Journal articles: 'Turkey Financial Reporting'

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Ilter, Cenap, and Mustafa Canakcioglu. "The Dilemma of Annual Reporting for Turkish Companies for 2022." Acta Marisiensis. Seria Oeconomica 17, no. 1 (2023): 1–10. http://dx.doi.org/10.2478/amso-2023-0001.

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Abstract Turkey has had another year of high inflation and high devaluation in its economic history. Inflation has been a continuing phenomenon in Turkey for many years. The paper analyzes the consequences of high inflation and devaluation rates on financial statements. Inflation and devaluation create difficulties both for local and foreign subsidiary companies` financial reporting. A model company`s transactions have been used to show the effects of inflation, devaluation on the financial statements. Application of different IAS based reporting methods will create discrepancies among the companies of foreign subsidiaries. Another discrepancy is due to which inflation rate to be applied for IAS 29 purposes. There are two inflation rates being discussed by the public. One is declared by the government statistical agency called “TurkStat” and the other one declared by the non-governmental academicians` organization called “ENAG”. ENAG`s inflation rate-being more than twice of the TurkStat`s makes the case even more interesting. Since government is not going to allow the inflation accounting rules for financial reporting for local/tax purposes for 2022 fiscal year, companies with revenues exceeding expenses and assets exceeding their liabilities will be declaring profits and paying taxes whilst in fact, high inflation and devaluation are sweeping away those profits.

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Avsar, Yusuf, and Ozan Ozdemir. "Conformity of Islamic Banks with AAOIFI Standards for General Presentation and Disclosure in Turkey and Bahrain." Turkish Journal of Islamic Economics 9, no. 1 (2022): 31–57. http://dx.doi.org/10.26414/a291.

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Islamic (participation) banks in Turkey are required to apply international accounting standards in their accounting and reporting practices, while their counterparts in Bahrain apply the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards. The main objective of this paper is to reveal the relation between Islamic and international accounting standards, discussed in previous studies, by comparing the compliance to AAOIFI accounting standards by Islamic banks in both Turkey and Bahrain. The source of information in this study is secondary data provided in the annual reports of the Islamic banks in Turkey and Bahrain for the year 2017. In order to measure compliance, an unweighted disclosure index was used. The outcomes of this study show that, since AAOIFI accounting standards are compulsory in Bahrain, the level of compliance with AAOIFI standards in relation to general presentation and disclosure in the financial statements of Islamic banks in Turkey is lower than the compliance achieved by their counterparts in Bahrain. Due to the average compliance level achieved by Islamic banks (using the unweighted disclosure index) in Turkey (54.6%), and since all banks in Turkey apply international financial reporting standards and international accounting standards, it is found that there is a relation between AAOIFI and International Accounting Standards Board standards even though they are different. Surprisingly, in the case of Bahrain’s Islamic banks, the standard deviation of the total compliance score is 8.66, which indicates an important difference among the Islamic banks in Bahrain in this regard. It is also found that the current practices of participation banks in Turkey do not adequately meet the financial statements and disclosure standards in accordance with the AAOIFI.

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Demir, Zekeriya, and Aysun Aktas. "The Development of Financial Reporting and the International Integration Studies in Turkey." Procedia Economics and Finance 23 (2015): 1321–39. http://dx.doi.org/10.1016/s2212-5671(15)00567-5.

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Ahmet, Şit, Ekşi İbrahim Halil, and Buyuran Burcu. "How Important is Corporate Governance Features and the Lags on Audit Reports in Firm Performance: The Case of Turkey." Studies in Business and Economics 17, no. 1 (2022): 218–37. http://dx.doi.org/10.2478/sbe-2022-0015.

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Abstract The purpose of our article is to examine whether corporate governance dimensions and audit reporting lags affect firm performance in Turkey. In this article 30 firms operating in BIST 30 were used. Data cover the 2013-2019 periods. To analyze relationships between variables, we used the Westerlund Cointegration test and CCE Group Estimator. According to results, there is a long-term cointegrated relationship between dependent and independent variables in both models. In both models, there is significantly negative relationship between reporting lags and ROA/ROE. There is significantly positive relationship between firm performance and board independence. This study is one of the few studies measuring audit reporting lag and different corporate governance dimensions and their impact on firm financial performance in Turkey.

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Kocamiş, Tuğçe Uzun, and Gülçin Yildirim. "Sustainability Reporting in Turkey: Analysis of Companies in the BIST Sustainability Index." European Journal of Economics and Business Studies 6, no. 1 (2016): 41. http://dx.doi.org/10.26417/ejes.v6i1.p41-51.

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Sustainability reporting is a responsibility practice that towards sustainable development goals as related to corporate performance measurement, explaining and being accountable to internal and external stakeholders. Non-financial information relating to operating activities can be disclosed through sustainability reports. Sustainability reporting is a vital step of managing change towards a sustainable global economy—one that combines long-term profitability with environmental care and social justice. Sustainability reports developed using the GRI Reporting Framework covers results and consequences the emerged in the context of organization's commitments, strategy and management approach during the reporting period. Through the Global Reporting Initiative (GRI) Sustainability Reporting Framework, the GRI works to increase the transparency and exchange of sustainability-related information. The Borsa Istanbul Sustainability Index, published since 2014 is an important development for the business in Turkey which is aimed sustainable development. Sustainability reports have been prepared on a voluntary basis in Turkey and in many countries. In line with global developments the number of business is increasing who prefer to explain activities of economic, environmental and social dimensions through corporate sustainability reports in Turkey as well. This study conceptually reviews sustainability reporting and its benefits for the business. In order to see the effectiveness of the sustainability reports, sustainability reports of business in the BIST sustainability index will be subjected to content analysis basis GRI Reporting Principles on voluntary basis.

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BOZDOĞAN, Tunga, and Halil ERDOĞAN. "Evaluation of Annual Reports of Banks in Comparative Perspective." New Challenges in Accounting and Finance 4 (September 15, 2020): 17–30. https://doi.org/10.32038/NCAF.2020.04.02.

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Banks are one of the most important units of the economic structure today. From the top public authority to the smallest investor, administrators who are responsible for the economy need information about the bank's financial situation and operational results. This information, required by decision-makers, is given by the annual reports prepared by the bank. The annual reports should be presented in a clear, understandable and comparable way to meet the required information of the relevant decision-makers. The purpose of this study is to analyze the content of bank annual reports from a comparative perspective. In this framework, Introduction, Corporate Governance, Financial Reporting and Activities Analysis and Evaluation of the Annual Reports of JP Morgan Chase Bank, which is the United States' largest bank, and Is bank of Turkey, which is Turkey's largest private sector bank, were compared by total assets by the end of 2019 with this study. The differences between the banks were tried to be determined and the determined differences were evaluated according to their level of importance.

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Sarıoğlu, Kerem. "Problems in Making International Financial Reporting Standards Become "National": The Case of Turkey." Business and Economics Research Journal 8, no. 4 (2017): 849–57. http://dx.doi.org/10.20409/berj.2017.87.

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Aksoy, Mine, Mustafa Kemal Yilmaz, Nuraydin Topcu, and Özgür Uysal. "The impact of ownership structure, board attributes and XBRL mandate on timeliness of financial reporting: evidence from Turkey." Journal of Applied Accounting Research 22, no. 4 (2021): 706–31. http://dx.doi.org/10.1108/jaar-07-2020-0127.

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PurposeThe purpose of this study is to investigate the effects of ownership structure, board attributes and eXtensible Business Reporting Language (XBRL) on annual financial reporting timeliness of non-financial companies listed on Borsa Istanbul (BIST).Design/methodology/approachTo conduct the analyses, the authors used two samples. The main sample consists of 187 companies, while the subsample includes 54 companies in the BIST 100 index. The data set covers the 2010–2018 period. To investigate the influence of ownership structure, board attributes and XBRL on timeliness, panel regression and univariate analyses were used. To explore the factors associated with the likelihood of late filing, panel logistic regression analyses were employed.FindingsThe findings provide evidence that companies that have a high level of institutional ownership and women board membership file earlier. In line with prior studies, profitable companies file their accounts faster. Highly leveraged companies are late reporters. Further, XBRL has a positive influence on the filing of financial reports for the BIST 100 companies due to technological agility. Finally, companies that have less institutional ownership and that get qualified audit opinions are more subject to late filing.Research limitations/implicationsThe authors acknowledge that this study has certain limitations. First, the results may not be generalized to the entire BIST population due to the exclusion of financial companies from the samples. Future research may explore the financial reporting timeliness of these companies. Second, the study did not investigate the relationship between timeliness and the information content in financial statements and the market reactions they arouse. Third, this study is trying to find out early evidence on the mandatory adoption of XBRL filings, which cover only three-year period due to the recent implementation of this regulatory practice. Thus, it needs further elaboration after the accumulation of data in the forthcoming years by the expansion of the sample beyond the 2016–2018 period. As companies would have more time to become familiar with XBRL, a more reliable conclusion may be drawn. Further, the study particularly focuses on the effect of XBRL adoption on the timeliness among filers. XBRL could also influence investors, auditors and other stakeholders. Future research could investigate the influence of XBRL on different stakeholders to produce more insightful implications.Practical implicationsThis study offers several implications for managers, regulators and policy makers. First, companies that do not make timely financial reporting may find it more difficult to attract long-term capital by means of institutional investors. Since these investors view timely reporting as an ideal ingredient in corporate governance, it may have a positive impact on company reputation and corporate sustainability. The results also provide insights for regulatory authorities, policy makers and auditors on the causes of the reporting lag, thereby increasing their awareness and helping them in their decision-making process since improvements in timely availability and accessibility of financial information reduce information asymmetry for users and increase market efficiency. Additionally, companies that reduce their filing timeframe will be able to compare their results with other companies. However, the XBRL mandate could be much more burdensome to smaller firms. This may stem from the fact that larger firms may tend to use the in-house approach for XBRL and can afford more advanced financial reporting systems with automated coding algorithms attached to streamline their XBRL filings, whereas smaller firms are more likely to use the outsourcing approach due to the difference in the level of resources available for XBRL preparation. This finding also lends support to recent concerns that new technology creates an unleveled benefit in reporting efficiency for large companies, but not for small ones (e.g. Blankespoor et al., 2014). This benefit may change the dynamics of the financial market and information environment, leading to further segmentation of the capital markets. The positive effects of XBRL adoption may accrue over time due to the potential benefits of learning curve experience since the XBRL mandate will help companies automate their reporting process and information processing, thereby strengthening internal control over financial reporting (Deloitte, 2013; Du et al., 2013; Li, 2017). Companies may also efficiently incorporate auditor-proposed adjustments by cross-referencing impacted accounts and prepare revised versions of the financial reports, which are automatically rendered in various formats for auditors to assess (Wu and Vasarhelyi, 2004). Finally, investors and other users of financial information benefit from having quicker access to data, since this allows them to make more timely and reliable decisions, leading to greater benefits.Originality/valueThis paper contributes to the literature on the impact of adopting XBRL on the timeliness of financial reporting in emerging markets. Second, this study extends the literature and provides evidence on determinants of timeliness, covering both ownership structure and board attributes besides firm-specific characteristics. Hence, it provides valuable insights for companies, investors, auditing firms and policy makers.

