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BORÇ, İŞLETME BÜYÜKLÜĞÜ VE MUHASEBE KALİTESİ: TÜRKİYE’DE AMPİRİK BİR ÇALIŞMA

Yıl 2020, , 147 - 157, 28.01.2020
https://doi.org/10.14783/maruoneri.676403

Öz

Bu çalışma Türkiye’de Borsa İstanbul’da (BIST)
işlem gören finansal olmayan firmalarda borç ve muhasebe kalitesi arasındaki
ilişkide işletme büyüklüğünün rolünü tespit
etmeyi amaçlamaktadır. 2010-2018 yıllarını kapsayan finansal veriler Orbis’ten
indirilmiştir. Analiz için OLS regresyon modeli
kullanılmıştır. Bu çalışma kaldıracın muhasebe kalitesine etkisinin işletme büyüklüğüne
bağlı olarak değişip değişmediğini araştırması yönüyle literatüre katkı
sağlamaktadır. Çalışmanın bulguları kaldıracın muhasebe kalitesi üzerindeki
etkisinin işletme büyüklüğüne bağlı olarak değiştiğini göstermektedir. Bu
bağlamda işletme küçüldükçe kaldıracın muhasebe kalitesi üzerine etkisinin de
arttığı sonucuna ulaşmıştır.

