NAKİT ESASLI MUHASEBE BİLGİLERİ İLE İFLAS RİSKİ İLİŞKİNİN İNCELENMESİ: HALKA AÇIK FİRMALAR ÜZERİNE ARAŞTIRMA

Year 2022, Volume: 24 Issue: MODAVICA Özel Sayısı, 71 - 85, 30.06.2022

Türker Açıkgöz

https://doi.org/10.31460/mbdd.1056741

Abstract

Bu araştırmada Borsa İstanbul’da pay senetleri işlem gören finans sektörü dışı firmalar üzerinde nakit esaslı muhasebe bilgilerinin iflas riskini ne derecede açıklayabildiği incelenmiştir. Araştırmada firmaların iflas riskini ölçmek için Altman Z, Springate ve Zmijewski modelleri kullanılmış olup bu modellerden elde edilen sonuçlar bağımlı değişken olarak kullanılmıştır. Bağımsız değişkenler olarak ise firmaların nakit akış bilgileri ve kontrol değişkenleri olarak firma boyutu ile yaşı kullanılmıştır. Araştırmanın sonucunda nakit esaslı muhasebe bilgilerinin firmaların iflas riski skorlarını açıklamada yetersiz sonuç verdiği görülmüştür. Bu durumun sebebinin yazında kullanılan iflas riski ölçme modellerinin tahakkuk esaslı muhasebe bilgilerini temel alması, dolayısıyla çağdaş muhasebe bakış açısıyla günümüzde anlamlılığını yitirmiş olabileceği düşünülmektedir.

Keywords

Nakit Esaslı Muhasebe Bilgileri, İflas Riski, TMS-7, Nakit akış tablosu

CASH-BASED ACCOUNTING INFORMATION IN PREDICTING BANKRUPTCY RISK: EVIDENCE FROM LISTED TURKISH FIRMS

Abstract

This paper aims to investigate the relationship between cash-based accounting information and bankruptcy risk with a sample of listed non-financial Turkish Firms. For this purpose, we used Altman Z, Springate, and Zmijewski models for estimation of bankruptcy risk. These model scores are given as dependent variables whereas cash flow information; operating, investing, financing cash flows, and cash flow patterns, and as control variables; firm size and firm age are utilized as independent variables to investigate this relationship. The empirical results showed that cash-based accounting information is unable to explain variation in bankruptcy risk of listed non-financial Turkish firms. On these results, it is thought that the reason for this situation may be that the bankruptcy risk measurement models used in the literature are based on accrual-based accounting information, so they may have lost their meaning from a contemporary accounting point of view.

Keywords

Cash-Based Accounting Information, Bankruptcy Risk, IAS-7, Statement of Cash Flows

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