Literature, 34, 17-38.
  • RYAN, S. G. (2006). Identifying conditional conservatism. European Accounting Review, 15(4), 511-525.
  • WATTS, R., & ZIMMERMAN, J. (1986). Positive accounting theory. Englewood Cliffs, NJ: Prentice Hall.
  • WATTS, R. L. (2003). Conservatism in accounting part I: Explanations and implications. Accounting horizons, 17(3), 207-221.
  • WATTS, R. L., & ZİMMERMAN, J. L. (1990). Positive accounting theory: a ten year perspective. Accounting review, 131-156.

INVESTIGATION OF THE RELATIONSHIP BETWEEN ACCOUNTING CONSERVATISM AND BOARD STRUCTURE

Yıl 2019, Cilt: 6 Sayı: 2, 351 - 369, 29.08.2019
https://doi.org/10.30798/makuiibf.527581

Öz

Accounting practices are implemented through the
regulations for the determination and presentation of the assets, liabilities and
the profit amount representing the period result. These regulations also
provide managers with the flexibility / choice right at certain situations. As
a result of the use of these rights, the information generated from the
accounting system becomes different. The aim of this study is to investigate
the association between conservative (prudent) accounting practices and firms’
board structure. In this context, the companies which operate in BIST
Manufacturing Sector have been examined by using the data covering 2012-2016.
The level of conservatism is examined in two groups as unconditional and
conditional conservatism. According to the findings, as of the sample and
investigation period, it is determined that there is no relationship between
the board structures and unconditional conservatism levels of firms. On the
other hand, in the context of conditional conservatism, there is evidence that
the increase in the board size reduces the level of conditional conservatism.

Kaynakça

  • AHMED, A. S., & DUELLMAN, S. (2007). Accounting conservatism and board of director characteristics: An empirical analysis. Journal of accounting and economics, 43(2-3), 411-437.
  • AHMED, K., & HENRY, D. (2012). Accounting conservatism and voluntary corporate governance mechanisms by Australian firms. Accounting & Finance, 52(3), 631-662.
  • AMRAN, N. A., & MANAF, K. B. A. (2014). Board independence and accounting conservatism in Malaysian companies. Procedia-Social and Behavioral Sciences, 164, 403-408.
  • BALL, R. (2001). Infrastructure requirements for an economically efficient system of public financial reporting and disclosure. Brookings-Wharton papers on financial services, 2001(1), 127-169.
  • BALL, R., & SHIVAKUMAR, L. (2005). Earnings quality in UK private firms: comparative loss recognition timeliness. Journal of accounting and economics, 39(1), 83-128.
  • BASU, S. (1997). The conservatism principle and the asymmetric timeliness of earnings1. Journal of accounting and economics, 24(1), 3-37.
  • BEAVER, W. H., & RYAN, S. G. (2000). Biases and lags in book value and their effects on the ability of the book-to-market ratio to predict book return on equity. Journal of accounting research, 38(1), 127-148.
  • BEAVER, W. H., & RYAN, S. G. (2005). Conditional and unconditional conservatism: Concepts and modeling. Review of Accounting Studies, 10(2-3), 269-309.
  • BECK, N., & KATZ, J. N. (1995). What to do (and not to do) with time-series cross-section data. American political science review, 89(3), 634-647.
  • BEEKES, W., POPE, P., & YOUNG, S. (2004). The link between earnings timeliness, earnings conservatism and board composition: evidence from the UK. Corporate Governance: An International Review, 12(1), 47-59.
  • BLISS, J. H. (1924). Management through accounts: Ronald Press Company.
  • BOARD, A. S. (1991). Qualitative characteristic of financial information. ASB, London.
  • BUSHMAN, R. M., & PIOTROSKI, J. D. (2006). Financial reporting incentives for conservative accounting: The influence of legal and political institutions. Journal of Accounting and Economics, 42(1-2), 107-148.
  • COMMITTEE, I. A. S. (1997). Presentation of financial statements (Vol. 1): International Accounting Standards Committee.
  • CULLINAN, C. P., WANG, F., WANG, P., & ZHANG, J. (2012). Ownership structure and accounting conservatism in China. Journal of International Accounting, Auditing and Taxation, 21(1), 1-16.
  • FELTHAM, G. A., & OHLSON, J. A. (1995). Valuation and clean surplus accounting for operating and financial activities. Contemporary accounting research, 11(2), 689-731.
  • GARCÍA LARA, J. M., OSMA, B. G., & PENALVA, F. (2007). Board of directors' characteristics and conditional accounting conservatism: Spanish evidence. European Accounting Review, 16(4), 727-755.
  • GASSEN, J., UWE FÜLBIER, R., & SELLHORN, T. (2006). International differences in conditional conservatism–the role of unconditional conservatism and income smoothing. European Accounting Review, 15(4), 527-564.
  • GUJARATI, D. N. (2009). Basic econometrics: Tata McGraw-Hill Education.
  • JENSEN, M. C., & MECKLING, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
  • LAFOND, R., & ROYCHOWDHURY, S. (2008). Managerial ownership and accounting conservatism. Journal of accounting research, 46(1), 101-135.
  • LEVENTIS, S., DIMITROPOULOS, P., & OWUSU‐ANSAH, S. (2013). Corporate governance and accounting conservatism: Evidence from the banking industry. Corporate Governance: An International Review, 21(3), 264-286.
  • LOBO, G. J., & ZHOU, J. (2006). Did conservatism in financial reporting increase after the Sarbanes-Oxley Act? Initial evidence. Accounting horizons, 20(1), 57-73.
  • QIANG, X. (2007). The effects of contracting, litigation, regulation, and tax costs on conditional and unconditional conservatism: Cross-sectional evidence at the firm level. The accounting review, 82(3), 759-796.
  • RUCH, G. W., & TAYLOR, G. (2015). Accounting conservatism: A review of the literature. Journal of Accounting Literature, 34, 17-38.
  • RYAN, S. G. (2006). Identifying conditional conservatism. European Accounting Review, 15(4), 511-525.
  • WATTS, R., & ZIMMERMAN, J. (1986). Positive accounting theory. Englewood Cliffs, NJ: Prentice Hall.
  • WATTS, R. L. (2003). Conservatism in accounting part I: Explanations and implications. Accounting horizons, 17(3), 207-221.
  • WATTS, R. L., & ZİMMERMAN, J. L. (1990). Positive accounting theory: a ten year perspective. Accounting review, 131-156.
Toplam 29 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Bölüm Araştırma Makaleleri
Yazarlar

Hüseyin Temiz 0000-0003-0735-8884

Merve Acar 0000-0001-5312-7935

Elçin Dalkılıç 0000-0001-5939-8584

Yayımlanma Tarihi 29 Ağustos 2019
Gönderilme Tarihi 15 Şubat 2019
Yayımlandığı Sayı Yıl 2019 Cilt: 6 Sayı: 2

Kaynak Göster

APA Temiz, H., Acar, M., & Dalkılıç, E. (2019). MUHAFAZAKÂR MUHASEBE VE YÖNETİM KURULU YAPISI İLİŞKİSİNİN İNCELENMESİ. Mehmet Akif Ersoy Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 6(2), 351-369. https://doi.org/10.30798/makuiibf.527581