title   
  

The impact of IFRS adoption and corporate governance principles on transparency and disclosure: the case of Borsa Istanbul

Aksu, Mine Hatice and Espahbodi, Hassan (2015) The impact of IFRS adoption and corporate governance principles on transparency and disclosure: the case of Borsa Istanbul. Emerging Markets Finance and Trade . ISSN 1540-496X (Print) 1558-0938 (Online) Published Online First http://dx.doi.org/10.1080/1540496X.2014.998570

WarningThere is a more recent version of this item available.

[img]MS Word (This is a RoMEO white journal) - Registered users only
448Kb

Official URL: http://dx.doi.org/10.1080/1540496X.2014.998570

Abstract

This article investigates whether mandatory and voluntary regulation and best governance practices enhance disclosure quality in an emerging market where code law tradition, dominant family ownership, and lax rules and implementation make it less likely for disclosure quality effects to be observed. We show that the Transparency & Disclosure (T&D) scores have improved for a sample of Borsa Istanbul (BIST) firms, and the firms that voluntarily adopted IFRS during 2003 and 2004 have significantly higher scores. However, in 2005, the year IFRS became mandatory, the T&D scores for mandatory and voluntary adopters were no longer significantly different. Multivariate analysis shows that the Corporate Governance (CG) principles and voluntary and mandatory adoptions of IFRS have all had significant positive effects on various T&D scores of the sample firms.

Item Type:Article
Additional Information:This paper is now accepted by Emerging Markets Finance and Trade (an SSCI journal) and presented at the European Accounting Association (EAA) annual conference in Paris in May 2013 and in the Eurasia Economics and Business Society (EBES) annual conference in Istanbul, in June
Uncontrolled Keywords:corporate governance; transparency/disclosure index; IFRS; CG principles; voluntary adoption; mandatory adoption
Subjects:H Social Sciences > HG Finance > HG4001-4285 Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > HG1706-1708 Accounting. Bookkeeping
ID Code:28401
Deposited By:Mine Hatice Aksu
Deposited On:22 Dec 2015 20:25
Last Modified:02 Nov 2016 12:17

Repository Staff Only: item control page