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Çatuk, Cüneyt, and Mehmet Nedim Uygur. "IFRS convergence and international trade: evidence from comparison of Türkiye and European Union." Business: Theory and Practice 26, no. 1 (2025): 202–11. https://doi.org/10.3846/btp.2025.23102.

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The congruence of accounting standards with high-quality financial data constitutes a cornerstone of the institutional frameworks of modern economies. The adoption of International Financial Reporting Standards (IFRS) facilitates greater transparency and comparability in financial reporting, enabling more effective allocation of resources and capital. This process enhances the stability of financial systems, improves corporate governance, and supports integration into global economic framework. This study seeks to address the following research questions: (1) How does the adoption of IFRS by Turkey influence its trade flows with the EU? (2) How do income disparities between Türkiye and EU member states interact with IFRS adoption to affect bilateral trade? (3) What is the macroeconomic importance of IFRS adoption to Türkiye’s overall trade balance? Through answering these questions, this research intends to contribute to filling an important gap in literature. The results of this research; First, IFRS adoption by Turkey reflects an immense positive impact both on exports and imports, with exports bearing more impact. This research draws attention to IFRS adoption’s role in promoting financial transparency, optimizing bilateral flows, and minimizing trade deficit in Turkey. Second, how IFRS adoption interacts with disparities in per capita income tells us more about trade behavior. Third, macroeconomic consequences of IFRS adoption are reflected in how IFRS adoption decreases Turkey’s trade deficit. The results indicate that IFRS adoption encourages exports more than imports, which points to IFRS adoption acting as an instrument to raise competitiveness and overall Turkish trade balance. This finding answers the third research question, which draws attention to how instrumental IFRS adoption is to frame trade policy and economic integration.

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Yavuz, Melih Sefa, Hasan Sadık Tatlı, Gözde Bozkurt, and Gökten Öngel. "Does ESG performance have an impact on financial performance? Evidence from Turkey." Journal of Entrepreneurship, Management and Innovation 21, no. 1 (2025): 24–42. https://doi.org/10.7341/20252112.

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PURPOSE: Stakeholders such as consumers, nongovernmental organizations, and public institutions have increasingly pressured companies to adopt corporate social responsibility (CSR) policies. This trend has led to the integration of environmental, social, and governance (ESG) reporting into business strategies to achieve long-term competitive advantages and enhance financial performance. ESG reporting has become a critical tool for measuring corporate CSR efforts, contributing to the institutionalization of nonfinancial reporting standards. This study aims to determine how the adoption of ESG sub-dimensions affects the financial performance of companies in Turkey. METHODOLOGY: The study employed panel regression analysis on data from 21 companies listed in the Borsa Istanbul-100 index over the period 2011–2020 to investigate the relationship between ESG sub-dimensions and firm performance. FINDINGS: The findings indicate that adopting the environmental and governance sub-dimensions positively affects ROE and Tobin’s Q. However, the adoption of the governance sub-dimension negatively impacts Tobin’s Q while positively influencing ROE. No statistically significant results were found regarding the impact of ESG sub-dimensions on firms’ ROA ratios. IMPLICATIONS: The results of the research, based on the example of Turkey, are important to determine how companies’ social responsibility strategies in developing countries provide them with outputs in terms of environment, social and governance and whether social responsibility-based activities are truly sustainable strategy for companies in developing countries.The findings highlight the importance of considering the macroeconomic structure, legal system, and financial development of countries when evaluating CSR activities. The regulatory environment plays a significant role, as weaker legal protections can negatively affect the relationship between governance practices and firm performance. For practitioners, the insights suggest prioritizing environmental investments and carefully strategizing governance practices to align with investor expectations and regulatory frameworks. ORIGINALITY AND VALUE: By focusing on the BIST 100 companies, this study contributes to the limited literature on the role of ESG sub-dimensions in shaping financial performance in developing markets. This research provides valuable insights into how environmental, social, and governance practices specifically impact the financial outcomes of firms in Turkey, offering a nuanced understanding that can inform both academic discussions and practical strategies in similar contexts.

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TUNÇEZ, H. Arif, and Aytaç DEMİRAY. "METHODS USED FOR ANALYZING CASH FLOW TABLE AND CASH FLOW TABLE ACCORDING TO TURKEY ACCOUNTING STANDARDS." SOCIAL SCIENCE DEVELOPMENT JOURNAL 8, no. 40 (2023): 177–85. http://dx.doi.org/10.31567/ssd.1040.

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The combination of businesses in the globalizing economy and different countries has led to different accounting practices. Businesses have thus been forced to maintain different financial statements and accounting records for each foreign market in which they operate. With the development of international trade, a common financial report for businesses operating in foreign markets has been evaluated and interpreted. It is to eliminate the differences in accounting of the businesses operating in the international markets and to ensure that a common accounting system is used. In this case, international accounting standards were published. To ensure compliance with standards, International Accounting Standards (UMS) and International Financial Reporting Standards (UFRS) have been translated into Turkish for better understanding and interpretation. Turkish Accounting Standards (TMS) and Turkish Financial Reporting Standards (TFRS) were created and published in the Official Gazette in 2005. Financial reporting standards require that the financial status table, comprehensive revenue table and equity exchange sheet and cash flow table be reported and presented together. Considerations for the preparation of the cash flow table are regulated by the "TMS 7: Cash Flow Tables" standard as a separate standard. TMS 7 was released for the purposes of performing the account period, which started after 31.12.2005. The cash flow table shows the increase and decrease in cash flows arising from business activity transactions and business activities. The purpose of the cash flow table is to explain the variation between an asset item that is equal to cash and cash. The cash flow table traces the collections, payments, and uses for the payments that the business has made. This study outlines descriptions and concepts regarding the aspects, methods and cash flow statement that should be considered when preparing the cash flow table.

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Yıldırım, Furkan, Burcu Ilgaz Yıldırım, and Serap Alkaya. "Cash flow ratios in financial statements: an application for stone and land based industry sector." International Journal of Innovative Research in Education 3, no. 1 (2016): 10. http://dx.doi.org/10.18844/ijire.v3i1.468.

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International Financial Reporting Standards (UFRS) has made publishing cash flow statement mandatory, along with balance and income statement. In Turkey, Turkey Accounting Standards Board has published TMS 7 that is compatible with UFRS. TMS 7 requires that cash flow statement be documented in an action-based format. There are some studies discussing the effectiveness of action based cash flow statements for the use of analysis. Cash flow ratios have been used more frequently in financial performance assessment after UFRS made cash flow statement publishing mandatory. Cash flow ratio analysis requires the cash flow ratios to be calculated and interpreted. After the analysis, the action results of the company is assessed based on financial performance. In this study, the cash flow ratio analysis of stocks of stone and land based industrial companies on ISE between 2012 and 2014. The purpose of this study is to assess the various dimensions of the companies performances using cash flow ratios.Keywords: Cash flow, ratios, financial analysis, finance.

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Karaca, Halime, Hakan Erkuş, and Arzu Meriç. "Evaluation of Financial Reporting Standards Adaptation Process: Research for Professionals and Academicians." Muhasebe ve Finansman Dergisi, no. 105 (January 26, 2025): 1–20. https://doi.org/10.25095/mufad.1565850.

