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Journals / Maliye Dergisi / 2021 / Sayı: 180

The Effect of Deferred Tax Assets on Bank Value: A Research on BIST Bank Index

Ertelenmiş Vergi Varlıklarının Banka Değeri Üzerindeki Etkisi: BİST Banka Endeksi Üzerine Bir Araştırma

Utku ŞENDURUR
Bekir GEREKAN
Pages
310–325
DOI
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AI Summary & Key Takeaways

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

In this context, as a result of the panel regression analysis performed according to the method of Driscoll and Kraay, it has been determined that deferred tax assets have a statistically significant positive effect on the bank value in both models.

📌 3 Key Takeaways

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Objective & Hypothesis:In the study, the effect of the deferred tax asset arising from the implementations between the accounting system and tax legislation on the bank value of the firms registered in the BIST Bank Index has been examined within the scope of the period 2009:Q1-2019:Q4.
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Key Findings & Data:For this purpose, in this study, the effect of deferred tax asset on bank value is investigated by using two different models.
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Conclusion & Impact:In this context, as a result of the panel regression analysis performed according to the method of Driscoll and Kraay, it has been determined that deferred tax assets have a statistically significant positive effect on the bank value in both models.
🔬Design:Modeling & Simulation
📍Scope:2009 Verileri
⚙️Variables:Domain Parameters

Abstract

In the study, the effect of the deferred tax asset arising from the implementations between the accounting system and tax legislation on the bank value of the firms registered in the BIST Bank Index has been examined within the scope of the period 2009:Q1-2019:Q4. For this purpose, in this study, the effect of deferred tax asset on bank value is investigated by using two different models. These are the market value model, which measures the market value of banks by proportioning the market value of banks' stocks to their book value, and the Ohlson model, which takes into account the ratio of the stock price to the number of stocks. In this context, as a result of the panel regression analysis performed according to the method of Driscoll and Kraay, it has been determined that deferred tax assets have a statistically significant positive effect on the bank value in both models.

Özet

Bu çalışmada, muhasebe sistemi ile vergi mevzuatı arasındakiuygulamalardan kaynaklı oluşan ertelenmiş vergi varlığının BİST BankaEndeksine kayıtlı işletmelerin banka değeri üzerindeki etkisi 2009:Q1-2019:Q4 dönemi kapsamında incelenmiştir. Bu amaç doğrultusunda,çalışmada iki farklı model kullanılmıştır. Bunlar, bankaların hissesenetlerinin piyasa değerinin defter değerine oranlanması yoluylabankaların piyasa değerini ölçen piyasa değeri modeli ve hisse senedifiyatının hisse senedi sayısına oranını dikkate alan Ohlson modelidir. Bubağlamda, Driscoll ve Kraay yöntemine göre gerçekleştirilen panelregresyon analizi sonucunda her iki modelde de ertelenmiş vergi varlığınınbanka değeri üzerinde pozitif yönde istatistiksel açıdan anlamlı etkisininolduğu tespit edilmiştir.

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Cite This Article

ŞENDURUR, U., GEREKAN, B. (2021). The Effect of Deferred Tax Assets on Bank Value: A Research on BIST Bank Index. Maliye Dergisi, Sayı: 180, 310–325. https://ajindex.com/articles/357369

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