Ahmet AĞCA, SEYFETTİN ÜNAL, M. Mesut KAYALI

The Impact of Globalization and Financial Reporting on the Efficiency of Financial Markets: An Assessment from it Perspective

Bu çalışma, finansal raporlama ve küreselleşmenin finansal piyasaların etkinliği üzerindeki etkisine bilgi teknolojileri açısından bir bakış sunmaktadır. Bilgi teknolojilerindeki gelişmeler, ekonomileri birbirine entegre etmek suretiyle iş dünyasını yeniden şekillendirip küreselleşmeyi beraberinde getirmiştir. Ekonomi biliminin, kaynakların tahsisinde etkinliği öngördüğü dikkate alındığında; küreselleşmenin, etkinlik arayışının evrensel yolu haline geldiği görülmektedir. Bilgi, yüksek verimliliğe sahip üretim faktörlerinin üretim sürecine katılmasında önemli rol oynayan ve bu süreci başlatan temel bileşen olarak karşımıza çıkmaktadır. Finansal piyasaların, finansal raporlama mekanizmasının sağladığı nitelikli bilgiye olan ihtiyacı bilgi teknolojilerinin hayati rolünü ortaya koymaktadır. Dolayısıyla, finansal piyasaların etkin çalışması ve kaynakların yanlış tahsisinin önlenmesi için piyasa oyuncularının yüksek kalitede bilgi ile donatılması gereklidir.

This paper evaluates the role of financial reporting on the efficiency of financial markets along with the effect of globalization by approaching from the Information Technologies (IT) point of view. The innovations in IT have revolutionized the business world and led to globalization by integrating economies. Since the economics deals with the efficient allocation of limited resources, globalization has become the universal way in the search of efficiency. In employing highly efficient production factors, information is the essential element that initiates this process. IT’s pivotal role derives from the fact that financial markets rely on competent information provided by financial reporting mechanism. Thus, financial market participants should be fully equipped by high quality information so that financial markets function effectively and the misallocation of resources is avoided.

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