Research Article


DOI :10.26650/JEPR880830   IUP :10.26650/JEPR880830    Full Text (PDF)

An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability

Hülya Kesici ÇalışkanAyşe Atılgan Sarıdoğan

Macroeconomic stability is important for a country’s sustainable economic growth and social welfare. There are many economic and political factors affecting macroeconomic stability at sectoral, national and international levels. In financial system, while investors lend their savings to companies, they decide according to performance indicators of companies in financial statements. However, accuracy and reliability of information in financial statements of companies depends on level of development in accounting and auditing standards on one hand, and on corporate management capacity on other. There is asymmetrical information about accuracy of financial information of firm between company managers and investors who want to invest in company. This asymmetrical information can cause investors to make wrong choices, triggering financial and economic instability. In this context, developments in accounting and auditing standards and corporate governance level play an important role in solving asymmetric information problem and maintaining macroeconomic stability. In this context, main purpose of this study is to analyse empirically effects of accounting and auditing standards and corporate governance on macroeconomic stability. According to results of study; explanatory variables, Corporate governance and Strength auditing accounting standards affect dependent variable in same direction. The improvement of Accounting and Auditing standards and Corporate Governance climate is important not only for strengthening of firms and sectors, but also for national macroeconomic stability. As a result, giving sufficient importance to development of accounting and auditing standards and corporate governance in economic policy designs will contribute to preservation and strengthening of macroeconomic stability. 

JEL Classification : E61 , G34 , M41
DOI :10.26650/JEPR880830   IUP :10.26650/JEPR880830    Full Text (PDF)

Makroekonomik İstikrar Üzerinde Muhasebe ve Denetim Standartları ve Kurumsal Yönetimin Etkileri İçin Ampirik Bir Analiz

Hülya Kesici ÇalışkanAyşe Atılgan Sarıdoğan

Makroekonomik istikrar, bir ülkenin sürdürülebilir ekonomik büyümesi ve sosyal refahı için önemlidir. Sektörel, ulusal ve uluslararası düzeyde makroekonomik istikrarı etkileyen birçok ekonomik ve politik faktör söz konusudur. Finansal sistemde, yatırımcılar, firmalara tasarruflarını borç verirken, firmaların mali tablolardaki performans göstergelerine göre karar vermektedirler. Ancak, firmaların mali tablolarındaki bilgilerin, doğruluğu ve güvenilirliği, bir yandan, muhasebe ve denetim standartlarındaki gelişme düzeyine, diğer yandan ise kurumsal yönetim kapasitesine bağlıdır. Firma yöneticileri ve firmaya yatırım yapmak isteyen yatırımcılar arasında, firmanın mali bilgilerinin doğruluğu ile ilgili olarak, asimetrik bilgi söz konusudur. Bu asimetrik bilgi, yatırımcıların yanlış seçimler yapmasına neden olarak, finansal ve ekonomik istikrarın bozulmasını tetikleyebilir. Bu bağlamda, asimetrik bilgi probleminin çözülmesi ve makroekonomik istikrarın korunmasında, muhasebe ve denetim standartları ve kurumsal yönetim düzeyindeki gelişmeler önemli rol oynamaktadır. Bu bağlamda, bu çalışmanın temel amacı, muhasebe ve denetim standartları ile kurumsal yönetimin makroekonomik istikrar üzerindeki etkilerini ampirik olarak analiz etmektir. Çalışmanın sonuçlarına göre; açıklayıcı değişkenler, Kurumsal yönetim ile muhasebe ve denetimi standartlarının gelişim düzeyi, bağımlı değişkeni aynı yönde etkilemektedir. Muhasebe ve Denetim standartlarının ve Kurumsal Yönetim ortamının iyileştirilmesi sadece firmaların ve sektörlerin güçlendirilmesi için değil, aynı zamanda ulusal makroekonomik istikrar için de önemlidir. Sonuç olarak, ekonomik politika tasarımlarında muhasebe ve denetim standartlarının ve kurumsal yönetişimin geliştirilmesine yeterince önem verilmesi, makroekonomik istikrarın korunmasına ve güçlendirilmesine katkı sağlayacaktır.

JEL Classification : E61 , G34 , M41

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APA

Kesici Çalışkan, H., & Atılgan Sarıdoğan, A. (2021). An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability. Journal of Economic Policy Researches, 8(2), 101-114. https://doi.org/10.26650/JEPR880830


AMA

Kesici Çalışkan H, Atılgan Sarıdoğan A. An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability. Journal of Economic Policy Researches. 2021;8(2):101-114. https://doi.org/10.26650/JEPR880830


ABNT

Kesici Çalışkan, H.; Atılgan Sarıdoğan, A. An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability. Journal of Economic Policy Researches, [Publisher Location], v. 8, n. 2, p. 101-114, 2021.


Chicago: Author-Date Style

Kesici Çalışkan, Hülya, and Ayşe Atılgan Sarıdoğan. 2021. “An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability.” Journal of Economic Policy Researches 8, no. 2: 101-114. https://doi.org/10.26650/JEPR880830


Chicago: Humanities Style

Kesici Çalışkan, Hülya, and Ayşe Atılgan Sarıdoğan. An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability.” Journal of Economic Policy Researches 8, no. 2 (Sep. 2021): 101-114. https://doi.org/10.26650/JEPR880830


Harvard: Australian Style

Kesici Çalışkan, H & Atılgan Sarıdoğan, A 2021, 'An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability', Journal of Economic Policy Researches, vol. 8, no. 2, pp. 101-114, viewed 25 Sep. 2021, https://doi.org/10.26650/JEPR880830


Harvard: Author-Date Style

Kesici Çalışkan, H. and Atılgan Sarıdoğan, A. (2021) ‘An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability’, Journal of Economic Policy Researches, 8(2), pp. 101-114. https://doi.org/10.26650/JEPR880830 (25 Sep. 2021).


MLA

Kesici Çalışkan, Hülya, and Ayşe Atılgan Sarıdoğan. An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability.” Journal of Economic Policy Researches, vol. 8, no. 2, 2021, pp. 101-114. [Database Container], https://doi.org/10.26650/JEPR880830


Vancouver

Kesici Çalışkan H, Atılgan Sarıdoğan A. An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability. Journal of Economic Policy Researches [Internet]. 25 Sep. 2021 [cited 25 Sep. 2021];8(2):101-114. Available from: https://doi.org/10.26650/JEPR880830 doi: 10.26650/JEPR880830


ISNAD

Kesici Çalışkan, Hülya - Atılgan Sarıdoğan, Ayşe. An Empirical Analysis for the Effects of Accounting and Auditing Standards and Corporate Governance on Macroeconomic Stability”. Journal of Economic Policy Researches 8/2 (Sep. 2021): 101-114. https://doi.org/10.26650/JEPR880830



TIMELINE


Submitted15.02.2021
Accepted15.04.2021

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