Bilgiye Erişim Merkezi ne Yeni Gelen Yayınlar

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1 2266 EEKKİ İİM PPAAZZAARRTTEESSİ İİ SSAAYYI II: : Bilgiye Erişim Merkezi ne Yeni Gelen Yayınlar Proje yönetimi kılavuzu. İstanbul: İstanbul Sanayi Odası, İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 1

2 Resmi Gazete YÜRÜTME VE İDARE BÖLÜMÜ BAKANLIKLARA VEKÂLET ETME İŞLEMİ Devlet Bakanı ve Başbakan Yardımcısı Ali BABACAN a, Ulaştırma Bakanı Binali YILDIRIM ın Vekâlet Etmesine Dair Tezkere Devlet Bakanı Cevdet YILMAZ a, Maliye Bakanı Mehmet ŞİMŞEK in Vekâlet Etmesine Dair Tezkere Kültür ve Turizm Bakanlığına, Milli Eğitim Bakanı Nimet ÇUBUKÇU nun Vekâlet Etmesine Dair Tezkere YÖNETMELİKLER Gıda ve Yem Amaçlı Genetik Yapısı Değiştirilmiş Organizmalar ve Ürünlerinin İthalatı, İşlenmesi, İhracatı, Kontrol ve Denetimine Dair Yönetmelik Türkiye Adalet Akademisi Başkan ve Başkan Yardımcıları Adaylarının Seçilme Usul ve Esaslarına Dair Yönetmelikte Değişiklik Yapılması Hakkında Yönetmelik Kamu Kurum ve Kuruluşlarına Eski Hükümlü İşçi Alınmasında Uygulanacak Usul ve Esaslar Hakkında Yönetmelikte Değişiklik Yapılmasına Dair Yönetmelik Dokuz Eylül Üniversitesi Kadın Hakları ve Sorunları Uygulama ve Araştırma Merkezi Yönetmeliği Yabancı Süreli Yayınlar The International Journal of Accounting Volume 42, Issue 4, Pages (December 2007) Cross-sectional variation in the economic consequences of international accounting harmonization: The case of mandatory IFRS adoption in the UK Pages Hans B. Christensen, Edward Lee, Martin Walker This study examines the economic consequences for UK firms of the European Union's decision to impose mandatory IFRS. We hypothesize that the impact varies across firms and is conditional on the perceived benefit. We estimate a counter-factual proxy for a UK firm's willingness to adopt IFRS from the prior GAAP choices of German firms. We show that this proxy predicts cross-sectional variations in both the short-run market reactions and the long-run changes in cost of equity that are associated with the decision. This implies that mandatory IFRS adoption does not benefit all firms in a uniform way but results in relative winners and losers. 2. Literature review 2.1. Voluntary adoption İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 2

3 2.2. Mandatory adoption 3. Hypotheses development 4. Methodology and sample 4.1. Development of the counter-factual proxy 4.2. Test of H1A 4.3. Test of H1B 4.4. Key dates 4.5. The German sample 4.6. The UK sample 5. Empirical findings 5.1. The counter-factual proxy 5.2. Market reaction 5.3. Robustness tests of market reaction IBES intersection sample Alternative control for industry effects Sensitivity to individual events Sensitivity to individual components 5.4. Long-run changes in the cost of equity 5.5. Robustness tests of long-run changes in cost of equity Controlling for industry effects Disclosures unrelated to IFRS Including a control group Non-decision making period The technology bubble 5.6. Implications 6. Summary Accounting information and the valuation of Seasoned Equity Offerings (SEOs) Pages Georgia Siougle İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 3

4 This study investigates the association between publicly available information disclosed in the SEO prospectus and offer prices of SEOs, as well as the association between this type of publicly available information and stock returns subsequent to an SEO after controlling for self-selection bias. The empirical evidence shows that disclosure of the planned uses of the SEO proceeds reveals value-relevant information which has been incorporated by the underwriters in setting the offer prices. Control for self-selection bias appears necessary to obtain unbiased estimates in the regression model explaining the determinants of offer price in SEOs. 2. The SEO process 3. Methodology 3.1. Variables predicting external financing 3.2. Variables predicting equity issue over debt 4. Sample selection 5. Empirical findings 5.1. The probit model 5.2. Determinants of the offer price 5.3. Post-issue stock returns 6. Additional robustness checks 7. Conclusions Appendix A. Appendix A productivity growth accounting approach to the ranking of developing and developed nations Pages Raymond L. Raab, Ehsan Habib Feroz Productivity growth accounting studies generally focus on productivity growth or decline in more developed countries such as the Organization of Economic Cooperation and Development (OECD) members. In this paper, we develop a generalized efficiency İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 4

5 index for a much larger set of 57 national governments (NGs), both developing and developed, by employing four components of gross national product and five resourceavailability indicators. Using a Data Envelopment Analysis (DEA) linear-programming approach, we maximize the components of Gross National Product (GNP), subject to minimizing specific resource-input measures. If used with appropriate precautions, the DEA-based comparative production-efficiency measures developed here can be used by individual NGs and international organizations like the World Bank and the International Monetary Fund to make equitable and sustainable lending-allocation decisions in the public and private sectors of the increasingly interdependent global economy. 2. The DEA National Government (NG) Model 3. The data and empirical DEA Model 4. Basic empirical results: NG efficiency rankings using the additive DEA model 5. Comparison of the results of the additive and CCR models 6. Sensitivity analyses: partitioning the frontier into high and low per capita GNP 7. Worldwide efficiency rankings and related measures 8. Summary and governance implications Appendix A. World development indicators, 1999 Quarterly reporting in a voluntary disclosure environment: Its benefits, drawbacks and determinants Pages Asheq Razaur Rahman, Teck Meng Tay, Beng Teck Ong, Shiyun Cai We primarily examine three issues pertaining to quarterly reporting; its benefits, drawbacks and determinants. This study is conducted in a voluntary-disclosure environment with respect to reporting quarterly earnings. On the benefits side, we find that quarterly reporting is associated with higher analyst following, and on the drawbacks side we find it is associated with high price volatility. If left to its own İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 5

6 discretion, we find that a firm with high growth prospects, large size and a technology orientation is likely to disclose earnings on a quarterly basis. 2. The disclosure setting and the research questions 2.1. Institutional developments in quarterly reporting in Singapore 2.2. Contemporary online-reporting setting in Singapore 3. Prior literature, hypotheses, and models 3.1. Benefits of quarterly reporting Do quarterly reporters have higher analyst following than semiannual reporters? Does quarterly reporting enhance trading in stocks? 3.2. Drawbacks of quarterly reporting Earnings manipulation Stock price volatility 3.3. Determinants of quarterly reporting (What types of firms would voluntarily adopt quarterly reporting?) 4. Sample selection, data mesurement and descriptives 4.1. Sample selection and data 4.2. Descriptives 4.3. Bivariate analysis 5. Multivariate tests and results 5.1. Benefits of quarterly reporting Do quarterly reporters have higher analyst following than semiannual reporters? 5.2. Drawbacks of quarterly reporting Earnings manipulation Stock price volatility Determinants of quarterly reporting (Why do firms voluntarily adopt the quarterly form of reporting?) 6. Conclusions Acknowledgements İİ SS MM MM MM OO BB i l gg i yy ee EE rr i şş im i MM ee rr kk ee zz i 6

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