The relationship between accounting quality and ownership structure: A research on the manufacturing sector in Borsa Istanbul

The quality of accounting information ensures that information users are informed correctly and their decisions are accurate. According to the literatüre; the quality of accounting is affected by differences in accounting practices, factors specific to businesses and countries. The purpose of this study; To examine the relationship between the factor of ownership structure and accounting quality, which is one of the factors specific to businesses, by considering more than one dimension of accounting quality. Ownership structure indicates who provided the working capital and the size of their capital shares. In studies related to accounting quality, generally; Accounting quality dimensions have been the subject of study, or studies conducted in the context of their relationship with ownership structure have not encountered any study conducted considering the multiple dimensions of accounting quality. In order to test the relationship between accounting quality and ownership structure, which is the focus of the study, 2009-2018 was taken as the time interval for the manufacturing sector companies in Borsa Istanbul and panel data analysis method was applied. Accounting quality; value relevance, profit flattening were evaluated in the context of profit management criteria. For the value interest variable, the degree of reflection of the accounting figures on the stocks, the deviation of the changes in the net profit for the profit flattening variable, and the size of the optional accruals for the profit management variable were used as dependent variables. Ownership structure variables, which are independent variables, are institutional, foreign, scattered, and family ownership types. As a result of the analyzes, a statistically significant relationship was determined with foreign, messy and family ownership for the value interest criterion. A statistically significant relationship was found with family ownership in the profit flattening measure. In the profit management criterion, a statistically significant relationship was found with family ownership. Working; In addition to being an original study by examining the effects of ownership structure on accounting quality in multiple dimensions; it is thought that it will provide perspective to business management, investors, analysts on establishing a good management model, going public and investment.