Kaynakça

  • Abraham, S. & Cox. P. (2007). Analysing the determinants of narrative risk information in UK FTSE 100 annual reports. The British Accounting Review, 39(3), 227-248.
  • Adıgüzel, H. (2017). Türkiye’de uluslararası finansal raporlama standartlarına uyumun firmaların kazanç kalitesi üzerine etkisi. Muhasebe ve Denetime Bakış, 51, 103-114.
  • Ahmed, K. & Courtis, J. K. (1999). Associations between corporate characteristics and disclosure levels in annual reports: A meta-analysis. The British Accounting Review, 31(1), 35-61.
  • Ahmed Sheikh, N. & Wang, Z. (2011). Determinants of capital structure. Managerial Finance, 37(2), 117-133.
  • Bahadır, O., Demir, V. & Öncel, A. G. (2016). IFRS implementation in Turkey: benefits and challenges. Accounting and Management Information Systems, 15(1), 5-26.
  • Baltagi, B. (1995). Econometric Analysis of Panel Data. John Wiley & Sons, New York, NY.
  • Baiman, S. & Verrecchia, R. (1996). The relation among capital markets, financial disclosure, production efficiency, and insider trading. Journal of Accounting Research, 34(1), 1-22.
  • Botosan, C. A. (1997). Disclosure level and the cost of equity capital. The Accounting Review, 37(2), 323-349.
  • Bradbury, M. E. (1992). Voluntary disclosure of financial segment data: New Zealand evidence. Accounting and Finance, 32(1), 15-26.
  • Connors, E. & Gao, L. S. (2011). Corporate environmental performance, disclosure and leverage: An integrated approach. International Review of Accounting, Banking and Finance, 3(3), 1-26.
  • Çelik, O. & Ecer, A. (2009). Efficiency in accounting education: Evidence from Turkish universities. Critical Perspectives on Accounting, 20(5), 614-634.
  • Dechow, P., Weili, G. & Schrand, C. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(2), 344-401.
  • Deesomsak, R., Paudyal, K. & Pescetto, G. (2004). The determinants of capital structure: Evidence from the Asia Pacific Region. Journal of Multinational Financial Management, 14(4-5), 387-405.
  • Dimitropoulos, P., Asteriou, D. & Siriopoulos, C. (2012). Euro adoption and the quality of accounting information. Managerial Auditing Journal, 27(3), 299-328.
  • Ebaid, I. (2016). International accounting standards and accounting quality in code-law countries. Journal of Financial Regulation and Compliance, 24(1), 41-59.
  • Elitaş, C. & Üç, M. (2009). The change on the foundations of Turkish Accounting System and the future perspective, Critical Perspectives on Accounting. 20(5), 674-679.
  • Ferguson, M. J., Lam, K. C. K. & Lee, G. M. (2002). Voluntary disclosure by state‐owned enterprises listed on the stock exchange of Hong Kong. Journal of International Financial Management & Accounting, 13(2), 125-152.
  • Francis, J., Hanna, J. D. & Vincent L. (1996). Causes and effects of discretionary asset write-offs. Journal of Accounting Research, 34, 117-134.
  • Gücenme Gençoğlu, Ü. & Ertan Y. (2012). Muhasebe kalitesini etkileyen faktörler ve Türkiye’deki durum. Muhasebe ve Finansman Dergisi, 53, 1-24.
  • Hossain, M., Perera, M. H. B. & Rahman, A. R. (1995). Voluntary disclosure in the annual reports of New Zealand companies. Journal of International Financial Management & Accounting, 6(1), 69-87.
  • 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.
  • Karğın, M., Aktaş, R. & Arıcı, N. D., (2015). Kurumsal yönetimin finansal raporlama kalitesindeki rolü: Borsa İstanbul üzerine karşılaştırmalı bir uygulama. Yönetim ve Ekonomi, 22(2), 501-519.
  • Karğın, S. (2013). The impact of IFRS on the value relevance of accounting information: Evidence from Turkish firms. International Journal of Economics and Finance, 5(4), 71-80.
  • Kaya, U. & Yazan, Ö. (2017). Kurumsal sosyal sorumluluk - kazanç yönetimi ve finansal performans ilişkisi. Muhasebe ve Denetime Bakış Dergisi, 51, 15-40.
  • Kothari, S. P., Leone, A. J. & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163-197.
  • Lang, M., Raedy, J. S. & Wilson, W. (2006). Earnings management and cross listing: Are reconciled earnings comparable to US earnings? Journal of Accounting and Economics, 42(1-2), 255-283.
  • Larcker, D. F., Richardson, S. A. & Tuna, I. (2007). Corporate governance, accounting outcomes, and organizational performance. The Accounting Review, 82(4), 963-1008.
  • Mert, İ. (2013). A historical overview of accounting in Turkey. Internal Auditing & Risk Management, Anul VIII, 3(31), 15-25.
  • Michaelas, N., Chittenden, F. & Poutziouris, P. (1999). Financial policy and capital structure choice in U.K. SMEs: Empirical evidence from company panel data. Small Business Economics, 12(2), 113-130.
  • Myers, S. C. (2001). Capital structure. Journal of Economic Perspectives, 15(2), 81-102.
  • Özcan, A. (2017). Analysis of value relevance of intangible assets under International Financial Reporting Standards: Evidence from Borsa Istanbul. Mustafa Kemal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 14(40), 364-377.
  • Rajpal, H. (2012). Independent directors and earnings management: Evidence from India. International Journal of Accounting and Financial Management Research, 2(4), 9-24.
  • Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of Accounting and Economics, 42(3), 335-370.
  • Song, L. & Tuoriniemi, J. (2016). Accounting quality, governance standards, and syndicated loan contract. Pacific Accounting Review, 28(1), 2-15.
  • Suadiye, G. (2012). Value relevance of book value & earnings under the local GAAP and IFRS: Evidence from Turkey. Ege Akademik Bakış, 12(3), 301-310.
  • Türel, A. (2009). The value relevance of IFRS: The case of Turkey. Economica, 5(1), 119-128.
  • Varan, S. & Balsari C. (2014). The adoption of International Financial Reporting Standards (IFRS) and loss avoidance in Turkey. Accounting in Central and Eastern Europe (Research in Accounting in Emerging Economies), 13, 1-25.

