Özet:

In the current business climate, intangible assets play a vital role in business success. IAS 38 Intangible Assets was published to enhance the usefulness of financial information about intangible assets from an investor perspective. This paper analyzes intangible assets’ value relevance in the pre and post International Financial Reporting Standards (IFRS) periods in Turkey by using a sample that includes 108 firms over the period 2000 to 2016. The results of panel data analysis show that the amount of intangible assets is significantly associated with the stock price. The results also indicate that value relevance of intangible assets of Turkish manufacturing firms is significantly higher under IFRS than Turkish GAAP. This study aims to fill a gap by specifically analyzing the value relevance of intangible assets reported by Turkish listed firms over the pre and post IFRS period, since the most of previous research studies focus on either one of the two periods.

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