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Journals / Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi / 2024 / Cilt: 25 Sayı: 2

EXAMINING THE RELATIONSHIP BETWEEN FINANCIAL STATEMENT COMPARABILITY WITH FINANCIAL DISTRESS: EVIDENCE FROM BORSA ISTANBUL

FİNANSAL TABLO KARŞILAŞTIRILABİLİRLİĞİ İLE FİNANSAL BAŞARISIZLIK İLİŞKİSİNİN İNCELENMESİ BORSA İSTANBUL ÖRNEĞİ

Serkan Terzi(Çankırı Karatekin Üniversitesi)0000-0003-0151-8082
Pages
40–51
Publication Date
2024-12-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In addition, a significant and negative correlation was detected between financial distress and the variables of pre-tax asset profitability and net working capital to total assets ratio.

📌 3 Key Takeaways

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Objective & Hypothesis:The aim of the study is to examine the relationship between financial statement comparability and financial distress.
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Key Findings & Data:For this purpose, financial data of 105 companies traded on Borsa Istanbul between 2014-2022 were obtained.
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Conclusion & Impact:In addition, a significant and negative correlation was detected between financial distress and the variables of pre-tax asset profitability and net working capital to total assets ratio.
🔬Design:Modeling & Simulation
📍Scope:2014-2022 Verileri
⚙️Variables:Finansal Tablo · Karşılaştırılabilirlik · Finansal Başarısızlık

Abstract

The aim of the study is to examine the relationship between financial statement comparability and financial distress. For this purpose, financial data of 105 companies traded on Borsa Istanbul between 2014-2022 were obtained. The data of the companies included in the study were obtained using the Public Disclosure Platform and Thomson Refinitiv Datastream program. Unit root and multicollinearity tests were performed for the variables included in the study. The variables included in the analysis do not contain unit roots and there is no multicollinearity between them. Panel logit regression models were generated to test the research problem. According to the findings, a significant and positive relationship was detected between the financial statement comparability and financial distress in only one model. No significant relationship was detected in the other three models. In addition, a significant and negative relationship was detected between financial distress and the variables of pre-tax asset profitability ratio and net working capital to total assets ratio. In addition, a significant and negative correlation was detected between financial distress and the variables of pre-tax asset profitability and net working capital to total assets ratio.

Özet

Çalışmanın amacı, finansal tablo karşılaştırılabilirliği ile finansal başarısızlık arasındaki ilişkinin incelenmesidir. Bunun için 2014-2022 yılları arasında Borsa İstanbul’da işlem gören 105 şirkete ait finansal veriler temin edilmiştir. Çalışmaya dahil edilen şirketlerin verileri, Kamuyu Aydınlatma Platformu ile Thomson Refinitiv Datastream programı kullanılarak temin edilmiştir. Çalışmaya dahil edilen değişkenler için birim kök ve çoklu bağlantı testleri yapılmıştır. Analize dahil edilen değişkenler birim kök içermemekte ve aralarında çoklu bağlantı bulunmamaktadır. Araştırma sorununu test etmek amacıyla panel logit regresyon modelleri oluşturulmuştur. Elde edilen bulgulara göre sadece bir modelde finansal tablo karşılaştırılabilirliği ile finansal başarısızlık arasında pozitif yönlü anlamlı ilişki tespit edilmiştir. Diğer üç modelde ise anlamlı ilişki tespit edilmemiştir. Bunların yanında finansal başarısızlık ile vergi öncesi aktif kârlılık oranı, net çalışma sermayesinin toplam varlığa oranı değişkenleri arasında negatif yönlü anlamlı ilişki tespit edilmiştir. Ayrıca finansal başarısızlık ile aktif kârlılık oranı, net çalışma sermayesinin toplam varlığa oranı değişkenleri arasında anlamlı ve negatif yönlü korelasyon tespit edilmiştir.

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Cite This Article

Terzi, S. (2024). EXAMINING THE RELATIONSHIP BETWEEN FINANCIAL STATEMENT COMPARABILITY WITH FINANCIAL DISTRESS: EVIDENCE FROM BORSA ISTANBUL. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, Cilt: 25 Sayı: 2, 40–51. https://doi.org/10.24889/ifede.1467119

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