DEBT, FIRM SIZE, AND ACCOUNTING QUALITY: EMPIRICAL EVIDENCE FROM TURKEY

Yıl 2020, , 147 - 157, 28.01.2020
https://doi.org/10.14783/maruoneri.676403

Öz

This study aims to investigate how firm size
moderates the relationship between debt and accounting quality of the
non-financial firms listed on Borsa Istanbul (BIST) in Turkey. The financial
data are downloaded from Orbis including the years from 2010 to 2018. Ordinary
least squares regression has been applied. This study contributes to the
literature by investigating how firm size shapes the impact of leverage on
accounting quality.
The results of this
study show that the effect of leverage on accounting quality is changing
depending on the firm size. Accordingly, this study concludes that the
magnitude and the direction of the effect of leverage on accounting quality
become stronger when the firm size gets smaller.

Kaynakça

  • Abraham, S. & Cox. P. (2007). Analysing the determinants of narrative risk information in UK FTSE 100 annual reports. The British Accounting Review, 39(3), 227-248.
  • Adıgüzel, H. (2017). Türkiye’de uluslararası finansal raporlama standartlarına uyumun firmaların kazanç kalitesi üzerine etkisi. Muhasebe ve Denetime Bakış, 51, 103-114.
  • Ahmed, K. & Courtis, J. K. (1999). Associations between corporate characteristics and disclosure levels in annual reports: A meta-analysis. The British Accounting Review, 31(1), 35-61.
  • Ahmed Sheikh, N. & Wang, Z. (2011). Determinants of capital structure. Managerial Finance, 37(2), 117-133.
  • Bahadır, O., Demir, V. & Öncel, A. G. (2016). IFRS implementation in Turkey: benefits and challenges. Accounting and Management Information Systems, 15(1), 5-26.
  • Baltagi, B. (1995). Econometric Analysis of Panel Data. John Wiley & Sons, New York, NY.
  • Baiman, S. & Verrecchia, R. (1996). The relation among capital markets, financial disclosure, production efficiency, and insider trading. Journal of Accounting Research, 34(1), 1-22.
  • Botosan, C. A. (1997). Disclosure level and the cost of equity capital. The Accounting Review, 37(2), 323-349.
  • Bradbury, M. E. (1992). Voluntary disclosure of financial segment data: New Zealand evidence. Accounting and Finance, 32(1), 15-26.
  • Connors, E. & Gao, L. S. (2011). Corporate environmental performance, disclosure and leverage: An integrated approach. International Review of Accounting, Banking and Finance, 3(3), 1-26.
  • Çelik, O. & Ecer, A. (2009). Efficiency in accounting education: Evidence from Turkish universities. Critical Perspectives on Accounting, 20(5), 614-634.
  • Dechow, P., Weili, G. & Schrand, C. (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, 50(2), 344-401.
  • Deesomsak, R., Paudyal, K. & Pescetto, G. (2004). The determinants of capital structure: Evidence from the Asia Pacific Region. Journal of Multinational Financial Management, 14(4-5), 387-405.
  • Dimitropoulos, P., Asteriou, D. & Siriopoulos, C. (2012). Euro adoption and the quality of accounting information. Managerial Auditing Journal, 27(3), 299-328.
  • Ebaid, I. (2016). International accounting standards and accounting quality in code-law countries. Journal of Financial Regulation and Compliance, 24(1), 41-59.
  • Elitaş, C. & Üç, M. (2009). The change on the foundations of Turkish Accounting System and the future perspective, Critical Perspectives on Accounting. 20(5), 674-679.
  • Ferguson, M. J., Lam, K. C. K. & Lee, G. M. (2002). Voluntary disclosure by state‐owned enterprises listed on the stock exchange of Hong Kong. Journal of International Financial Management & Accounting, 13(2), 125-152.
  • Francis, J., Hanna, J. D. & Vincent L. (1996). Causes and effects of discretionary asset write-offs. Journal of Accounting Research, 34, 117-134.
