Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors

Uğur BELLİKLİ, (Giresun Üniversitesi, Alucra Turan Bulutcu Meslek Yükseokulu, Yönetim ve Organizasyon Bölümü, Giresun, Türkiye)
Abdülkerim DAŞTAN (Karadeniz Teknik Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü, Trabzon, Türkiye)
Ege Akademik Bakış
1 0
Yıl: 2021 Cilt: 21 Sayı: 4 Sayfa Aralığı: 333 - 355 Metin Dili: İngilizce DOI: 10.21121/eab.1017873 İndeks Tarihi: 09-12-2022

Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors

Öz:
The aim of this study is to investigate the relevance between accounting conservatism and intellectual capital in the context of the contribution of accounting conservatism to intellectual capital. Four different measurement methods [the asymmetric timeliness of the earnings, market-to-book ratio, asymmetry of the accruals and cash flows and negative accruals] were employed in the study to measure both accounting conservatism and intellectual capital. In this study, research data based on listed companies in manufacturing industry and financial institutions of Borsa Istanbul (BIST) 100 Index in Turkey. The method of the study was the panel data analysis in which the effect of accounting conservatism on intellectual capital was examined based on the data of the predetermined this companies for 2006-2017 period. As a result of the findings, it was determined that the companies care about intellectual capital, and although there is a difference according to the measurement methods, accounting conservatism has an effect on intellectual capital, which is observed both positively that more prominent in financial institutions and negatively, and companies that have conservative accounting policies.
Anahtar Kelime: beneficial financial information intellectual capital Accounting conservatism Companies in listed BIST 100Index