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The formation and widespread use of standards to ensure international uniformity in the world is recognised as one of the most significant changes in financial reporting in the history of accounting. These changes and developments have a significant impact on professional members and accounting education, which are closely related to the adaptation process of standards. The purpose of this study is to examine the views of academicians and independent auditors who provide accounting education at universities in Turkey on the financial reporting standards adaptation process. The analysis of the data obtained from 389 participants revealed no significant differences in opinion between independent auditors and academicians regarding their general views on standards and the services provided by relevant institutions on standards. However, there was a notable divergence of opinion on the perceived effectiveness of the POA in addressing standards-related issues and the broader challenges associated with standards.

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Bircan, Gözde. "THE EFFECTS OF HYPERINFLATION ON FINANCIAL REPORTING AND AUDIT PRACTICES: EVIDENCE FROM TÜRKİYE." Journal of Research in Business 10, no. 1 (2025): 166–94. https://doi.org/10.54452/jrb.1586465.

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The purpose of this paper is to reveal the impact and reflections of a hyperinflationary economy, thus hyperinflationary accounting on annual financial reports and independent auditor’s reports in Turkey for the year 2023 regarding IAS 29 Financial Reporting in Hyperinflationary Economies, and International Standard on Auditing (ISA) 701-Communicating Key Audit Matters in the Independent Auditor’s Report & (ISA) 706- Emphasis of Matter Paragraphs in the Independent Auditor’s Report. This study concerns a relatively emerging topic and an additional specific area for which there are a few studies peculiar to each country’s economy. The empirical findings of this study are significant in that they provide a complete map from a broader research perspective. The study adds to the literature by providing valuable insights and content about the matter of hyperinflation which is an ongoing problem in the long term as regards financial reporting and independent auditing. Moreover, it raises awareness about the reporting challenges of hyperinflation for the prospective hyperinflationist periods that might occur in the foreseeable future.

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Ibrahimov, Zohrab, Sakina Hajiyeva, Vuqar Nazarov, Azar Mazanov, and Jalil Baghirov. "Quality and Innovations in the Financial Reporting as a Way to Increase Attractiveness for Institutional Investors." Marketing and Management of Innovations 2, no. 1 (2022): 244–54. http://dx.doi.org/10.21272/mmi.2022.2-22.

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At the present stage of global development there is a transition from understanding the financial statements of enterprises not only as a source of quantitative indicators of the company's development but also as a reputable tool for its reliability and readiness for transparent relations with counterparties. Investment decision-making has always been characterized by balancing profitability and reliability of capital investment. Accordingly, this requires increasing emphasis on the quality and complexity of companies' financial reporting, allowing you to maximize the amount of information provided to potential investors. The article aims to test the hypothesis about the impact of qualitative characteristics of financial reporting on the attractiveness of companies to investors. The study analyzes the evolution of financial reporting, the causes and consequences of innovative approaches to its preparation, and the dissemination of national and international standards. The second stage of the analysis involves modeling the impact of financial reporting and investment attractiveness of enterprises at the national level through economic and mathematical modeling (the specificity of the model is determined by testing the quantitative input data). According to the results of the study of financial reporting quality indicators, the general parameter is the strength of auditing and reporting standards, which the World Economic Forum assesses based on a survey of business leaders. Indicators of the country's investment attractiveness calculated by the World Bank's global statistical base were chosen as dependent variables. Calculations are performed on panel data for a sample of more than 20 countries (Azerbaijan, Belgium, Bulgaria, Canada, China, Czech Republic, Germany, Spain, Estonia, Georgia, Ghana, Greece, Hungary, India, Israel, Italy, Japan, Kazakhstan, Lithuania, Morocco, Mexico, Mongolia, New Zealand, Romania, Turkey, United States) over ten years. The obtained results of calculations are the basis for finding ways to improve further the quality of financial and nonfinancial disclosure of companies to increase their competitiveness in the investment market.

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Eryigit, Mehmet. "Short-term performance of stocks after fraudulent financial reporting announcement." Journal of Financial Crime 26, no. 2 (2019): 464–76. http://dx.doi.org/10.1108/jfc-11-2016-0076.

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Purpose Availability of accurate and reliable information in financial markets helps investors make well-informed decisions on capital allocations which is beneficial for long-term economic growth. In this regards, the role of auditing firms that inspect the financial statements of the publicly traded companies in sound operation of financial markets has been increasing. The Capital Market Board of Turkey (CMBT) has the task and responsibility of investigating fraudulent information disseminated by the firms whose stocks are traded in Borsa Istanbul. The investigations can lead to monetary penalties if fraud is proven and the results are published by CMBT in its weekly bulletin. The present study aims to examine the effect of announcements of financial irregularities of companies in CMBT Bulletin on the performance of the relevant company stock in the short term. Design/methodology/approach This study uses abnormal return, cumulative abnormal return and cumulative average abnormal return as metrics and parametric, as well as non-parametric tests to ascertain whether the announcements of financial irregularities in company operations have any statistically significant effect on the return of its stock. Findings The results indicate that publication of the financial penalty news by CMBT in its bulletin has almost no statistically significant influence on the performance of the relevant companies’ stock in Borsa Istanbul. The findings indicate that either the investors in this particular markets do not consider such news relevant to long-term success of the firm or the announcement does not provide any new information and penalties have been priced into the stock before the announcement in the bulletin. Originality/value In literature there is no more research about the effect of the announcements of administrative monetary penalties and crime complaints on the stock returns.

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Nijam, Habeeb Mohamed, and Athambawa Jahfer. "IFRS Adoption and Financial Reporting Quality: A Review of Evidences in Different Jurisdictions." International Letters of Social and Humanistic Sciences 69 (May 2016): 93–106. http://dx.doi.org/10.18052/www.scipress.com/ilshs.69.93.

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Conventional and commonly held wisdom with respect to the adoption of International Financial Reporting Standards (IFRS) is that they lead to improved financial reporting quality and comparability and thereby favorable economic consequences. There are however contradicting evidences disproving this conventional wisdom or rejecting its gross generalization over the entire jurisdictions harmonizing on IFRS. Driven by this fact, quests for knowledge about the dynamics and contexts that lead to differential effects of IFRS get momentum. In an attempt to explore the insight into the effects of international accounting harmonization by way of IFRS adoption, this paper reviews selected literatures on the consequences of IFRS adoption. This review discusses some empirical evidences that have been reported in various countries that include Europe, USA, United Kingdom, Germany, Spain, Norway, Greece, Poland, Belgian, France, Italian, Turkey, United Arab Emirates (UAE), Kuwait, Jordan, China, Malaysia, Australia, Hong Kong, New Zealand, Kenya and Nigeria. Our review focuses on the aspects of value relevance, disclosure quality, cost of capital, earning management and financial statement impact due to the IFRS adoption. This review reveals that the economic consequences of IFRS adoption is significantly different though its impact reported to be positive in majority of cases. There are also notable number of studies that report indifferent and or negative effects of IFRS adoption. When IFRS studies report mixed evidence with respect to value relevance of book value of equity and earing, book value of equity supersedes the earning parameters. IFRS are found to supersede many other domestic financial reporting standards in terms of amount and the quality of disclosures in financial statement. This review also obtains that IFRS’s impact on the reduction of cost of capital depends on financial reporting incentives, law enforcement, types of legal systems and various other country-specific and capital market characteristics. Further, though there are some evidences to the contrary, the quality of earnings reported under IFRS has been established to be superior to other local standards.

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Akdogan, Nalan, and Can Ozturk. "A Country Specific Approach To IFRS Accounting Policy Choice In The European, Australian And Turkish Context." EMAJ: Emerging Markets Journal 5, no. 1 (2015): 60–81. http://dx.doi.org/10.5195/emaj.2015.70.

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IAS 8 defines the concept of accounting policy as "the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements". Within the framework of this concept, this research that is derived from International Financial Reporting Standards (IFRS) contributes to the accounting literature by focusing on the alternative accounting policies' debate related to presentation and recognition issues in the European, Australian and Turkish context and concludes that there is an influence of local accounting policies over IFRS practice in Turkey and this influence still exists in Europe and Australia. This shows that as long as diversity in accounting policies of IFRS is present, entities are expected to be inclined to select their local accounting policies by leading to comparability of financial statements within the country rather than between countries in the IFRS context.

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Sultanoglu, Banu, Can Simga Mugan, Umut Sekerdag, and Adil Oran. "The auditor’s opinion modifications around domestic and global financial crises." Meditari Accountancy Research 26, no. 4 (2018): 622–39. http://dx.doi.org/10.1108/medar-08-2017-0199.

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Purpose The purpose of this study is to investigate the effect of company characteristics such as the level of financial distress, client size and type of auditor on the propensity to issue modified audit opinions and to assess comparative differences in audit opinions during two significant economic crises in Turkey. Design/methodology/approach Logistic regression model is used to test the incremental contribution of each company characteristic on issuing the type of audit opinion for crisis periods. Additionally, to understand the reasons for differences in audit opinions between two types of crisis periods, the authors adopt Francis and Krishnan’s (2002) approach in which an auditor’s propensity to issue modified opinion may be jointly based on changes in client characteristics and auditor reporting strategies in that period. Findings The results indicate that there is a positive relationship between financial distress and the likelihood of receiving modified opinions in both crisis periods. Additionally, client size affects audit opinions negatively in both periods significantly. Auditors show higher propensity to issue a modified opinion during the domestic than the global financial crisis period, which could be explained by the changes in client characteristics more than their reporting strategy. Practical implications This study provides supportive evidence that the company characteristics including the financial distress can be very useful predictors for the auditors’ decisions while issuing their opinions. Originality/value The findings of different auditor behaviors during crises periods and possible reasons are the main contributions of this study for international and domestic regulators, investors, audit firms, academics and standard setters in emerging economies.

