Muhafazakar Muhasebe Uygulamalarının Kurumsallaşmış Şirketlerdeki Etkisi Üzerine Bir Araştırma

Son yıllarda yaşanan küresel rekabet ortamında kurumsal yönetim uygulamaları şirketlere büyük avantaj sağlamaktadır. Özellikle şirketlerin yönetim kurullarını giderek daha bağımsız hale getirdiği görülmektedir. Diğer taraftan muhafazakarlık; oluşabilecek en kötü zararı öngörerek hareket etmektir. Bu anlamda muhafazakar muhasebede uygulamaları ile kurumsallaşma arasında ters yönlü bir ilişkisi olduğu düşünülmektedir. Muhafazakar muhasebe uygulamalarının kurumsallaşmış şirketlere etkisinin incelenmesi ise bu araştırmanın konusunu oluşturmaktadır. Bu amaçla BIST 100 Endeksinde yer alan 74 şirkete ait veriler kullanılarak analiz gerçekleştirilmiştir. Fakat sportif ve finansal şirketler bilançolarının farklılık arz etmesi nedeniyle çalışmanın kapsamı dışında tutulmuştur. Araştırma kapsamında elde edilen veriler çoklu regresyon analizi yöntemi ile analiz edilmiştir. Çalışmanın neticesinde yönetim kurulunun bağımsızlığını arttıran kurumsal yönetim uygulamalarından bazılarının muhafazakarlık ile ters yönlü ilişkilerinin olduğu tespit edilmiştir.

A Research On The Effects Of Corporate Accounting Practices On Corporate Companies

Corporate governance practices provide a great advantage to companies in the global competitive environment that has lived in recent years. In particular, it appears that companies have become increasingly independent of their board of directors. On the other hand conservatism, is to act by foreseeing the worst potential loss. In this sense, it is thought that there is a negative relationship between conservativist practices and corporation. In this direction, the examination of the effect of conservative accounting practices on institutionalized companies has led to the conduct of this research. For this purpose, analyzes were carried out using data from 74 companies in the BIST 100 Index. However, sports and financial companies were removed from the scope of the research because of their differences. The data obtained in the research were analyzed by multiple regression analysis method. As a result of the study, it has been determined that some of the corporate governance practices that increase the independence of the management board are inversely related to conservatism.