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık
  • Ahmed, A. S. & Duellman, S. (2007). Accounting conservatism and board of director characteristics: An empirical analysis, Journal of Accounting and Economics, 43(2-3), 411-437.
  • Akmeşe, H. (2006). Entellektüel sermayenin firma piyasa değeri üzerine etkisi ve IMKB’de işlem gören şirketler üzerinde bir araştırma, Master Thesis, Selçuk University–Institute of Social Sciences.
  • Amir, E. & Lev, B. (1996). Value-relevance of nonfinancial infor- mation: The wireless communications industry, Journal of Accounting and Economics, 22(1-3), 3-30.
  • Ball, R. & Shivakumar, L. (2006). The role of accruals in asym- metrically timely gain and loss recognition, Journal of Accounting Research, 44, 207-242.
  • Basu, S. (1997). The conservatism principle and the asymmetric timeliness of earnings. Journal of Accounting and Econom- ics, 24(1), 3-37.
  • Bayraktaroglu, A. E., Calisir, F., Baskak, M. (2014). Kimya, pet- rol, plastik sektöründeki firmalarda 1. ve 2. ulusal pazar açısından entelektüel sermaye kullanım etkinliği ve pazar performansı ilişkisi, Eskişehir Osmangazi University, Journal of Economics and Administrative Sciences, 9(3), 25-47.
  • Bayraktaroglu, A. E., Calisir, F., Baskak, M. (2019). Intellectual capital and firm performance: an extended VAIC model, Journal of Intellectual Capital, 20 (3), 406-425.
  • Beaver, W. H. & Ryan, S. G. (2000). Biases and lags in book value and their effects on the ability of the book-to-market ratio to predict book return on equity, Journal of Accounting Research, 38(1), 127-148.
  • Bellikli, U. (2019). Muhasebe muhafazakarlığının entelektüel sermaye üzerindeki etkisi: Borsa Istanbul (BIST) 100 Endek- si’ndeki işletmelerde bir araştırma, Doctoral Dissertation, Karadeniz Technical University–Institute of Social Sciences.
  • Bontis, N. (1998). Intellectual capital: An exploratory study that develops measures and models, Management Decision, 36(2), 63-76.
  • Bontis, N. (2001). Assessing knowledge assets: A review of the models used to measure intellectual capital, Journal of Management Reviews, 3(1), 41-60.
  • Brennan, N. (2001). Reporting intellectual capital in annual reports: Evidence from Ireland, Accounting, Auditing & Accountability Journal, 14(4), 423-436.
  • Brooking, A. (1997). The management of intellectual capital, Long Range Planning, 30(3), 364-365.
  • Carroll, R. F. & Tansey, R. R. (2000). Intellectual capital in the new internet economy – Its meaning, measurement, and management for enhancing quality, Journal of Intellectual Capital, 1(4), 296-312.
  • Celik, A. E. & Percin, S. (2000). Entelektüel sermayenin işletme bazında ölçülmesi ve değerlendirilmesi, Accounting and Auditing Review, 2, 111-118.
  • Cenciarelli, V. G., Greco, G., Allegrini, M. (2018). Does intellectual capital help predict bankruptcy? Journal of Intellectual Capital, 19(2), 321-337.
  • Chandra, U., Wasley, C. E., Waymire, G. B. (2004). Income conservatism in the U.S. technology sector, Simon School Working Paper, No. FR 04-01,2-61.
  • Chen, M. C., Cheng, S. J., Hwang, Y. (2005). An empirical investi- gation of the relationship between intellectual capital and firms’ market value and financial performance, Journal of Intellectual Capital, 6(2), 159-176.
  • Chen, Y. (2019). Succession of family firms and accounting conservatism, Modern Economy, 10, 298-310.
  • Cheng, Q. (2005). What determines residual income?, The Ac- counting Review, 80(1), 85-112.
  • Chung, K. H. & Pruitt, S. W. (1994). A simple approximation of Tobin’s q, Financial Management, 23(3), 70-74.
  • Cıkrıkcı, M. & Dastan, A. (2002). Entelektüel sermayenin temel fi- nansal tablolar aracılığı ile sunulması, Bankacılar,43, 18-32.
  • Crawley, M. J. (2015), Macroeconomic consequences of accounting: The effect of accounting conservatism on macroeconomic ındicators and the money supply, The Accounting Review, 90(3), 987-1011.
  • Edvinsson, L. & Malone, M. (1997) Intellectual capital. Harper Business, New York.
  • Edvinsson, L. (1997). Developing intellectual capital at skandia, Long Range Planning, 30(3), 366-373.
  • Ercan, M. K., Öztürk, M. B., Demirgüneş, K. (2003). Değere dayalı yönetim ve entelektüel sermaye, Gazi Kitabevi, Ankara.
  • Erkus, H. (2004). Geleneksel raporlama yöntemlerinin yeni eko- nomi karşısındaki durumunun irdelenmesi ve entelektüel sermayenin raporlanması, Süleyman Demirel University Jour- nal of Economics and Administrative Sciences, 9(2), 303-324.
