https://www.um.edu.mt/library/oar/handle/123456789/37943 Wed, 08 Apr 2026 13:40:16 GMT 2026-04-08T13:40:16Z https://www.um.edu.mt/library/oar/handle/123456789/47037 Title: A qualitative assessment on public oversight accounting and auditing standards authority and auditor’s audit within the context of surveillance concept Authors: Gokgoz, Ahmet Abstract: Aim of the Study: It is aimed to examine the function and practises of the Public Oversight Accounting and Auditing Standards Authority within the context of surveillance concept by explaining the effects of the surveillance concept on accounting and auditing profession. Therefore; evaluating the outputs of the annual analysis of the Public Oversight Accounting and Auditing Standards Authority held on independent auditing institutions and independent auditors by the context of surveillance duty is mentioned within the aim of the study. Methodology of the Study: After explaining the concept of surveillance, substantial information relating the function and practises of the Public Oversight Accounting and Auditing Standards Authority are stated by examining the effects of the surveillance concept on accounting and auditing profession. Hence; the outputs of the analysis on independent auditing institutions and auditors held by the Public Oversight Accounting and Auditing Standards Authority in 2017 are evaluated. Findings of the Study: According to the results of the 2017 Annual Analysis Report held by the Public Oversight Accounting and Auditing Standards Authority; the major matter mostly noticed within the audit is suggested to be the detection of substantial risks besides the lack of auditing procedures applied against the mentioned risks. Importance of the Study: Any study is not detected about the results of the file analysis held by the Public Oversight Accounting and Auditing Standards Authority within the literature. So that; this study is presented as a qualitative evaluation by analyzing file analysis of the Public Oversight Accounting and Auditing Standards Authority in 2017 in the context of affecting independent auditing’s quality by pointing out the findings on matters mostly noticed in the independent auditing. Only 2017 annual report is analyzed in the study since 2018 report of the Public Oversight Accounting and Auditing Standards Authority is not published yet. Tue, 01 Oct 2019 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/47037 2019-10-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/47036 Title: A hiccup in Turkey’s prolonged credit fueled economic transition : a comparative analysis of before and after the August rout Authors: Taskinsoy, John Abstract: Purpose: The study attempts to analyze the impact of economic and non-economic factors on the Turkish economy which was plunged plunged into a currency crisis in August 2018 due in most part to sanctions and tariffs imposed by the U.S. Design and Methodology: Turkey’s economy is characterized as one with high inflation and persistent chronic deficits. The study was based on a literature review of the adverse impact of America’s weaponizing dollar and abuse of sanction power on Turkish economy. The study analyzes developments that laid the foundation for the collapse of Turkey’s a decade-long credit fueled economy. The broad analysis of Turkey’s most severe currency shock since the unprecedented 2001 economic crisis looks at various exogeneous and endogenous aspects. Findings: The study shows that Turkish economy possesses instability-inflicting imbalances such as high inflation, growing budget deficit, massive dollarization, alarming levels of external debt, and chronic current account deficit. The study concludes that the causes of Turkey’s gloomy economic situation are not all homegrown, its lackluster performance is blamed on attacks of non-economic basis. Another key finding is that Turkey is in desperate need of foreign capital flows as Turkey’s options to service its massive esternal debt through foreign barrowing have become substantially limited since the 2018 August rout. Practical Implications: In general terms, interest rates are of great importance as a monetary policy tool, but in Turkey, the relationship between the U.S. and Turkey sometimes plays a more pivotal role in determining the interest rate elevation and the consequent spike in inflation. The article offers insights to government authorities who should commit to structural and fiscal reforms to put the economy back on the right track for a faster recovery, or else let it collapse beyond repair. Originality/Value: The conclusions and findings in this study impact the perspective of the Turkish central bank with regard to policy responses under economic and financial distress that may arise from economic, non-economic, political and nonpolitical driving and contributing factors. Because of premature and late responses, Turkish citizens are a lot poorer now than they were prior to the August rout in 2018. Tue, 01 Oct 2019 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/47036 2019-10-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/47034 Title: Investment decision; information driven and preference ordering Authors: Obeng, George Abstract: Purpose: The study discussed how cost and character of information, investors’ appreciation of information and the environment synchronized to influence investors preference ordering. It gives insight to the fact that choice of portfolio in investment is not the privy of capital structure and the classical mean-variance efficient analysis theories that see the decision process to be rational. Cost of information, investor characteristics and the environment cannot be treated in isolation but work in tandem for better investment decision. Design/methodology/approach: The Information Driven Efficent Portfolio Model alongside review of the literature were used to analyse how investors bundle of portfolio in a capital structure of a firm, as the dependent variable, is influenced by risk/reward, utility satisfaction, information and its cost of the investor as independent variables. Findings: It is found that there is trade-off between preference ordering (debt and equity) and risk/reward exposure, cost of information as well as information availability of investors in investment decisions. In environments of information asymmetry with uninformed investors in majority, risk is high and preference for debt instrument is equally high. Practical implications: Preference ordering, a product of the trade-off, establishes an optional capital structure, but not as determined by management. Investors’ response to the firm’s behaviour promotes the capital structure. Developing the bond market will grow entrepreneurship. Originality/value: The study has characterized; investors and how informed; information design and cost; utility; and investment environment and how they synchronized in responding to behavior in bundling up capital structure. Tue, 01 Oct 2019 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/47034 2019-10-01T00:00:00Z https://www.um.edu.mt/library/oar/handle/123456789/47020 Title: The effect of director experience on acquisition performance Authors: Edi; Saputra, Erik Abstract: Purpose: This study was conducted to examine the impact of the director’s experience on the acquisition performance. This research also focuses on how the experience of director in making future acquisitions. The authors used. The object of this research is the company that made acquisitions in 2013-2017. Design/methodology/approach: The purposive sampling method is used to select the research sample. The descriptive statistical test, outlier test and hypothesis test is used to analyzed the data using SPSS program. Assuming cumulative abnormal return (CAR) are the performance to measure a success acquisition, and the factors that have an impact on acquisition performance are performance are taken number of prior acquisitions with positive CAR, number of prior acquisitions, average number of acquisitions, number of acquisitions with same industry, percentage number of acquisitions with positive CAR, board independent, board size, managerial ownership, firm size, free cash flow, CEO tenure and leverage as independent variable. The purposive sampling method is used to select the research sample. The descriptive statistical test, outlier test and hypothesis test is used to analyzed the data using SPSS program. Findings: The results from this study show that the number of acquisition with positive CAR can improve acquisitions performance in the future, but the number of prior acquisitions can be reduce the acquisitions performance. Practical implications: This finding will be very helpful for management as a condition in choosing a new CEO. By adding acquisition experience as one of the conditions in choosing a CEO. This will increase the level of successful acquisition of the company. Originality/value: This article present the empirical study of how CEO Experience in Acquisition can increase the success rate of acquisition in Indonesia. Tue, 01 Oct 2019 00:00:00 GMT https://www.um.edu.mt/library/oar/handle/123456789/47020 2019-10-01T00:00:00Z