Earnings Conservatism in Pre- and Post- IFRS Periods in Turkey: Panel Data Evidence on the Firm Specific Factors
Cagnur Kaytmaz Balsari
Dokuz Eylul University
Izmir University of Economics
Mustafa Gurol Durak
September 1, 2010
Journal of Accounting and Management Information Systems, Vol. 9, No. 3, pp. 403-421, 2010
In order to increase the usefulness and quality of financial reporting, there is a move to IFRS globally. Sharing similar motivations with the rest of the world, since 2005 all publicly traded companies in Turkey have been preparing their financial statements according to International Accounting/Financial Reporting Standards (IFRS) mandatory.
Considering the need for understanding the economic consequences of harmonization, we investigate the impact of IFRS adoption on the earnings conservatism as a dimension of reporting quality in Turkey.
The results of the study show that IFRS adoption has increased both the timeliness and earnings conservatism (asymmetric timeliness), the impact is stronger for financial firms, for firms having lower debt levels, and for smaller firms.
Keywords: Turkey, IFRS, Earnings Conservatism, Panel Data
JEL Classification: M41Accepted Paper Series
Date posted: November 26, 2010 ; Last revised: November 29, 2010
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo4 in 0.453 seconds