  • Ettredge, M. L., Huang, Y., Weining, Z. (2016). Conservative reporting and securities class action lawsuits, Accounting Horizons, 30(1), 93-118.
  • Feltham, G. A. & Ohlson, J. A. (1995). Valuation and clean surplus accounting for operating and financial activities, Contem- porary Accounting Research, 11(2), 689-731.
  • Francis, B., Hasan, I., Wu, Q. (2013). The benefits of conservative accounting to shareholders: Evidence from the financial crisis, Accounting Horizons, 27(2), 319-346.
  • Ge, R., Seybert N., Zhang, F. F. (2018). Investor sentiment and ac- counting conservatism, Accounting Horizons, 33(1), 83-102.
  • Givoly, D. & Hayn, C. (2000). The changing time-series proper- ties of earnings, cash flows and accruals: Has financial re- porting become more conservative?, Journal of Accounting and Economics, 29(3), 287-320.
  • Gokmen, M. K. (2012). Koşula bağlı ihtiyatlılık ve karın getiriye yansıması üzerine ampirik bir araştırma, 19 Mayıs University Journal of Economics and Administrative Sciences, 6, 1667- 1720.
  • Hand, J. & Lev, B. (2003). Intangible assets, values, measures and risk, Oxford University Press, New York Inc.
  • Holland, J. (2003). Intellectual capital and the capital mar- ket-organisation and competence, Accounting, Auditing & Accountability Journal, 16(1), 39-48.
  • Kamath, G. B. (2008). Intellectual capital and corporate per- formance in Indian pharmaceutical ındustry, Journal of Intellectual Capital, 9(4), 684-704.
  • Kaplan, R. S. & Norton, D. P. (1999). Balanced scorecard: Şirket stratejisini eyleme dönüştürmek, (Transl. Serra Egeli), Sistem Yayıncılık, İstanbul.
  • Kendirli, S. & Diker, F. (2016). Kâgıt ve ambalaj sanayi işletmeler- inde entelektüel sermayenin finansal performansa etkisi, Journal of Accounting and Tax Practices, 9(1), 45-58.
  • Kim, K. S. (2004). Strategic planning for value-based manage- ment, Management Decision, 42(8), 938-948.
  • Krishnan, G. V. (2007). Did earnings conservatism ıncrease for former andersen clients?, Journal of Accounting, Auditing & Finance, 22(2), 141-163.
  • LaFond, R. & Watts, R. L. (2008). The information role of conserv- atism, The Accounting Review, 82(2), 447-478.
  • Lara, J. M. G., Osma, B. G., Penalva, F. (2009). Accounting con- servatism and corporate governance, Review of Accounting Studies, 14(1), 161-201.
  • Leone, A. J., Wu, J. S., Zimmerman, J. L. (2006). Asymmetric sen- sitivity of ceo cash compensation to stock returns, Journal of Accounting and Economics, 42(1-2), 167-192.
  • Lev, B. (2001). Intangibles: management, measurement, and reporting, Washington, DC: The Brooking Institution.
  • Li, Q. & Xu, L. (2018). Asset specificity and conditional account- ing conservatism, Journal of Business Financial Accounting, 45, 839-870.
  • Martensson, M. (2000). A critical review of knowledge man- agement as a management tool, Journal of Knowledge Management, 4(3), 204-216.
  • Mashayekhi, B., Abadi, M. M., Hesarzadeh, R. (2009). Accounting conservatism, earnings persistance and earnings distri- bution, Journal of the Accounting and Auditing Review, 56, 107-214.
  • McElroy, M. W. (2002). Social innovation capital, Journal of Intel- lectual Capital, 3(1), 30-39.
  • Ozkan, N., Cakan, S., Kayacan, M. (2017). Intellectual capital and financial performance: A study of the Turkish banking sector, Borsa Istanbul Review, 17(3), 190-198.
  • Pae, J., Thornton, D. B., Welker, M. (2005). The link between earn- ings conservatism and balance sheet conservatism, Queen’s Univesity Working Paper.
  • Penman, S. H. & Zhang, X. (2002). Accounting conservatism the quality of earnings, and stock returns, The Accounting Review, 77(2), 237-264.
  • Polat, Z. G. (2016). Muhasebede ihtiyatlılık ve kurumsal yönetim: Borsa Istanbul üzerine ampirik bir uygulama, Master Thesis, Dumlupınar University–Institute of Social Sciences.
  • Pulic, A. (1998). MVA and VAIC analysis of randomly selected companies from FTSE 250, Austrian Intellectual Capital Research Center, Graz-London, 1-41.
  • Pulic, A. (2004). Intellectual capital – Does it create or destroy value?, Measuring Business Excellence, 8(1), 62-68.
  • Qiang, X. (2007). The effects of contracting, litigation, regu- lation, and tax costs on conditional and unconditional conservatism: Cross-sectional evidence at the firm level, The Accounting Review, 82(3), 325-370.
  • Rodov, I. & Leliaert, P. (2002). FIMIAM: Financial method of ıntangible assets measurement, Journal of Intellectual Capital, 3(3), 323-336.