  • Gücenme Gençoğlu, Ü. & Ertan Y. (2012). Muhasebe kalitesini etkileyen faktörler ve Türkiye’deki durum. Muhasebe ve Finansman Dergisi, 53, 1-24.
  • Hossain, M., Perera, M. H. B. & Rahman, A. R. (1995). Voluntary disclosure in the annual reports of New Zealand companies. Journal of International Financial Management & Accounting, 6(1), 69-87.
  • 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.
  • Karğın, M., Aktaş, R. & Arıcı, N. D., (2015). Kurumsal yönetimin finansal raporlama kalitesindeki rolü: Borsa İstanbul üzerine karşılaştırmalı bir uygulama. Yönetim ve Ekonomi, 22(2), 501-519.
  • Karğın, S. (2013). The impact of IFRS on the value relevance of accounting information: Evidence from Turkish firms. International Journal of Economics and Finance, 5(4), 71-80.
  • Kaya, U. & Yazan, Ö. (2017). Kurumsal sosyal sorumluluk - kazanç yönetimi ve finansal performans ilişkisi. Muhasebe ve Denetime Bakış Dergisi, 51, 15-40.
  • Kothari, S. P., Leone, A. J. & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163-197.
  • Lang, M., Raedy, J. S. & Wilson, W. (2006). Earnings management and cross listing: Are reconciled earnings comparable to US earnings? Journal of Accounting and Economics, 42(1-2), 255-283.
  • Larcker, D. F., Richardson, S. A. & Tuna, I. (2007). Corporate governance, accounting outcomes, and organizational performance. The Accounting Review, 82(4), 963-1008.
  • Mert, İ. (2013). A historical overview of accounting in Turkey. Internal Auditing & Risk Management, Anul VIII, 3(31), 15-25.
  • Michaelas, N., Chittenden, F. & Poutziouris, P. (1999). Financial policy and capital structure choice in U.K. SMEs: Empirical evidence from company panel data. Small Business Economics, 12(2), 113-130.
  • Myers, S. C. (2001). Capital structure. Journal of Economic Perspectives, 15(2), 81-102.
  • Özcan, A. (2017). Analysis of value relevance of intangible assets under International Financial Reporting Standards: Evidence from Borsa Istanbul. Mustafa Kemal Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 14(40), 364-377.
  • Rajpal, H. (2012). Independent directors and earnings management: Evidence from India. International Journal of Accounting and Financial Management Research, 2(4), 9-24.
  • Roychowdhury, S. (2006). Earnings management through real activities manipulation. Journal of Accounting and Economics, 42(3), 335-370.
  • Song, L. & Tuoriniemi, J. (2016). Accounting quality, governance standards, and syndicated loan contract. Pacific Accounting Review, 28(1), 2-15.
  • Suadiye, G. (2012). Value relevance of book value & earnings under the local GAAP and IFRS: Evidence from Turkey. Ege Akademik Bakış, 12(3), 301-310.
  • Türel, A. (2009). The value relevance of IFRS: The case of Turkey. Economica, 5(1), 119-128.
  • Varan, S. & Balsari C. (2014). The adoption of International Financial Reporting Standards (IFRS) and loss avoidance in Turkey. Accounting in Central and Eastern Europe (Research in Accounting in Emerging Economies), 13, 1-25.
Toplam 37 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Makale Başvuru
Yazarlar

İlhan Dalcı Bu kişi benim 0000-0003-1695-934X

Hasan Özyapıcı 0000-0002-4147-9973

Yayımlanma Tarihi 28 Ocak 2020
Yayımlandığı Sayı Yıl 2020

Kaynak Göster

APA Dalcı, İ., & Özyapıcı, H. (2020). DEBT, FIRM SIZE, AND ACCOUNTING QUALITY: EMPIRICAL EVIDENCE FROM TURKEY. Öneri Dergisi, 15(53), 147-157. https://doi.org/10.14783/maruoneri.676403

15795

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Öneri Dergisi

Marmara Üniversitesi Sosyal Bilimler Enstitüsü

Göztepe Kampüsü Enstitüler Binası Kat:5 34722  Kadıköy/İstanbul

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