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YILMAZ, ZÜLEYHA, and Hakan Yazarkan. "Comparison between Curriculums of Business Schools in Turkey and the World in Terms of IAS/IFRS Courses." New Trends and Issues Proceedings on Humanities and Social Sciences 3, no. 4 (2017): 249–59. http://dx.doi.org/10.18844/prosoc.v3i4.1222.

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This paper presents a framework for the list of accounting courses in terms of both undergraduate and graduate curriculums. The main purpose of this study is to make a comparison between curriculums of business schools in terms of offered International Accounting Standards (IAS) or International Financial Reporting Standards (IFRS) courses. The worldâ€™s best 50 business schools ranked byÂ â€œ Quacquarelli Symonds (QS)â€ and the best 50 business schools in Turkey ranked according to their base point of â€œthe Student Selection Examination (Ã–SS)â€ in 2015 are selected as the sample of the study. Content analysis is applied as a method. In additon, at the end of the study business schoolâ€™s curriculum policies are discussed comparatively. As a result of the study, it is found that while IAS/IFRS courses are offered commonly in Turkey, only a few related courses are offered in the world.Â

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Ocak, Murat, and Evrim Altuk Ozden. "Signing Auditor-Specific Characteristics And Audit Report Lag: A Research From Turkey." Journal of Applied Business Research (JABR) 34, no. 2 (2018): 277–94. http://dx.doi.org/10.19030/jabr.v34i2.10129.

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The purpose of this paper is to examine the effect of signing auditor-specific characteristics on the audit report lag using 968 firm-year observations from Borsa İstanbul in the period 2008-2013. The main findings indicate that the gender and education level of signing auditor have a positive effect on audit report lag. Also big4 audit firms in Turkey encourage auditees to present financial statements timely and they play a substantial role in the reporting. Audit opinion directly affects audit report lag. Firm performance and firm age inversely affect audit report lag. Moreover, big 4’s female signing auditors lead to more audit delay. The higher educational level of signing auditors leads to more audit report lag. Signing auditors who hold master’s or Ph.D. degrees and also female signing auditors are associated with more audit report lag in firms audited by big4 and non-big4 firms.

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Şahan, Meryem, Ibrahim Halil Eksi, and Nuri Hacievliyagil. "How Does Transparency Affect Bank Risk and Performance? Evidence from Turkey." Problemy Zarządzania - Management Issues 2022, no. 3 (97) (2022): 148–68. http://dx.doi.org/10.7172/1644-9584.97.8.

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Purpose: The main objective of this study is to investigate the effect of transparency on the performance of banks, which are among the most important units of the financial sector. Methodology: The Generalized Method of Moments (GMM) analysis was applied using the annual data from 22 deposit banks operating in Turkey. Four models related to profitability, credit risk, deposits, and stock returns were established by calculating a transparency score derived on the basis of 106 criteria for each year and for each bank. Findings: According to the GMM results, it was observed that transparency, credit risk, and profitability were negatively correlated, while stock returns had a positive relationship. Research limitations: There are not enough public-traded banks, especially in the stock returns section. Although this research has the largest sample size among the studies conducted to date, all banks in Turkey could not be included in its scope. Value: The analysis reveals the importance of reporting and sharing information from banks. Banks should set a transparency criterion, and a transparency score should be established using the researched criterion.

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Duman, Haluk, Muhammet Bezirci, Mehmet Yücenurşen, and İbrahim Apak. "Expectations of today’s accounting education according to Turkey Accounting / Financial Reporting StandartsTürkiye Muhasebe/Finansal Raporlama Standartlarına göre günümüz muhasebe eğitiminden beklentiler." International Journal of Human Sciences 13, no. 1 (2016): 364. http://dx.doi.org/10.14687/ijhs.v13i1.3491.

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With globalization, not only limit is lifted between the countries, but also capital and information barriers are lifted. So, financial information is needed for making performance assessment and transferring the scarce resources to efficient and effective field. But, this financial information does not allow the analysis and making comparisons wherefore different information are obtained from country to country as a result of the application of different accounting policies. International financial statements which is unique and prepared by a common measure can be used as a basic guidance in the decision-making by existing and potential investors.Issuing TMS/TFRS set which is fully compliant with IAS and IFRS, the application has been made mandatory for all businesses in our country under the new TTK (Turkish Commercial Code) which came into force on January 1, 2013. In this respect, all companies will start preparing financial statements by TMS/TFRS. There are important differences between Turkish tax legislation-the accounting practices of public notification and TMS/TFRS. The accounting training is crucial for minimizing the difference between the basic tax legislation and TMS/TFRS and meeting the expectations of business and the environment by qualified human resources which is most important resource for practising TMS/TFRS effectively and fully on the company. ÖzetKüreselleşme ile ülkeler arasındaki sınırlar kalkmamış, aynı zamanda emek, sermaye ve bilgi önündeki engellerde kalkmıştır. Bu bağlamda kıt kaynakların etkin ve verimli alana aktarılması, performans değerlendirmelerinin yapılabilmesi için mali bilgilere ihtiyaç duyulmaktadır. Bu bağlamda ülkeden ülkeye farklı muhasebe politikaları uygulamaları sonucunda elde edilen mali bilgiler analiz ve karşılaştırma yapılmasına izin vermemektedir. Uluslararası tek ve ortak bir ölçüte göre hazırlanmış mali tablolar mevcut ve potansiyel yatırımcıların karar almasında temel yol gösterici olarak kullanılabilecektir.Bu bağlamda ülkemiz 1 Ocak 2013 tarihi ile yürürlüğe giren yeni TTK ile UMS/UFRS (Uluslararası Muhasebe Standartları/Uluslararası Finansal Raporlama Standartları) ile tam uyumlu TMS/TFRS’yi (Türkiye Muhasebe Standartları/Türkiye Finansal Raporlama Standartları) bütün işletmelere uygulama yükümlülüğü getirmiştir. Bu bağlamda bütün işletmeler finansal tablolarını TMS/TFRS’ye göre hazırlamaya başlayacaklardır. TMS/TRFS ile Türk vergi mevzuatı-muhasebe sistemi uygulama genel tebliğleri arasında önemli farklılıklar bulunmaktadır. TMS/TFRS ve vergi mevzuatı arasındaki temel farkların minimize edilmesi ve TMS/TFRS’nin işletmelerde etkin ve eksiksiz uygulanabilmesinde en önemli kaynak olan nitelikli insan gücünün işletmelerin ve çevresinin beklentilerini karşılayacak “muhasebe eğitimi” büyük önem taşımaktadır. Bu bağlamda Türkiye’de yürürlüğe giren TMS’ye göre muhasebe eğitiminde yapılması gereken değişiklikler açıklanmaya çalışılacaktır.

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Gürbüz, Cennet, N. A. �°, smail Bekci, and Eda Oruç Erdoğan. "An investigation of the impact of financial reporting standards on the quality of accounting knowledge: a sample study from Turkey." International Journal of Managerial and Financial Accounting 16, no. 3 (2024): 312–29. http://dx.doi.org/10.1504/ijmfa.2024.139529.

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Yazgın, Dr Özge. "A SOCIOPOLITICAL ASSESSMENT OF TECHNOLOGY DEVELOPMENT IN ISTANBUL, TURKEY." Istanbul Journal of Social Sciences and Humanities 1, no. 1 (2024): 40–58. http://dx.doi.org/10.62185/issn.3023-5448.1.1.4.

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Rapid technology development in Istanbul raises the concerns for studying the positive or negative impact of technology on the social and political sectors where technology is affecting the world. Therefore, this study aims to conduct a socio-political assessment of technology development in Istanbul. The study used a systematic literature review approach with standards of PRISMA (Preferred Reporting Items for Systematic Review and Meta-Analysis) guidelines. Articles published in 2011-2022 were retrieved from Scopus-indexed journals, and screened for their authenticity, eligibility, and full-text availability for selection. A total of 150 articles were initially identified, which, after the screening, and eligibility testing resulted in N = 10 articles. The results found two important outcomes. The first one is that technology has enhanced societal knowledge and communication with information and communication technology tools such as the Internet and social media. Technology also enhanced the development of planning and collaboration, such as in the municipal sector, for rainwater harvesting systems. This is proficient for water conservation and provides the opportunity for project collaboration and investments with the government in partnerships. In addition, Istanbul’s development of Fintech solutions has also facilitated businesses and governments to foster their financial governance. The system has advanced payments, and transactions with digital payments, online banking, peer-to-peer lending, and regulatory technology for finances. In Turkey, these solutions have fostered financial governance by advancing online payment and transactions with digital access to payment systems. However, secondly, the study found negative impacts of technology development on social and political sectors such as trends of digital exclusion in society, which became a policy issue. For political sectors, included studies mainly prescribe the social media-related political battles as reflecting the negative use of technology. This also reflects the concerns of cybersecurity and threats to data and their management. Overall, the technology development requires planning and strategic implementation. Other areas of technology development, such as software development and startup ecosystems, are also recommended for future research. Keywords: technology development, social impact, political impact, Istanbul.

