Browsing by Author "Mugan, Can Simga"

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Citation - WoS: 6
Citation - Scopus: 6
The Auditor's Opinion Modifications Around Domestic and Global Financial Crises
(Emerald Group Publishing Ltd, 2018-10-31) Sultanoglu, Banu; Mugan, Can Simga; Sekerdag, Umut; Oran, Adil
Purpose The purpose of this study is to investigate the effect of company characteristics such as the level of financial distress, client size and type of auditor on the propensity to issue modified audit opinions and to assess comparative differences in audit opinions during two significant economic crises in Turkey. Design/methodology/approach Logistic regression model is used to test the incremental contribution of each company characteristic on issuing the type of audit opinion for crisis periods. Additionally, to understand the reasons for differences in audit opinions between two types of crisis periods, the authors adopt Francis and Krishnan's (2002) approach in which an auditor's propensity to issue modified opinion may be jointly based on changes in client characteristics and auditor reporting strategies in that period. Findings The results indicate that there is a positive relationship between financial distress and the likelihood of receiving modified opinions in both crisis periods. Additionally, client size affects audit opinions negatively in both periods significantly. Auditors show higher propensity to issue a modified opinion during the domestic than the global financial crisis period, which could be explained by the changes in client characteristics more than their reporting strategy. Practical implications This study provides supportive evidence that the company characteristics including the financial distress can be very useful predictors for the auditors' decisions while issuing their opinions. Originality/value The findings of different auditor behaviors during crises periods and possible reasons are the main contributions of this study for international and domestic regulators, investors, audit firms, academics and standard setters in emerging economies.
Ownership Concentration Effect on Firm Performance in Turkey*
(2015) Akışık, Orhan; Hoşal, Nazlı Akman; Mugan, Can Simga; Simga, Can Mugan
Ortaklık yapısının şirket performansı üzerindeki etkisine ilişkin çeşitli alanlarda araştırmalar yapılmıştır. Bu araştırmada aile ve yabancı ortaklık paylarının şirket performansı üzerindeki etkileri, 2005-2009 yılları arasında İstanbul Menkul Kıymetler Borsasında işlem gören şirketler için incelenmiştir. Araştırma döneminde piyasa performansı ile aile ve yabancı ortaklık payı arasında pozitif ilişki saptanmıştır. Ayrıca sonuçlar, ekonomik kriz dönemi olan 2008-2009 yıllarında yabancı ortaklık yoğunlaşmasının piyasa performansı üzerindeki etkisinin azaldığını da göstermektedir ki bu da krizin küresel nitelikte olmasına bağlanabilir. Araştırmanın dikkate değer bir başka sonucu ise, aile ve yabancı ortaklık yoğunlaşması etkilerinin, performans muhasebe verileri kullanılarak ölçüldüğünde azalması ve hatta etkilerin ortadan kalkmasıdır.