Mandatory Adoption of International Financial Reporting Standards, National Institutional Factors and Value Relevance

Yıl 2018, Cilt: 9 Sayı: 16, 1634 - 1659, 30.12.2018

Sinem Ateş

https://doi.org/10.26466/opus.479275

Öz

In this study, it is aimed to determine the change in the value relevance
of accounting information due to mandatory adoption of International Financial
Reporting Standards (IFRS) and the role of national institutional factors in
this change. Towards this end, the academic studies whose sample is composed of
more than one country and investigating the relationship between value
relevance of accounting information, national institutional factors and/or IFRS
and the academic studies investigating the effect of IFRS on the value
relevance of accounting information in Turkey are examined through a literature
review. In accordance with the findings of all these studies, it is seen that
although there is no consensus in the academic studies about the change in the
value relevance of accounting information due to IFRS, the country-specific
factors such as capital market development, capital and ownership structure,
tax systems, cultural factors have a continued influence on the value
relevance. This indicates that, high-quality financial reporting standards are
not enough for high-quality financial reports, but national institutional
factors also play an important role in this process.

Anahtar Kelimeler

Value relevance, IFRS, National institutional factors

Uluslararası Finansal Raporlama Standartlarına Zorunlu Uyum, Ulusal Yapısal Faktörler ve Muhasebe Bilgilerinin Değer İlişkisi

Öz

Bu çalışmada, Uluslararası
Finansal Raporlama Standartları’na (UFRS) zorunlu uyumun, muhasebe bilgilerinin
değer ilişkisinde neden olduğu değişim ve bu değişimde ulusal yapısal
faktörlerin oynadığı rolü tespit etmek amaçlanmıştır. Bu amaçla yapılan
literatür taraması ile muhasebe bilgilerinin değer ilişkisi, ulusal yapısal
faktörler ve/veya UFRS arasındaki ilişkiyi konu eden ve örneklemi birden fazla
ülkeden oluşan akademik çalışmalar ile UFRS’nin muhasebe bilgilerinin değer
ilişkisine olan etkisini araştıran Türkiye örneklemli akademik çalışmalar
incelenmiştir. Bu kapsamda incelenen akademik çalışmalarda, UFRS’nin muhasebe
bilgilerinin değer ilişkisinde neden olduğu değişim konusunda birbirinden
farklı bulgular söz konusu olsa da UFRS’ye uyuma rağmen finansal piyasa
gelişimi, sermaye ve mülkiyet yapısı, vergi sistemi, kültürel faktörler gibi
ülkeye özgü finansal raporlama güdüleyicilerinin, finansal raporlama
uygulamalarını etkilemeye devam ettiği yönünde ortak bulgular olduğu
görülmüştür. Bu durum; muhasebe kalitesi yüksek finansal raporlar için, finansal
raporlama standartlarının kaliteli olmasının yeterli olmadığını, ülkelere özgü ulusal
yapısal faktörlerin de bu süreçte önemli bir role sahip olduğuna işaret
etmektedir.

Anahtar Kelimeler

Değer ilişkisi, UFRS, Ulusal yapısal faktörler

Kaynakça

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