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UZUN, Erkan, and Ali DERAN. "COMPARISON OF VALUATION MEASURES IN TERMS OF TURKEY ACCOUNTING/FINANCIAL REPORTING STANDARDS (TMS/TFRS), FINANCIAL REPORTING STANDARD FOR LARGE AND MEDIUM-SIZED ENTITIES (BOBI FRS) AND THE TAX PROCEDURE LAW (VUK): A STUDY ONTO THE ASSET STRUCTURE OF FINANCIAL POSITION STATEMENT." Muhasebe ve Vergi Uygulamaları Dergisi 14, no. 2 (2021): 785–812. http://dx.doi.org/10.29067/muvu.799203.

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Nurzhanova, I. S., and A. Banu Başar. "Profiles and analysis of cash flows in enterprises: on the example of an enterprise in Kazakhstan and Turkey." Bulletin of the Karaganda university Economy series 11529, no. 3 (2024): 221–30. http://dx.doi.org/10.31489/2024ec3/221-230.

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Object: The aim of this research is to conduct a comparative analysis of the cash flow statements of the largest air lines in Turkey and Kazakhstan over the period 2019–2023, using the cash flow dependent activity model. Methods: The study utilized the cash flow transaction model proposed by Gup et al., which serves as a complementary model for estimating financial data derived from cash flow statements. Findings: The article discusses the cash flow statement, its significance, presentation, and reporting, as well as the definition of a business model on which cash flows depend and an explanation of eight different models. It also analyz es the cash flow statements of some of the largest airlines in Turkey and Kazakhstan over the period 2019–2023 and presents the results. Based on the analysis, it concludes that the airlines under study fit the profile of Model 2, indicating a successful business model. Conclusions: When analysed, it is evident that the cash flows of the companies in the study primarily follow Model 2 (+, -, -), which is recognised as the most successful business model. The cash flow profile of successful businesses (+, -, -) ranks first in this study, as it does in all other studies.

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Nurzhanova, I. S., and A. Banu Başar. "Profiles and analysis of cash flows in enterprises: on the example of an enterprise in Kazakhstan and Turkey." Bulletin of the Karaganda university Economy series 11529, no. 3 (2024): 222–31. http://dx.doi.org/10.31489/2024ec3/222-231.

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Object: The aim of this research is to conduct a comparative analysis of the cash flow statements of the largest air lines in Turkey and Kazakhstan over the period 2019–2023, using the cash flow dependent activity model. Methods: The study utilized the cash flow transaction model proposed by Gup et al., which serves as a complementary model for estimating financial data derived from cash flow statements. Findings: The article discusses the cash flow statement, its significance, presentation, and reporting, as well as the definition of a business model on which cash flows depend and an explanation of eight different models. It also analyz es the cash flow statements of some of the largest airlines in Turkey and Kazakhstan over the period 2019–2023 and presents the results. Based on the analysis, it concludes that the airlines under study fit the profile of Model 2, indicating a successful business model. Conclusions: When analysed, it is evident that the cash flows of the companies in the study primarily follow Model 2 (+, -, -), which is recognised as the most successful business model. The cash flow profile of successful businesses (+, -, -) ranks first in this study, as it does in all other studies.

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BOZDOĞAN, Tunga, and Halil ERDOĞAN. "Evaluation of Annual Reports of Banks in Comparative Perspective." New Challenges in Accounting and Finance 4 (October 2020): 17–30. http://dx.doi.org/10.32038/ncaf.2020.04.02.

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Banks are one of the most important units of the economic structure today. From the top public authority to the smallest investor, administrators who are responsible for the economy need information about the bank's financial situation and operational results. This information, required by decision-makers, is given by the annual reports prepared by the bank. The annual reports should be presented in a clear, understandable and comparable way to meet the required information of the relevant decision-makers. The purpose of this study is to analyze the content of bank annual reports from a comparative perspective. In this framework, Introduction, Corporate Governance, Financial Reporting and Activities Analysis and Evaluation of the Annual Reports of JP Morgan Chase Bank, which is the United States' largest bank, and Is bank of Turkey, which is Turkey's largest private sector bank, were compared by total assets by the end of 2019 with this study. The differences between the banks were tried to be determined and the determined differences were evaluated according to their level of importance.

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Karapınar, Aydın, and Figen Zaif. "Does the IFRS improve earnings quality? A comparison of Turkish GAAP and IFRS." Journal of Islamic Accounting and Business Research 13, no. 2 (2021): 277–96. http://dx.doi.org/10.1108/jiabr-10-2019-0206.

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Purpose The purpose of this study is to reveal the effect on earnings quality of switching to International Financial Reporting Standards (IFRS) from Turkish generally accepted accounting principles (GAAP) by comparing two sets of financial statements based on Turkish GAAP and IFRS. Design/methodology/approach This study is based on mathematical modeling. The variables (total assets, net income, total accruals, cash receivables, return on assets and size) in the models are core to the quantitative research that examines the relationship between them. In this study, the total accruals are computed based on the indirect approach, and the prediction error of the model represents discretionary accruals that reflect earnings management. The data set includes financial data prepared under IFRS and Turkish GAAP. The univariate and multivariate analyses are conducted by SPSS. Findings The results of this study indicate that IFRS does not cause any significant differences in total assets, but the net income under IFRS is larger compared to that under the Turkish GAAP. It is also found that while there is no significant difference in total accruals, there is a difference in discretionary accruals. In other words, Turkish firms use income-reducing discretionary accruals when adopting IFRS. Originality/value This study provides more insights into the effect of IFRS on earnings quality. It also provides evidence of the effect of accounting culture on IFRS adoption. As a code-law country in Turkey, publicly traded firms have to prepare financial statements based on both Turkish GAAP, which is rule-based and restricts management decisions with strict rules, and the principle-based IFRS which leaves more room to manipulate. To the authors’ knowledge, this is the first study that reveals the effect of accounting standards on earnings management by comparing two sets of financials of the same period prepared under different standards.

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Aksoy, Tamer, and Sezer Bozkus. "Establishment of Effective Internal Audit Function: Recommendations for Best Practice." Journal of Modern Accounting and Auditing 8, no. 9 (2012): 1283–90. https://doi.org/10.5281/zenodo.3233499.

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This paper1 , which is in the light of the last trends in internal auditing, aims to explain the challenges and major issues in establishment of an effective internal audit (IA) function to achieve value-added IA activities as a value-added service center. This paper also discusses the current internal auditing environment in Turkey considered for the needs and expectations of stakeholders and new legislations. In the next five years, five emerging activities for internal auditing may be taken into consideration, namely, the review of corporate governance process, auditing of enterprise risk management (ERM) processes, addressing linkage of strategy and company performance, the ethics audits, and the migration to International Financial Reporting Standards (IFRS), they will be the major focus areas for internal auditing. The qualifications of IA staff, status within the corporation, setting up of the functional and administrative reporting lines, relationship with the audit committee of the board of directors, and the content of IA charter must be sufficient for assurance of the IA function’s effectiveness and objectivity. The effective communication channels among management, audit committee, and IA become more important and must be operated in a consistent manner that accurately contributes to preventing potential future financial crisis and the effectiveness of risk management (RM). Ten main imperatives of change for IA can be summarized as emphasizing RM and governance, addressing key stakeholder priorities, and optimizing IA resources. Based on professional practices, international standards of Institute of Internal Auditors (IIA), best practices, and the relevant recommendations have been made by the authors for practitioners and stakeholders. 

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Aiswarya S and Muthumeenakshi M. "Exploratory Bibliometric Analysis on Geopolitical Risk." International Research Journal of Multidisciplinary Scope 05, no. 04 (2024): 1180–97. http://dx.doi.org/10.47857/irjms.2024.v05i04.01652.

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Geopolitical Risk is the risk associated with war threat, terrorist attacks and the escalated events which can influence international relations and other political factors. This paper resorted bibliometric analysis to investigate the research trend in the area of geopolitical risk, which helps in identifying the prominent authors, most globally cited documents, international collaboration, important research areas associated with geopolitical risk. China is the country which leads publication in geopolitical risk followed by Turkey, India, UK and USA in the selected study period. GPR studies are more associated with risk assessment, commerce, investments, cost analysis, climate change, economic effects and sustainable development. A systematic literature review on available documents is performed using ‘Preferred Reporting Items for Systematic Reviews and Meta-analysis’ (PRISMA) guidelines to find out its impact on financial market and macroeconomic variables. Out of the 810 articles found after applying filters, articles satisfying the objective were selected for review purpose. Oil market is the most explored market when it comes to assessing impact of GPR. TVP-VAR model is followed by majority of the researchers to find out the time varying relationship among the variables. From the analysis it is understood that the field of geopolitical risk is receiving much attention among the financial market researchers.

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Ndlovu, Ntombizodwa, Odette Volmink, Edward Sepirwa, and Meckie Achayo. "O-196 NATIONAL PROGRAMMES FOR THE ELIMINATION OF SILICOSIS IN THE NON-MINING INDUSTRY: A SCOPING REVIEW." Occupational Medicine 74, Supplement_1 (2024): 0. http://dx.doi.org/10.1093/occmed/kqae023.0989.