PDF

___

Abor, J. ve Biepke, N. (2007) “Corporate governance, ownership structure and performance of SMEs in Ghana:implications for financing opportunities”, Corporate Governance: The International Journal of Business in Society, 7 (3), ss: 288 300.
Ahmed, A. ve Duellman, S., (2007), Accounting Conservatism And Board Of Director Characteristics: An Empirical Analysis, Journal of Accounting and Economics, Vol:43
Ball, R. ve Shivakumar, L., (2005), Earnings Quality in UK Private Firms: Comperative loss recognition timeliness, Journal of Accounting and Economics, Vol:39
Banimahd, B. ve Baghani, T., (2009), Effect of Accounting Conservatism, Government Ownership, Company’s Size and Ratio of Leverage on Companies Loss, Journal of Accounting and Auditing Researches, No:58
Bartov, E., Gul, F. A. ve Tsui, J. S. L. (2001), Discretionary-accruals models and audit qualifications, Journal of Accounting and Economics, 30(3): 421-452.
Basu, S., (1997), The Conservatism Principle and The Asymmetric Timeliness off Earnings, Journal of Accounting and Economics, pp:3-37
Basu, S., (2005), Discussion of Conditional and Unconditional Conservatism: Concepts and Modelling, Review of Accounting Studies, No:10
Beaver, W. ve Ryan, S., (2005), Conditional and Unconditional Conservatism: Consept and Modelling, Review of Accounting Studies, No:10
Bebchuk, L. (1994), Efficient and inefficient sales of corporate control, The Quarterly Journal of Economics, 109: 957-994.
Bliss, J. H., (1924), Management through accounts. The Ronald Press Co, New York Caskey, J. ve Laux, V. (2015). Corporate Governance, Accounting Conservatism, and Manipulation. Available at SSRN: https://ssrn.com/abstract=2251378 or http://dx.doi.org/10.2139/ssrn.2251378
Chi, W., Liu C. ve Wang. T., (2009), What effects accounting conservatism: A corporate governance perspective, Journal of Contemporary Accounting & Economics, Vol:5
Çokluk Ö., (2010), Kuram ve Uygulamada Eğitim Bilimleri, Educational Sciences: Theory & Practice, Vol:10 (3)
Ebrahimi, K.A. ve Sahriary, M., (2009), Investigation of Relationship between Political Costs and Conservatism (political hypothesis) in Tehran Stock Exchange, Journal of Accounting and Auditing Investigations, No:57
Feltham, G. ve Ohlson, J., (1995), Valuation and Clean Surplus Accounting for Operating and Financial Activities, Contemporary Accounting Research Garcia, L.J.M., Garcia O.B. ve Penalva, F., (2009), Accouting Conservatism and Corporate Governance, Review of Accounting Studies, No:14
Givoly, D. ve Hayn, C. (2000). The changing time-series properties of earnings, cash flows and accruals: Has financial reporting become more conservative?. Journal of accounting and economics, 29(3), 287-320.
Goh, B.,W. ve Li, D., (2011), Internal Controls and Conditional Conservatism, Accounting Review, Vol. 86, No. 3
Gör, Y., Terzi S. ve Kıymetli Şen, İ., (2016), Şeffaflık Açısından Kurumsal Yönetim Uygulamalarının Finansal Raporlamanın Süresi Üzerine Etkisi: Borsa İstanbul Örneği, Muhasebe Bilim Dünyası Dergisi, 18 (Özel sayı 1), s:673-705
Hamdan, A.M.M., Kukrija, G.,Awwad, B.S.A. ve Dergham, M.M., (2012), The Auditing Quality and Accounting Conservatism, International Management Review, Vol:8, No:2
Jensen, M. C. ve Meckling, W. H. (1976), Theory of The Firm: Manageral Behaviour, Agency Costs and Ownership Structure, Journal of Financial Economics, 3:305-360.
Jensen, M., (1993), The modern industrial revolution, exit and the failure of internal control systems, The Journal of Finance, Vol:48 No:3, s:831-880
Kalaycı, Ş. (2008), SPSS Uygulamalı Çok Değişkenli İstatistik Teknikleri, Asil Yayın Dağıtım
Khoshtinat, M. ve Fereshteh, Y., (2007), Relationship between Symmetry and Asymmetry of Information and Conservatism, Accounting Studies, No:20
Kootanaee, A.J., Seyyedi, J., Nedaei, M. ve Kootanaee, M.J., (2013), Accounting Conservatism and Corporate Governance’s Mechanism: Evidence from Tehran Stock Exchange, International Journal of Economics, Business and Finance, Vol:1, (10)
Kouki, M., Elkhaldi, A. , Atri, H. ve Souid, S. (2011), Does Corporate GOvernance Constrain Earnings Mangement? Evidence from US Firms, European Journal of Economics, Finance and Administrative Sciences, 35: 58–71.
Lara, J. M. G., Osma, B. G. ve Penalva, F. (2009). Accounting conservatism and corporate governance. Review of accounting studies, 14(1), 161-201.
Lee, P.J., Taylor, S.J. ve Taylor, S.L., (2006), Auditor Conservatism and Audit Quality: Evidence from IPO Earnings Forecasts, International Journal of Auditing, Vol. 10, No. 3, pp. 183-199
Liao, P., Radhakrishnan, S., (2016), The Effects of the Auditor's Insurance Role on Reporting Conservatism and Audit Quality, The Accounting Review: March 2016, Vol. 91, No. 2, pp. 587-602
Mitra, S., Jaggi, B. ve Hossain, M., (2015), Internal Control Weaknesses and Accounting Conservatism Evidence From the Post–Sarbanes–Oxley Period, Journal of Accounting, Auditing & Finance September 14
Pae, J., (2004), Accounting Conservatism, Discretionary Accruals, and Audit Quality, SSRN Electronic Journal
Paulo, I.I.S.L.M., Cavalcante, P.R.N. ve Paulo, E., (2013), The Relationship Between Auditing Quality and Accounting Conservatism in Brazilian Companies, Journal of Education and Research in Accounting, v. 7, n. 3, art. 6, p. 293-314
Reynolds, K., D. Deis, ve J. Francis., (2004), Professional service fees and Auditor objectivity. Auditing: A Journal of Practice & Theory 23 (1), 29-52.
Rezazadeh, J. ve Abdollah, A., (2008), Relationship between Asymmetryof Information and Conservatism in Financial Reporting, Accounting and Auditing Research, No:54
Shleifer, A., Vishny, R., (1997), A survey of corporate governance, Journal of Finance, Vol:52 No:2, s:737-783
Soliman, M.M., (2014), Auditing quality characteristics and accounting conservatism: An empirical study of the listed companies in Egypt, Corporate Ownership and Control, Vol:11, no:2, s:352-361
Solomon, J.F., Solomon, A., Park, C., (2012), The role of intitutional investors in corporate governance reform in South Korea: some empiricial evidence, Corporate Governance: An International Review, Vol:10 No:3, s:211-224
Watss R., (2003), Conservatism in Accounting Part I: Explanations and Implications, Accounting Horizons, No:17
Wolk, H.I., Dodd, J. ve Rozycki, J., (2013), Theory Accounting, Conceptual Issues in Political and Economic Enviroment, Edition & United States of America, Sega Publications
Zahra, S. ve Pearce, J. (1989), Boards of Directors and Corporate Financial Performance: A Review and Integrative Model, Journal of Mangement, 15(2):291-334.