ULUSLARARASI FİNANSAL RAPORLAMA STANDARTLARINA GÖRE MADDİ OLMAYAN DURAN VARLIKLARIN DEĞER İLGİLİLİĞİNİN İNCELENMESİ: BORSA İSTANBUL’DAN BULGULAR

Öz

Günümüzün iş dünyasında, maddi olmayan duran varlıklar işletmelerin başarısında önemli rol oynamaktadır. IAS 38 maddi olmayan duran varlıklar ile ilgili olan muhasebe bilgilerinin yatırımcılar açısından daha faydalı olması amacıyla yayınlanmıştır. Bu çalışmada, Uluslararası Finansal Raporlama Standartlarının maddi olmayan duran varlıkların değer ilgililiği üzerindeki etkisi 108 firmanın 2000-2016 yılları arasındaki muhasebe verileri kullanılarak analiz edilmektedir. Panel veri analizinin sonucunda, maddi olmayan duran varlıklar ile şirketlerin hisse senedi fiyatları arasında önemli bir ilişki olduğu ortaya çıkmıştır. Ayrıca, sonuçlar, Uluslararası Finansal Raporlama Standartlarının maddi olmayan duran varlıkların değer ilgililiğini önemli bir oranda arttırdığını ortaya koymaktadır. Bu çalışma, Uluslararası Finansal Raporlama Standartlarının öncesinde ve sonrasında maddi olmayan duran varlıkların değer ilgililiğini analiz ederek literatüre katkıda bulunmayı amaçlamaktadır.

Anahtar Kelimeler

• Değer ilgililiği,maddi olmayan duran varlıklar,Uluslararası Finansal Raporlama Standartları

ANALYSIS OF VALUE RELEVANCE OF INTANGIBLE ASSETS UNDER INTERNATIONAL FINANCIAL REPORTING STANDARDS: EVIDENCE FROM BORSA ISTANBUL

Öz

In the current business climate, intangible assets play a vital role in business success. IAS 38 Intangible Assets was published to enhance the usefulness of financial information about intangible assets from an investor perspective. This paper analyzes intangible assets’ value relevance in the pre and post International Financial Reporting Standards (IFRS) periods in Turkey by using a sample that includes 108 firms over the period 2000 to 2016. The results of panel data analysis show that the amount of intangible assets is significantly associated with the stock price. The results also indicate that value relevance of intangible assets of Turkish manufacturing firms is significantly higher under IFRS than Turkish GAAP. This study aims to fill a gap by specifically analyzing the value relevance of intangible assets reported by Turkish listed firms over the pre and post IFRS period, since the most of previous research studies focus on either one of the two periods.

Anahtar Kelimeler

• value relevance,intangible assets,international financial reporting standards

Kaynakça

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