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Abstract Introduction Experiences from countries, e.g., Switzerland, Germany, Finland and France, demonstrated that silicosis incidence reduction is possible. In 1995, the ILO/WHO launched the Global Programme for the Elimination of Silicosis (GPES) to support National Programmes for the Elimination of Silicosis (NPES) by member countries for elimination of silicosis by 2030. We explored the implementation, enablers and barriers of NPES in the non-mining industry globally. Methods In this scoping review, PubMed, Scopus, Web of Science and the Cochrane Library and several institutional websites were searched for scientific and grey literature. Documents in English on NPES published from 1995 to 2021 were included. Results Eleven of 1277 documents met the eligibility criteria and were reviewed (2 journal papers, 3 reports, 5 slide presentations and 1 fact sheet). Seven were dated 2005 and four from 2010 to 2021. The reports covered nine countries: Brazil, Chile, China, India, Peru, South Africa, Thailand, Turkey and Vietnam. Enabling strategies were international and national collaborations, capacity building, policy development, enforcement, and surveillance and research. Barriers included inadequate political will, financial resources, lack of knowledge, access to information, reporting and poor enforcement of regulations. Discussion The sparse reporting on NPES implementation and evaluation suggests loss of momentum of the GPES and a shift of focus to other hazards. Improved leadership, awareness, regular reporting, collaboration and sharing of best practices should contribute to attainment of the elimination targets. Conclusion Silicosis elimination remains a priority due to its emergence in new (e.g., artificial stone) and old (e.g., coal mining) industries and resurgence in some countries.

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Kılıç, Merve, and Cemil Kuzey. "Determinants of climate change disclosures in the Turkish banking industry." International Journal of Bank Marketing 37, no. 3 (2019): 901–26. http://dx.doi.org/10.1108/ijbm-08-2018-0206.

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PurposeThe purpose of this paper is to investigate the extent of voluntary climate change disclosures in the Turkish banking industry and explore the factors explaining the extent of such disclosures.Design/methodology/approachThe research sample is based upon 24 banks that had been continuously operating in Turkey over the seven-year period from 2010 to 2016. The study uses a disclosure index to investigate the extent of voluntary climate change-related disclosures made in their annual and sustainability reports by banks. The study also investigates factors impacting the extent of disclosures by using multiple regression and fractional regression analysis.FindingsThe findings of the research reveal that while the number of banks providing voluntary information on their climate change-related practices substantially increased from 2010 to 2016, there remains a significant number of banks that have not incorporated climate change-related issues into their lending policies or corporate strategies. Further, with regard to the regression analysis, the study documents the significant and positive impacts of bank size, profitability, bank age and listing status upon the extent of the climate change disclosures, in line with political cost and legitimacy theory.Practical implicationsThe banking sector crucially impacts climate change indirectly, since banks provide financial backing to companies operating in environmentally sensitive industries. This paper presents empirical evidence of the factors impacting the extent of climate change disclosures by these banks, which might then be referred to by regulatory bodies when developing policies to promote environmentally responsible business practices within the banking industry.Social implicationsSeveral parties, which include governments, companies, financial institutions and non-governmental organizations (NGOs) must work together to fight climate change. In this sense, the NGOs and green activists have a crucial role in raising public awareness about climate change, which might then inspire financial institutions to incorporate climate change-related issues into their policies, operations and strategies.Originality/valueThe study extends the prior literature in two ways. This study has concentrated on environmental reporting practices in the banking sector which have been investigated in very few prior studies. Since prior research has focused on developed countries, this paper adds to the current literature by examining the environmental disclosure practices of commercial banks operating in Turkey, which is a rapidly developing country.

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Gezgin, Talha, Gökhan Özer, Abdullah Kürşat Merter, and Yavuz Selim Balcıoğlu. "The Mediating Role of Corporate Governance in the Relationship between Net Profit and Equity and Voluntary Disclosure in the Context of Legitimacy Theory." Sustainability 16, no. 10 (2024): 4097. http://dx.doi.org/10.3390/su16104097.

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Amidst ongoing global economic and environmental crises, the concept of legitimacy has gained paramount importance for firms, which must not only survive but also maintain their legitimacy through comprehensive disclosures. This study investigates the mediating role of corporate governance in shaping firm performance and voluntary disclosure, emphasizing sustainability implications. Analyzing 82 firms across various sectors in Turkey from 2010 to 2020, the research reveals no direct relationship between corporate governance and equity. However, it identifies a partial mediation effect of corporate governance on the disclosure of general, strategic, and forward-looking financial information related to net profit. Critically, our findings demonstrate that corporate governance fully mediates the relationship between net profit and the disclosure of social and board information, with the magnitude of this indirect effect being complete. This underscores the fact that robust corporate governance enhances transparency in social and environmental reporting, thereby supporting firms in their efforts to align with sustainable business practices and stakeholder expectations. These results highlight the crucial role of effective governance in ensuring comprehensive disclosures that support the sustainability goals of modern enterprises.

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Kiliç, Merve, Ali Uyar, and Başak Ataman. "Preparedness of the entities for the IFRS for SMEs: an emerging country case." Journal of Accounting in Emerging Economies 6, no. 2 (2016): 156–78. http://dx.doi.org/10.1108/jaee-01-2014-0003.

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Purpose – The purpose of this paper is to determine the preparedness of the small- and medium-sized enterprises (SMEs) for the International Financial Reporting Standard (IFRS) for SMEs in Turkey; and to analyze the effect of several firm characteristics on such preparedness. Design/methodology/approach – The preparedness of the SMEs was determined via a questionnaire survey. The effect of several characteristics of the SMEs (i.e. size, age, independent auditing, internationality, and the existence of an accounting department) on their preparedness was examined by employing non-parametric tests and logistic regression. Findings – This study found that the preparedness of the SMEs for IFRS for SMEs is low in Turkey. Several firm characteristics including, size, independent auditing, and internationality have a significant impact on the preparedness of the SMEs. Research limitations/implications – This study has some implications for several parties, including national and international standard setting authorities, entities, managers, and accounting professionals. SMEs are one of the most important actors in the adoption process of the IFRS for SMEs. Their preparedness level for IFRS for SMEs will present important clues to sustain an effective and successful adoption process. The results of this study show the profile of entities which are prepared for IFRS for SMEs that will be useful for standard authorities and regulatory bodies. The findings of this study will also be useful for other emerging countries’ standard authorities because they will face similar problems in their adoption process. Originality/value – This research makes a significant contribution to the existing literature because there are only a few studies that analyze the preparedness for IFRS for SMEs, especially in emerging countries.

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Abdi, Henda, Henda Kacem, and Mohamed Ali Brahim Omri. "Determinants of Web-based disclosure in the Middle East." Journal of Financial Reporting and Accounting 16, no. 3 (2018): 464–89. http://dx.doi.org/10.1108/jfra-11-2016-0093.

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Purpose This paper aims to examine the factors influencing the extent of information disclosed on the companies’ websites in the Middle East region. Design/methodology/approach This study uses multiple regression models to examine the impact of some companies’ characteristics (company size, leverage, profitability, size of the audit firm, ownership concentration) on the extent of online disclosure. The study was conducted on 170 listed companies in seven countries (Saudi Arabia, Bahrain, the UAE, Jordan, Kuwait, Qatar and Turkey). The website content was analyzed during the period from September 2015 to December 2015. Findings The results reveal that the most important factors influencing the level of Web-based disclosure are company size, leverage and the size of the audit firm. Practical implications The results of the study will help regulators to formulate policies about Web-based disclosure as they offer insights into the characteristics of those companies which do and do not meet investors’ demands for online information. Thereby, the regulators might expect that the Middle East companies engage in the online reporting to be larger, have higher debt levels and audited by a big-four audit firm. Originality/value This study, added to the existing literature by analyzing seven countries in the Middle East region, allows having a clearer idea on the online disclosure in this region as a whole, which has not been examined before. In this paper, to assess the information’s disclosure on the website, the study has been interested in all of the information presented on the websites: financial and non-financial information.

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Chmyreva, Vera. "International presence in Ukraine in the context of the triangle "Ukraine-Turkey-Russia"." Мировая политика, no. 1 (January 2022): 35–47. http://dx.doi.org/10.25136/2409-8671.2022.1.37419.

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The subject of the study is the peculiarities of Ukraine's foreign policy development at the present stage in the context of the triangle "Ukraine-Turkey-Russia". The paper shows that Ukraine is currently a zone of growing international presence: the involvement of a wide range of participants in the region in the person of international state and non-state actors, the actual internationalization of the Ukrainian transport and logistics system and port infrastructure, strengthening state sovereignty and increasing the country's defense capability through the implementation of extensive programs of financial support from Western partners вЂ“ evidence systemic and long-term processes that directly affect the interests of the Russian Federation. The role of the Turkish factor in Ukraine is studied through the prism of Turkish-Ukrainian relations and Ukrainian Euro-Atlantic integration. The balance of Turkey's relations with Ukraine and Russia is shown. The analysis of the possibilities of Turkish mediation in de-escalation of relations between Russia-Ukraine and Russia-NATO is given. The relevance of the research topic is determined by the current tense international situation and military-political escalation in the region. The source base of the work includes normative-legislative acts, sources of normative-reporting and informational nature, journalistic sources. The scientific novelty of the article lies in the involvement of the corpus of the latest sources, the original perspective of the study and the theoretical and methodological approach. As a result of the analysis and on the basis of up-to-date factual information, the author concludes that despite Kiev's active support for the territorial integrity of Ukraine and the growth of military-technical cooperation between the countries, Turkey is not interested in the Ukrainian-Russian confrontation. Military escalation will create risks for the Turkish Republic of direct involvement in conflict relations between NATO and the Russian Federation and will deprive it of the opportunity to become an "independent center" of political influence in the region. At the same time, it is emphasized that Turkish mediation and the internationalization of the Ukrainian issue can contribute to de-escalating tensions and strengthening the foreign policy positions of the Russian Federation.

