An investigation of compliance with International Financial Reporting Standards by listed companies in Turkey
Vol. 13, Nr. 1/2014 , p4..34
Author(s):
Volkan Demir
Oguzhan Bahadir
Keywords:
IFRS implementation, IFRS compliance, disclosure checklist, company characteristics, Turkey
Abstract:
This studyinvestigates the extent of compliance with international financial reportingstandards (IFRSs) by listed companies in Turkey. Based on a sample of 168companies we investigate the extent to which companies comply with IFRSdisclosure requirements in their year - 2011 financial statements. Compliancelevels range from 64 percent to 92 percent, with an average of 79 percent. The results unveil a considerable extent of non-compliance. Theoverall level of compliance with IFRSs disclosures is positively related tofirms being audited by Big 4 auditing firms. Compliance is also negativelyassociated with the level of leverage. Other company characteristics, such asprofitability, company size and age aredetermined to be statistically insignificant in explaining the level ofdisclosure compliance with IFRSs. The findings add to the growing concernsregarding the lack of effective monitoring in the Turkish capital market.
Download:
http://online-cig.ase.ro/jcig/art/13_1_1.pdf
Back
|
|