IAS/IFRS and Information Asymmetry
The Impact Of Adoption Of IAS/IFRS on Information Asymmetry in Istanbul Stock Exchange
(Sprache: Englisch)
This work investigated whether the mandatory adoption of IFRSs (International Financial Reporting Standards) had a positive impact on information asymmetry in ISE (Istanbul Stock Exchange). Using the bid-ask spread, trading volume and price volatility...
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This work investigated whether the mandatory adoption of IFRSs (International Financial Reporting Standards) had a positive impact on information asymmetry in ISE (Istanbul Stock Exchange). Using the bid-ask spread, trading volume and price volatility models, at first, the effects are investigated by descriptive analysis then the analysis continued using the OLS regression and the two-stage least squares regression method. Both the findings of regression analyses confirmed significant reductions in bid-ask spread subsequent to the adoption of the new accounting standards. The purpose of this study is to extend the spread decomposition literature into the order-driven environment. The dissertation, first research in Turkey to examine the impact of the mandatory adoption of IFRSs on information asymmetry in ISE, contributes to the literature by providing evidence on the economic link between increased accounting disclosure and information asymmetry in an emerging market. It also demonstrates that the accounting regulations permanently reduce long-run information asymmetry risk in capital markets.
Autoren-Porträt von Banu Dincer
DINCER, BANUBanu DINCER, Ph.D.in Accounting-Finance from Marmara University. Masters Degrees from Marmara University Accounting-Finance program as well as Paris-IX Dauphine DEA 124. Research assistant at Galatasaray University,Business Administration Department.Her interest areas include management accounting, cost accounting, accounting disclosure.
Bibliographische Angaben
- Autor: Banu Dincer
- 2011, 136 Seiten, Maße: 22 cm, Kartoniert (TB), Englisch
- Verlag: LAP Lambert Academic Publishing
- ISBN-10: 3844303898
- ISBN-13: 9783844303896
Sprache:
Englisch
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