Original scientific paper
https://doi.org/10.1080/1331677X.2016.1163949
Compliance with IAS/IFRS and firm characteristics: evidence from the emerging capital market of Turkey
Ali Uyar
Merve Kılıç
Başak Ataman Gökçen
Abstract
The purpose of this study is to investigate the compliance level of
Turkish firms with international accounting standards (IAS) and
international financial reporting standards (IFRS), and to examine
the factors that impact adoption level of firms to IAS/IFRS. This study
is based on a comprehensive questionnaire survey about IAS/IFRS
implementation of largest Turkish industrial firms, namely ICI 500.
The findings and implications are important as these companies are
expected to be the leading adopters of IAS/IFRS. Firstly, we determined that firms do not implement all IAS/IFRS (international accounting standards/international financial reporting standards) equally; some are used more, some less. As a second stage in the study, we tried to determine what firm characteristics impact compliance with IAS/IFRS. We found that listing status, training staff, foreign ownership, and firm size are significant determinants of IAS/IFRS compliance, whereas leverage and profitability are not.
Keywords
International accounting standards (IAS); international financial reporting standards (IFRS); compliance; Turkey
Hrčak ID:
171717
URI
Publication date:
22.12.2016.
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