Reflections of Digitalization on Accounting: The Effects of Industry 4.0 on Financial Statements and Financial Ratios

  • Melissa N. CagleEmail author
Part of the Contributions to Management Science book series (MANAGEMENT SC.)


Following the recent Industrial Revolution, Turkey has demonstrated a strong willingness to digitalize their operations and incorporate Industry 4.0 components under firms manufacturing processes. Quickly gaining the support of the Turkish government, the 4.0 movement has flourished and presented researchers with a unique opportunity to compare the pre-post implementation outcomes of the transition. Considering the current international literature on the acknowledged benefits of the Industry 4.0 movement and the inherent cost of incorporating new technology under the organization, managers are naturally expectant that their technological investments results in deserved payouts. Firms have been long motivated in evaluating the potential payback of their investments. However, previous research has faced difficulties when analyzing the relationship between productivity and information technologies. By employing use of the actualized Industry 4.0 benefits under organizations, this Chapter aims to provide an assessment of the implementation outcome of the digitalization process and provides an in-depth understanding of the financial impact of Industry 4.0.


Financial ratios Financial statement analysis Annual activity reports Industry 4.0 Digitalization benefits 


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© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Faculty of Business, Department of Business AdministrationDokuz Eylül UniversityBucaTurkey

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