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Journals / Ege Akademik Bakış / 2018 / Cilt: 18 - Sayı: 3

Investigation Of The Relationship Between Earnings Management And Firms Investment: BIST Manufacturing Sector Case

Kâr Yönetimi ve Firma Yatırımları Arasındaki İlişkinin İncelenmesi: BIST İmalat Sektörü Örneği

Hüseyin TEMİZ
Mustafa Ömer İPÇİ
Pages
409–421
Publication Date
2022-10-12
DOI
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AI Summary & Key Takeaways

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

Besides, obtained results from different earnings management models are statistically singificant apart from DEXP model.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, the relationship between earnings management and firms’ capital expenditures is empirically investigated.
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Key Findings & Data:In this content, the study includes data of 120 companies from BIST Manifacturing Sector for 2006-2014.
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Conclusion & Impact:Besides, obtained results from different earnings management models are statistically singificant apart from DEXP model.
🔬Design:Modeling & Simulation
📍Scope:2006-2014 Verileri
⚙️Variables:Domain Parameters

Abstract

In this study, the relationship between earnings management and firms’ capital expenditures is empirically investigated. To calculate required metric values, five different earnings management models in literature (ACC, DREV, CFO, DEXP, PROD) and BHV model for firms’ investments are being used. In this content, the study includes data of 120 companies from BIST Manifacturing Sector for 2006-2014. Obtained results of the study have been explained under three main topics. First, firms with earnings increasing applications invest simultaneously more than expected. Second, firms with earnings decreasing applications invest less then expected. Third, statistically significant deviation from expected investment level differences are detected between ranked firms according to increasing/decreasing earnings management metrics. Besides, obtained results from different earnings management models are statistically singificant apart from DEXP model.

Özet

Bu çalışmada kâr yönetimi uygulamaları ve firmalarınmaddi duran varlık yatırımları arasındaki ilişkiampirik olarak incelenmiştir. Gereken metrik değerlerinhesaplanması için literatürde yer alan beş farklıkâr yönetimi modeli (ACC, DREV, CFO, DEXP, PROD)ve firma yatırımları için BHV modeli kullanılmıştır. Bukapsamda ampirik araştırma BİST İmalat Sektöründeişlem gören 120 firmanın 2006-2014 döneminikapsayan verileri kullanılarak yapılmıştır. Elde edilensonuçlar üç başlık altında incelenmiştir. Bunlardanbirincisi kâr arttırıcı kâr yönetimi uygulamalarıyapan firmalar aynı zamanda beklenenden yüksekdüzeyde yatırım yapmaktadır. İkincisi, kâr düşürücüuygulamalar yapan firmalar beklenenden daha düşükyatırım yapmaktadır. Üçüncüsü, kâr arttırıcı vedüşürücü metrik değerlere göre sıralanan firmalarınbeklenen yatırım düzeyinden sapmalarında da istatistikselolarak anlamlı farklılıklar tespit edilmiştir.Ayrıca kullanılan beş kâr yönetimi modelinden eldeedilen sonuçlar DEXP modeli haricinde istatistikselolarak anlamlıdır.

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Cite This Article

TEMİZ, H., İPÇİ, M. Ö. (2022). Investigation Of The Relationship Between Earnings Management And Firms Investment: BIST Manufacturing Sector Case. Ege Akademik Bakış, Cilt: 18 - Sayı: 3, 409–421. https://ajindex.com/articles/495166

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