Araştırma Makalesi
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TFRS’NİN FİNANSAL RAPORLARA ETKİSİNİN DEĞER İLGİSİ İLE TESPİTİ: BİST İMALAT SANAYİ SEKTÖRÜNDE BİR UYGULAMA

Yıl 2019, Cilt: 10 Sayı: 23, 99 - 107, 28.02.2019
https://doi.org/10.21076/vizyoner.503976

Öz

Bu çalışma Türkiye’de Türkiye Finansal Raporlama Standartları (TFRS) uygulamalarının öncesi ve sonrası dönem için finansal raporlardan elde edilen ve bilanço ve gelir tablosunda yer alan muhasebe verilerinin değer ilgisi düzeyini incelemektedir. Çalışma, TFRS uygulamasından önceki altı yıllık (1999 - 2004) ve TFRS uygulamasından sonraki on iki yıllık dönem (2005 - 2016) üzerine odaklanmıştır. Bu amaçla Borsa İstanbul’da imalat sanayi sektöründe işlem gören 40 işletmenin verileri panel veri analizi yöntemi ile analiz edilmiştir. Çalışma sonunda özkaynak defter değeri ile işletmelerin piyasa değeri arasındaki ilişkinin TFRS sonrası dönem için arttığı tespit edilmiştir. Ayrıca net kardaki değişim ile hisse senedi getirisi arasındaki ilişki de TFRS öncesi ve sonrası dönemler için test edilmiştir. Yapılan analizler sonunda yatırımcıların hisse senedi getirilerini analiz ederken net kardaki değişimden faydalanmayı tercih ettikleri gözlemlenmiştir.

Kaynakça

  • Adetunji S.A. (2016). “The Value Relevance Of Earnings İn The Return–Earnings Relation İn The Nigerian Deposit Moneybanks”, https://ideas.repec.org/a/taf/oabmxx/v3y2016i1p1210276.html, (Erişim Tarihi: 20 Aralık 2018).
  • Bepari M.K., Rahman S.F. ve Mollik T. (2013). “Value Relevance of Earnings and Cash Flows during the global financial crisis”, Review of Accounting And Finance, 12, 226-251.
  • Blanchette M. (2011). “Critical Perspectives on the Implementation of IFRS in Canada”,Journal of Global Business Administration, 3(1), 2-17.
  • Brown P. ve Ball R. (1968). “An Empirical Evaluation of Accounting Income Numbers”, Journal of Accounting Research, 6(2), 159-178.
  • Durodola E., Jafaru J., Uwuigbe M., Olubukola R., Jimoh R. ve Uwuigbe U. (2017). “International Financial Reporting Standard Adoption and Value Relevance of Accounting Information in Nigeria”, International Journal of Economics and Financial Issues, 7, 1-8.
  • Easton P.D. ve Harris TS. (1991). “Earnings As An Explanatory Variable For Returns”, Journal of Accounting Research, 29, 19-36.
  • Hausman J. (1978). “Specification Tests in Econometrics”, Econometrica, 46, 1251–1271.
  • Iatridis G. (2010). “International Financial Reporting Standards and The Quality of Financial Statement Information”, International Review of Financial Analysis, 19, 193–204.
  • Jacob, R.A. ve Madu, C.N. (2004). “Are We Approaching A Universal Accounting Language İn Five Years?”, Foresight, 6(4), 356 – 363.
  • Morais A. ve Curto J. (2008). “Accounting Quality and the Adoption of IASB Standards – Portuguese Evidence”, Revista Contabilidade & Finanças, 19, 103-111.
  • Othman H., ve Chebaane S. (2014), ”The Impact of IFRS Adoption on Value Relevance of Earnings and Book Value of Equity: The Case of Emerging Markets in African and Asian Regions”,Procedia - Social and Behavioral Sciences, 145, 70-80.
  • Pazarlıoğlu, V. ve Akkaya, Ş. (2000). Ekonometri I, İzmir: Berk Masa Üstü Yayıncılık.
  • Soderlund K. (2010). “International Financial Reporting Standard And Value Relevance Of Financial Reporting In Finland: A Disaggregated Approach”, http://www.ekonomiportalen.se/UP036.pdf, (Erişim Tarihi: 24 Ekim 2018).
  • Subramanyam K.R. ve Mingy, H. (2004). “Financial Statement Effects of Adopting International Accounting Standards: the Case of Germany”, Review of Accounting Studies, 4, 21-48.
  • Tendeloo, B. ve Vanstraelen, A. (2005). “Earnings Management under German GAAP Versus IFRS”, European Accounting Review, 14(1), 155-180.
  • Wagdy, M.A. (2001). “Managing Multinationals In The Middle East: Accounting And Tax Issues: Quontm Books, 88 Post Road West, Westport, An imprint of Greenwood hblishing Group, Inc. Printed in the United States of America, S.3, 1-10.

