Journal of Yaşar University

Yazarlar: Israfil ZOR, Rifat KARAKUS

Konular:-

DOI:10.19168/jyu.23847

Anahtar Kelimeler:IFRS,Stock Returns,Panel Data Analysis

Özet: The worldwide use of International Financial Reporting Standards which is posed by economic globalization as a need led to comparisons between these standards and domestic accounting standards which were used before IFRS. This study aims to compare the relationship between stock returns and financial ratios that are calculated according to IFRS or domestic accounting standards. For this purpose, data of 141 companies between 1999/9 and 2003/6 terms according to domestic accounting standards and data of 182 companies between 2005/9 and 2011/6 term according to IFRS are used and panel data analysis is performed by these data. Results of the analysis reveal that although there is a statistically significant relationship between stock returns and financial ratios calculated according to domestic accounting standards, there is no relationship according to IFRS.

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