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Aslan, Ergül, Gönül Bodur, Nezihe Kızılkaya Beji, Nevzat Alkan, and Ömercan Aksoy. "Exposure to domestic violence in women living in Istanbul and Aegean regions: a Turkish sample." Ciência & Saúde Coletiva 24, no. 8 (2019): 2835–44. http://dx.doi.org/10.1590/1413-81232018248.22952017.

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Abstract Domestic violence (DV) is a serious public health problem in the world. DV against women is also a global problem without cultural, geographic, religious, social, economic or national boundaries. This descriptive cross-sectional study was carried out to determine the situations of DV in women living in Istanbul and the Aegean Region in Turkey. The study population included outpatient clinics of state hospitals both regions. A stratified sampling by age was performed and 1100 women were included into the sample. Data were collected at face-to-face interviews with Domestic Violence Against Women Determination Scale. The mean age of the women living in Istanbul was 41.81 ± 9.75 years and Aegean Region was 33.72 ± 11.38 years. The prevalence of emotional and financial violence were higher in Istanbul and the Aegean Region. The women living in Istanbul got higher scores for Domestic Violence Against Women Determination Scale. The prevalence of the women reporting to suffer from violence from their spouses was 15.4% in Istanbul and 14% in the Aegean Region. While the prevalence of the women suffering from violence was higher in Istanbul, the women in Aegean Region suffered from more severe violence. The violence prevalence was lower among the wives and the husbands with high education levels, employed women and high-income families.

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Hessayri, Manel, and Malek Saihi. "Ownership dynamics around IFRS adoption: emerging markets context." Journal of Accounting in Emerging Economies 8, no. 1 (2018): 2–28. http://dx.doi.org/10.1108/jaee-01-2016-0002.

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Purpose The purpose of this paper is to analyze the firm’s capital market benefits in a high-quality information setting. More specifically, the authors address the question of whether the commonly documented IFRS benefits are capable of influencing inducing shareholders to increase their equity investment in adopting firms. Design/methodology/approach This study is performed on publicly listed firms in three emerging countries, namely, Morocco, South Africa and Turkey. The design of the ownership database allows a panel analysis for the years 2001 through 2011. The trend approach is suitable to account for concurrent effects that are unrelated to financial reporting while controlling for time-lasting behavior of investors. Overall, a minimum of four-year periods before and after the IFRS adoption date are warranted. Findings Overall, the findings support evidence of increases in equity holdings following a firm’s IFRS adoption. More specifically, institutional investors and institutional blockholders (both domestic and foreign) invest more heavily in the stocks of the firms that have committed to IFRS. By contrast, the authors fail to report evidence for ownership by blockholders and controlling shareholders. Practical implications The current empirical work should be of value to international investors, policy makers and market authorities. As for international investors facing reduced information disadvantage and comparable financial information across worldwide markets, they will find it easier to select and invest in value-creating stocks. This study may be useful for policy makers in acquiring a clear view of advantages, challenges and relevance of IFRS adoption to emerging markets. In particular, this study contributes to an understanding of potential capital market consequences of IFRS adoption. Furthermore, market authorities should be aware of the importance of institutional framework to enhance IFRS implementation and usage. Originality/value This work contributes to the ongoing empirical research on the intended capital market benefits of IFRS. The authors provide deeper insight into shareholdings changes of a number of key investors in a context where supply and demand of information are stained with asymmetry and mostly, influenced by differences in accounting practices. A major contribution of this study is the use of a methodological approach that outperforms commonly used approaches in the way how it considers concurrent events (compared to the shift specification) and time-lasting investor behavior (compared to the difference-in-differences analysis).

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Murphy, Adrianna, Benjamin Palafox, Marjan Walli-Attaei, et al. "The household economic burden of non-communicable diseases in 18 countries." BMJ Global Health 5, no. 2 (2020): e002040. http://dx.doi.org/10.1136/bmjgh-2019-002040.

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BackgroundNon-communicable diseases (NCDs) are the leading cause of death globally. In 2014, the United Nations committed to reducing premature mortality from NCDs, including by reducing the burden of healthcare costs. Since 2014, the Prospective Urban and Rural Epidemiology (PURE) Study has been collecting health expenditure data from households with NCDs in 18 countries.MethodsUsing data from the PURE Study, we estimated risk of catastrophic health spending and impoverishment among households with at least one person with NCDs (cardiovascular disease, diabetes, kidney disease, cancer and respiratory diseases; n=17 435), with hypertension only (a leading risk factor for NCDs; n=11 831) or with neither (n=22 654) by country income group: high-income countries (Canada and Sweden), upper middle income countries (UMICs: Brazil, Chile, Malaysia, Poland, South Africa and Turkey), lower middle income countries (LMICs: the Philippines, Colombia, India, Iran and the Occupied Palestinian Territory) and low-income countries (LICs: Bangladesh, Pakistan, Zimbabwe and Tanzania) and China.ResultsThe prevalence of catastrophic spending and impoverishment is highest among households with NCDs in LMICs and China. After adjusting for covariates that might drive health expenditure, the absolute risk of catastrophic spending is higher in households with NCDs compared with no NCDs in LMICs (risk difference=1.71%; 95% CI 0.75 to 2.67), UMICs (0.82%; 95% CI 0.37 to 1.27) and China (7.52%; 95% CI 5.88 to 9.16). A similar pattern is observed in UMICs and China for impoverishment. A high proportion of those with NCDs in LICs, especially women (38.7% compared with 12.6% in men), reported not taking medication due to costs.ConclusionsOur findings show that financial protection from healthcare costs for people with NCDs is inadequate, particularly in LMICs and China. While the burden of NCD care may appear greatest in LMICs and China, the burden in LICs may be masked by care foregone due to costs. The high proportion of women reporting foregone care due to cost may in part explain gender inequality in treatment of NCDs.

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Nuhin, Muhammad Al Fansa, and Noven Suprayogi. "Pengaruh Kinerja Manajemen, Efisiensi, Kinerja Underwriting dan Likuiditas terhadap Profitabilitas Perusahaan Asuransi Syariah di Indonesia Periode 2015-2019." Jurnal Ekonomi Syariah Teori dan Terapan 9, no. 5 (2022): 628–42. http://dx.doi.org/10.20473/vol9iss20225pp628-642.