THE DETERMINATION OF THE EFFECT OF TFRS ON FINANCIAL REPORTS WITH VALUE RELEVANCE: AN APPLICATION IN BIST MANUFACTURING SECTOR

Yıl 2019, Cilt: 10 Sayı: 23, 99 - 107, 28.02.2019
https://doi.org/10.21076/vizyoner.503976

Öz

The research examines the level of value relevance of accounting data in the pre and post Turkish Financial Reporting Standards (TFRS) period in Turkey. The study focuses on six year period (1999 - 2004) before TFRS and twelve year period (2005 - 2016) after TFRS application. For this purpose, data of 40 firms traded in the manufacturing industry sector in İstanbul Stock Exchange are analyzed. The evidence derived from the study suggested that the relationship between the book value of equity and the market value of the companies has increased for the post TFRS period. By conducting further analysis, the relationship between stock return – change in net profit is investigated for the pre and post TFRS adoption periods. As a result, it is observed that investors prefer to utilize the change in net profit while evaluating the stock returns. 

Kaynakça

  • Adetunji S.A. (2016). “The Value Relevance Of Earnings İn The Return–Earnings Relation İn The Nigerian Deposit Moneybanks”, https://ideas.repec.org/a/taf/oabmxx/v3y2016i1p1210276.html, (Erişim Tarihi: 20 Aralık 2018).
  • Bepari M.K., Rahman S.F. ve Mollik T. (2013). “Value Relevance of Earnings and Cash Flows during the global financial crisis”, Review of Accounting And Finance, 12, 226-251.
  • Blanchette M. (2011). “Critical Perspectives on the Implementation of IFRS in Canada”,Journal of Global Business Administration, 3(1), 2-17.
  • Brown P. ve Ball R. (1968). “An Empirical Evaluation of Accounting Income Numbers”, Journal of Accounting Research, 6(2), 159-178.
  • Durodola E., Jafaru J., Uwuigbe M., Olubukola R., Jimoh R. ve Uwuigbe U. (2017). “International Financial Reporting Standard Adoption and Value Relevance of Accounting Information in Nigeria”, International Journal of Economics and Financial Issues, 7, 1-8.
  • Easton P.D. ve Harris TS. (1991). “Earnings As An Explanatory Variable For Returns”, Journal of Accounting Research, 29, 19-36.
  • Hausman J. (1978). “Specification Tests in Econometrics”, Econometrica, 46, 1251–1271.
  • Iatridis G. (2010). “International Financial Reporting Standards and The Quality of Financial Statement Information”, International Review of Financial Analysis, 19, 193–204.
  • Jacob, R.A. ve Madu, C.N. (2004). “Are We Approaching A Universal Accounting Language İn Five Years?”, Foresight, 6(4), 356 – 363.
  • Morais A. ve Curto J. (2008). “Accounting Quality and the Adoption of IASB Standards – Portuguese Evidence”, Revista Contabilidade & Finanças, 19, 103-111.
  • Othman H., ve Chebaane S. (2014), ”The Impact of IFRS Adoption on Value Relevance of Earnings and Book Value of Equity: The Case of Emerging Markets in African and Asian Regions”,Procedia - Social and Behavioral Sciences, 145, 70-80.
  • Pazarlıoğlu, V. ve Akkaya, Ş. (2000). Ekonometri I, İzmir: Berk Masa Üstü Yayıncılık.
  • Soderlund K. (2010). “International Financial Reporting Standard And Value Relevance Of Financial Reporting In Finland: A Disaggregated Approach”, http://www.ekonomiportalen.se/UP036.pdf, (Erişim Tarihi: 24 Ekim 2018).
  • Subramanyam K.R. ve Mingy, H. (2004). “Financial Statement Effects of Adopting International Accounting Standards: the Case of Germany”, Review of Accounting Studies, 4, 21-48.
  • Tendeloo, B. ve Vanstraelen, A. (2005). “Earnings Management under German GAAP Versus IFRS”, European Accounting Review, 14(1), 155-180.
  • Wagdy, M.A. (2001). “Managing Multinationals In The Middle East: Accounting And Tax Issues: Quontm Books, 88 Post Road West, Westport, An imprint of Greenwood hblishing Group, Inc. Printed in the United States of America, S.3, 1-10.
Toplam 16 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İşletme
Bölüm Araştırma Makaleleri
Yazarlar

İnci Çisil Oral Bu kişi benim 0000-0002-6582-2836

İsmail Bekci 0000-0002-9861-737X

Yayımlanma Tarihi 28 Şubat 2019
Gönderilme Tarihi 27 Aralık 2018
Yayımlandığı Sayı Yıl 2019 Cilt: 10 Sayı: 23

Kaynak Göster

APA Oral, İ. Ç., & Bekci, İ. (2019). TFRS’NİN FİNANSAL RAPORLARA ETKİSİNİN DEĞER İLGİSİ İLE TESPİTİ: BİST İMALAT SANAYİ SEKTÖRÜNDE BİR UYGULAMA. Süleyman Demirel Üniversitesi Vizyoner Dergisi, 10(23), 99-107. https://doi.org/10.21076/vizyoner.503976

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