  • Samiloglu, Famil (2002). Entelektüel sermaye, Gazi Kitabevi, Ankara.
  • Sofian, S., Rasid, S. Z. A., Mehri, M. (2011). Conservatism of intellectual capital and relevance of earnings, International Journal of Business and Social Science, 2(10), 26-30.
  • Stewart, T. A. (1997). Entelektüel sermaye kuruluşların yeni ze- nginliği, (Transl. Nurettin Elhüseyni), Kontent Kitap, BZD Yayıncılık.
  • Unal, O. (2010). Entelektüel sermayenin raporlanması ve UMS 38 maddi olmayan duran varlıklar standardı kapsamında değerlendirilmesi, Journal of Trade and Tourism Education Faculty, 2, 20-39.
  • Van den Berg, H. A. (2002). Models of intellectual capital valuation: A comparative evaluation, Knowledge Summit Doctoral Consortium, 1-33.
  • Wang, R. Z. (2009). Accounting conservatism, Doctoral Disserta- tion, Victoria University, Wellington.
  • Wang, R. Z., Hogartaigh, C. O., Zijl, T. V. (2008). Measures of accounting conservatism: A construct validity perspective, Journal of Accounting Literature, 28, 1-60.
  • Watts, R. L. & Zimmerman, J. L. (2003). Conservatism in account- ing, Accounting Horizons, 17(4) 287-301.
  • Watts, R. L. (2002). Conservatism in accounting, Simon School of Business Working Paper, Working Paper Nr.: FR 02-21, The Bradley Policy Research Center.
  • Xie, Y.(2015). Confusion over accounting conservatism: A critical review, Australian Accounting Review Nr. 73, 25(2), 204-216.
  • Yalama, A. (2005). Entelektüel sermayenin entelektüel katma değer katsayısı (VAIC) ile ölçülmesi ve veri zarflama analizi (DEA) yöntemi kullanılarak karlılığa etkisinin sınanması: İMKB’ye kote bankalarda uygulaması, Master Thesis, Anad- olu University–Institute of Social Sciences.
  • Zhang, X. J. (2000). Conservative accounting and equity valua- tion, Journal of Accounting and Economics, 29(1), 125-149.
  • Zor, I. & Cengiz, S. (2013). Entelektüel sermaye ile firma değeri arasındaki ilişki: Borsa İstanbul’da bir araştırma, Çankırı Ka- ratekin University Journal of Economics and Administrative Sciences, 3(1), 37-56.
APA BELLIKLI U, DAŞTAN A (2021). Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. , 333 - 355. 10.21121/eab.1017873
Chicago BELLIKLI UGUR,DAŞTAN Abdulkerim Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. (2021): 333 - 355. 10.21121/eab.1017873
MLA BELLIKLI UGUR,DAŞTAN Abdulkerim Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. , 2021, ss.333 - 355. 10.21121/eab.1017873
AMA BELLIKLI U,DAŞTAN A Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. . 2021; 333 - 355. 10.21121/eab.1017873
Vancouver BELLIKLI U,DAŞTAN A Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. . 2021; 333 - 355. 10.21121/eab.1017873
IEEE BELLIKLI U,DAŞTAN A "Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors." , ss.333 - 355, 2021. 10.21121/eab.1017873
ISNAD BELLIKLI, UGUR - DAŞTAN, Abdulkerim. "Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors". (2021), 333-355. https://doi.org/10.21121/eab.1017873
APA BELLIKLI U, DAŞTAN A (2021). Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. Ege Akademik Bakış, 21(4), 333 - 355. 10.21121/eab.1017873
Chicago BELLIKLI UGUR,DAŞTAN Abdulkerim Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. Ege Akademik Bakış 21, no.4 (2021): 333 - 355. 10.21121/eab.1017873
MLA BELLIKLI UGUR,DAŞTAN Abdulkerim Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. Ege Akademik Bakış, vol.21, no.4, 2021, ss.333 - 355. 10.21121/eab.1017873
AMA BELLIKLI U,DAŞTAN A Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. Ege Akademik Bakış. 2021; 21(4): 333 - 355. 10.21121/eab.1017873
Vancouver BELLIKLI U,DAŞTAN A Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors. Ege Akademik Bakış. 2021; 21(4): 333 - 355. 10.21121/eab.1017873
IEEE BELLIKLI U,DAŞTAN A "Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors." Ege Akademik Bakış, 21, ss.333 - 355, 2021. 10.21121/eab.1017873
ISNAD BELLIKLI, UGUR - DAŞTAN, Abdulkerim. "Accounting Conservatism and Intellectual Capital: Evidence From Turkey With Comparison Models and Sectors". Ege Akademik Bakış 21/4 (2021), 333-355. https://doi.org/10.21121/eab.1017873
Sayfa Oluşturulma Tarihi
24-04-2024 2:5

İLETİŞİM

TÜBİTAK ULAKBİM TR Dizin

Yüzüncüyıl, İşçi Blokları Mahallesi

Muhsin Yazıcıoğlu Caddesi No:51/C

06530 Çankaya / ANKARA +90 (312) 298 92 00

trdizin@tubitak.gov.tr

TÜBİTAK ULAKBİM Ulusal Akademik Ağ ve Bilgi Merkezi Cahit Arf Bilgi Merkezi © Tüm Hakları Saklıdır. Gizlilik Politikası Kullanım Şartları