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ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruh kinerja manajemen, efisiensi, kinerja underwriting dan likuiditas terhadap profitabilitas perusahaan asuransi syariah di Indonesia periode 2015-2019 secara parsial dan simultan. Penelitian ini menggunakan metode kuantitatif dengan teknik analisis regresi data panel dan mengambil 24 sampel perusahaan asuransi jiwa maupun umum syariah di Indonesia, sumber data diambil dari laporan keuangan masing-masing perusahaan asuransi syariah dan laporan statistik keuangan OJK. secara parsial kinerja manajemen dan kinerja underwriting berpengaruh positif signifikan terhadap profitabilitas, efisiensi dan likuiditas berpengaruh negatif signifikan terhadap profitabilitas. secara simultan variabel kinerja manajemen, efisiensi, kinerja underwriting dan likuiditas yang diukur melalui rasio perubahan surplus, rasio underwriting, rasio biaya manajemen dan rasio likuiditas berpengaruh signifikan terhadap profitabilitas yang diukur dengan ROE pada perusahaan asuransi syariah di Indonesia periode 2015-2019. Perusahaan asuransi syariah diharapkan dapat mengoptimalkan struktur modal perusahaannya, lalu menjaga kondisi keuangan perusahaan dengan baik terutama dari sisi kewajiban dan biaya operasional perusahaan asuransi syariah. Perusahaan juga diharapkan mampu mengelola dana pesertanya dengan baik agar tidak mengalami defisit underwriting. Kata kunci: Kinerja Manajemen, Efisiensi, Kinerja Underwriting, Likuiditas, Profitabilitas. ABSTRACT This study aims to determine the effect of management performance, efficiency, underwriting performance and liquidity on the profitability of Islamic insurance companies in Indonesia for the 2015-2019 period partially and simultaneously. This study uses a quantitative method with panel data regression analysis techniques and takes 24 samples of sharia life and general insurance companies in Indonesia, the data sources are taken from the financial statements of each sharia insurance company and OJK financial statistics reports. partially management performance and underwriting performance have a significant positive effect on profitability, efficiency and liquidity have a significant negative effect on profitability. Simultaneously, the variables of management performance, efficiency, underwriting performance and liquidity as measured by the ratio of changes in surplus, underwriting ratio, management expense ratio and liquidity ratio have a significant effect on profitability as measured by ROE in Islamic insurance companies in Indonesia for the 2015-2019 period. Islamic insurance companies are expected to optimize the company's capital structure, then maintain the company's financial condition well, especially in terms of obligations and operational costs of sharia insurance companies. The company is also expected to be able to manage the funds of its participants well so as not to experience an underwriting deficit. Keywords: Management Performance, Efficiency, Underwriting Performance, Liquidity, Profitability. DAFTAR PUSTAKA Akotey G., J. O., & Manso, S. L. (2013). The financial performance of life insurance companies in Ghana. Journal of Risk Finance, 14(3), 286-302. https://doi.org/10.1108/JRF-11-2012-0081 Anshori, M., & Iswati, S. (2009). Metodologi penelitian kuantitatif. Surabaya: Universitas Airlangga. Azhari, R. A. (2021). Studi analisis meta pada determinan profitabilitas perusahaan asuransi syariah di Indonesia. Skripsi tidak dipublikasikan. Surabaya: Universitas Airlangga. Bakri, W. (2015). Prinsip-prinsip dasar asuransi syariah. Ijtihad: Jurnal Hukum dan Ekonomi Islam, 9(2), 195-214. http://dx.doi.org/10.21111/ijtihad.v9i2.2521 Baltagi, B. H. (2005). Econometric analysis of panel data. West Sussex: John Willey and Sons Ltd. Darmawi. (2006). Manajemen asuransi. Jakarta: Bumi Aksara. DSN MUI. (2001). Fatwa DSN MUI Nomor 21/DSN-MUI/X/2001 tentang pedoman umum asuransi syariah. Jakarta: DSN MUI. Fadrul., & Simorangkir, M. A. (2019). Pengaruh early warning system dan risk-based capital terhadap kinerja keuangan perusahaan asuransi. Bilancia: Jurnal Ilmiah Akuntansi, 3(3), 348-359. Harahap, S. S. (2001). Teori akuntansi. Jakarta: PT. Raja Grafindo Persada . Juwita, T. (2017). Analisis pengaruh premi klaim investasi dan surplus underwriting terhadap pertumbuhan laba pada industri asuransi syariah tahun 2012-2016. Skripsi tidak dipublikasikan. Salatiga: Institut Agama Islam Negeri (IAIN) Salatiga. Kaya, E. O. (2015). The effects of firm-specific factors on the profitability of non-life insurance companies in Turkey. Int. J. Financial Stud, 3(4), 510-529. https://doi.org/10.3390/ijfs3040510 Kumar, K. A. (2015). International Financial Reporting Standards (IFRS) Adoption on Financial Decisions. J Account Mark, 4(3), 1-6. https://doi.org/10.4172/2168-9601.1000141 Kuncoro, M. (2011). Metode kuantitatif. Yogyakarta: Sekolah Tinggi Ilmu Manajemen YKPN. Makhrus, A. (2017). Manajemen asuransi syariah. Yogyakarta: Litera. Mardhiyyah, A. Z. (2019). Analisis pengaruh pertumbuhan premi, hasil investasi, risiko likuiditas, tingkat kesehatan (solvabilitas) dengan nilai risk based capital dan tingkat efesiensi terhadap kinerja keuangan pada perusahaan asuransi syariah di Indonesia. Skripsi tidak dipublikasikan. Jakarta: Universitas Islam Negeri Syarif Hidayatullah Jakarta. Ngunguni, N. J., Misango, S. M., & Onsiro, M. (2020). Examining the effects of financial factors on profitability of general insurance companies in Kenya. International Journal of Finance of Accounting, 5(1), 1-18. http://dx.doi.org/10.47604/ijfa.1066 Ningrum, S. D. (2014). Analisis faktor-faktor yang mempengaruhi return on equity pada perusahaan asuransi umum. Skripsi tidak dipublikasikan. Semarang: Universitas Diponegoro. OJK. (2015). Laporan statistik perasuransian Indonesia. Jakarta: Otoritas Jasa Keuangan. OJK. (2016). Laporan statistik perasuransian Indonesia. Jakarta: Otoritas Jasa Keuangan. OJK. (2017). Laporan statistik perasuransian Indonesia. Jakarta: Otoritas Jasa Keuangan. OJK. (2018). Laporan statistik perasuransian Indonesia. Jakarta: Otoritas Jasa Keuangan. OJK. (2019). Laporan statistik perasuransian Indonesia. Jakarta: Otoritas Jasa Keuangan. OJK. (2019). Laporan perkembangan keuangan syariah di Indonesia. Jakarta: Otoritas Jasa Keuangan. Puspitasari, N. (2012). Model proporsi tabarru dan ujrah pada bisnis asuransi umum syariah di indonesia. Jurnal Akuntansi dan Keuangan Indonesia, 9(1), 43-55. http://dx.doi.org/10.21002/jaki.2012.03 Ramadhan, Y. (2019). Pengaruh ujrah diterima, beban klaim dan total investasi terhadap laba asuransi jiwa syariah di Indonesia periode 2008-2017. Skripsi tidak dipublikasikan. Surabaya: Universitas Airlangga. Safitri, K. E., & Suprayogi, N. (2017). Analisis kesehatan keuangan dana tabarru yang mempengaruhi profitabilitas pada asuransi syariah di Indonesia. Jurnal Ekonomi Syariah Teori dan Terapan, 4(1), 73-88. https://doi.org/10.20473/vol4iss20171pp73-88 Salsabila, F. H. (2020). Pengaruh rasio-rasio early warning system terhadap profitabilitas perusahaan asuransi jiwa syariah periode 2014-2018. Skripsi tidak dipublikasikan. Surabaya: Universitas Airlangga. Satria, S. (1994). Pengukuran kinerja keuangan perusahaan asuransi kerugian di Indonesia dengan analisis rasio keuangan early warning system. Jakarta : Lembaga penerbit FE-UI. Silalahi, D., Sitepu, R., & Tarigan, G. (2014). Analisis ketahanan pangan dengan model regresi data panel. Saintia Matematika, 2(3), 237-251. Utami, I. G. A. M. P., & Werastuti, D. N. S. (2020). Pengaruh mekanisme corporate governance, early warning system, risk based capital dan hasil investasi terhadap kinerja keuangan. Jurnal Ilmiah Mahasiswa Akuntansi Undiksha, 11(2). 54-64. https://doi.org/10.23887/jimat.v11i2.25922 Wibisono. (2005). Metode statistika. Yogyakarta: Gajah Mada University Press. Widarjono, A. (2013). Ekonometrika: Pengantar dan aplikasinya. Jakarta: Eknosia. Widyarochma, F. (2018). Pengaruh likuiditas pertumbuhan premi dan hasil investasi terhadap profitabilitas perusahaan asuransi syariah di Indonesia Periode 2012-2016. Skripsi tidak dipublikasikan. Surabaya: Universitas Airlangga. Yuliana, Y. (2008). Kinerja keuangan PT. Panin Insurance Tbk. dengan metode MDA. Ilmiah Manajemen Bisnis, 8(1), 75-88. Yuniarti, T. (2020). Pengaruh underwriting dan dana tabarru terhadap laba perusahaan asuransi syariah di Indonesia. Skripsi tidak dipublikasikan. Lampung: Universitas Islam Negeri Raden Intan Lampung.

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Su, Lijin. "Exploring the Potential of Turnkey Asset Management Platforms in Transforming China’s Wealth Management Landscape: A Comparative Analysis with the United States." Highlights in Business, Economics and Management 21 (December 12, 2023): 323–32. http://dx.doi.org/10.54097/hbem.v21i.14419.

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Research background: China's wealth management landscape is evolving rapidly, driven by increased individual wealth accumulation and a shift towards comprehensive financial advisory services that emphasize personalized solutions and risk management. Research topic and method: This study examines the applicability of Turnkey Asset Management Platforms (TAMPs) in China by comparing their development and impact in the United States. Employing a comparative approach, the research combines literature review, case studies of notable TAMPs, and regulatory analysis to assess the feasibility and potential benefits of TAMP integration in the Chinese market. Research result: The analysis of TAMPs in the US highlights their role in reshaping wealth management by offering end-to-end services, from investment proposal generation to portfolio construction and reporting. TAMPs have proven effective in enhancing financial advisors' efficiency and client engagement. The study identifies key factors indicating TAMP relevance in China, including their potential to bridge advisor-client gaps, enhance investment decision-making, and provide scalable solutions. Research conclusion: This study suggests that TAMPs hold transformative potential for China's wealth management industry, addressing current advisor challenges and catering to diverse investor needs. However, successful implementation would necessitate adapting TAMP models to China's unique regulatory and market conditions. The research underscores the importance of considering TAMPs as a tool for enhancing efficiency, effectiveness, and client-centricity in China's evolving financial landscape.

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Coutts, Andrew. "Review of Women as Entrepreneurs by S. Carter & T. Cannon; Foundations of Accounting by R. J. Chambers; Local Authority Financial Reporting by W. Collins, D. Keenan & I. Lapsley; Stock Market Behaviour' by J.-M. Elkouby; Activity-based Costing for Small and Mid-Sized Businesses by D. T. Hicks; The Audit Expectations Gap by C. Humphrey, P. Moizer & S. Turley; Investment and Financing Decisions and the Performance of Small Firms by K. Keasey & R. Watson; Report on Local Management in Schools by J. Murphy; Beyond Numeracy by J. A. Paulos and Taxation by M. Wilkinson." British Accounting Review 25, no. 1 (1993): 87–100. http://dx.doi.org/10.1006/bare.1993.1007.

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Journal articles on the topic 'Turkey Financial Reporting'

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