Browsing by Author "Simga-Mugan, Can"

Now showing 1 - 6 of 6

Citation - WoS: 32
Citation - Scopus: 40
An Analysis of Ifrs and Sme-Ifrs Adoption Determinants: a Worldwide Study
(Routledge Journals, Taylor & Francis Ltd, 2019) Zahid, R. M. Ammar; Simga-Mugan, Can
This study analyses the determinants of IFRS adoption decision from three dimensions. Logistic regression (Binary and Ordinal) models were applied to a dataset of 145 countries for the period 1995 to 2015. The main findings are that countries with higher regulatory efficiency and lower market openness are more likely to adopt IFRS earlier, and vice versa. However, regulatory efficiency and market openness have no significant impact on the extent of IFRS adoption. While, countries with lower regulatory efficiency, market openness and economic growth are more likely to adopt SME-IFRS. SME-IFRS adoption is higher in common law origin countries compared to code law countries.
Citation - WoS: 11
Citation - Scopus: 10
Bankruptcy Prediction Models' Generalizability: Evidence From Emerging Market Economies
(Elsevier Science Bv, 2018) Oz, Ibrahim Onur; Simga-Mugan, Can
[Abstract Not Available]
Citation - WoS: 1
Cultural Influence on Accounting Practices in Romania: Empirical Test of Gray's Hypotheses
(Editura Ase, 2017) Zahid, R. M. Ammar; Taran, Alina; Simga-Mugan, Can
The efforts of convergence and reform of worldwide accounting diminished diversity of standards and practices, but the influence of environmental factors causing diversity still persists. The aim of this paper is to study the relationship between national culture and current financial reporting practices of Romanian listed companies, by testing Gray's hypotheses (1988), using confirmatory factor analysis and structural equation modelling. Through an originally revised set of proxies for measuring cultural and accounting dimensions, this study reveals that cultural dimensions change over time, and the accounting practices as well. It also proves that only seven out of the thirteen relationships defined by Gray have significant values for Romanian culture of the last twenty years, three of them confirming Gray's theory and four contradicting it. This research helps to a better understanding of current accounting practices in Romania and provides support for drafting expectations regarding the influence of culture on accounting practices and changes in Romanian accounting system in the future.
Exploratory Study of Geographic Segment Reporting Practices of Multinationals Operating in Cee
(Editura Ase, 2017) Taran, Alina; Simga-Mugan, Can; Mironiuc, Marilena
It is generally considered that countries are competing for attracting investments of multinational corporations (MNC) due to their expected positive effects on the local business environment. But how transparent are MNC in reporting financial information regarding the various countries where they operate? By compiling an original dataset of MNC subsidiaries from Central and Eastern Europe (CEE), this study aimed to determine if MNC report individual country segments for their foreign operations and to identify the factors that influence their segmentation practices. Descriptive statistics and binary logistic regression analyses were conducted in order to assess geographic segment reporting practices of MNC during 2011-2015 period. It was found that decision of country segment reporting is most likely influenced by a sum of company-related and country-related factors, such as size of operations, overall segmentation policy of reporting entity, market valuation of MNC, and risk ratings of operating countries. This innovative approach of studying subsidiary - parent company relationship reveals a tendency of secrecy in geographic reporting practices of MNC and indicates that more geographic segment requirements may increase the level of disclosure. Useful in decisions about the future of country-by-country reporting, this study highlights the attitude of MNC towards country level disclosure.
Citation - WoS: 37
Citation - Scopus: 49
Industry Specific Financial Distress Modeling
(Sage Publications Inc, 2017) Sayari, Naz; Simga-Mugan, Can
This study investigates uncertainty levels of various industries and tries to determine financial ratios having the greatest information content in determining the set of industry characteristics. It then uses these ratios to develop industry specific financial distress models. First, we employ factor analysis to determine the set of ratios that are most informative in specified industries. Second, we use a method based on the concept of entropy to measure the level of uncertainty in industries and also to single out the ratios that best reflect the uncertainty levels in specific industries. Finally, we conduct a logistic regression analysis and derive industry specific financial distress models which can be used to judge the predictive ability of selected financial ratios for each industry. The results show that financial ratios do indeed echo industry characteristics and that information content of specific ratios varies among different industries. Our findings show diverging impact of industry characteristics on companies; and thus the necessity of constructing industry specific financial distress models. (C) 2016 ACEDE. Published by Elsevier Espana, S.L.U.
Ownership and Corporate Performance in European Frontier Markets
(Editura Ase, 2018) Zahid, R. M. Ammar; Taran, Alina; Simga-Mugan, Can
This study investigates the influence of ownership on financial performance of listed companies from the European frontier markets, considering three dimensions: concentration of strategic shareholders, diversity, and ownership structure (strategic foreign, local, state, and free float). The results of panel regression estimations indicate that ownership concentration and local shareholders have a positive effect on market performance, as measured by Tobin's Q, whereas ownership diversity has a negative effect. No significant evidence was found regarding the influence of ownership on financial performance measured on accounting basis, as return-on-assets (ROA). These findings reveal characteristics of corporate ownership in the European frontier markets.