MADDİ OLMAYAN DURAN VARLIKLAR VE KAZANÇLAR: BORSA İSTANBUL ÖRNEĞİ

Year 2022, Volume: 24 Issue: 4, 959 - 976, 31.12.2022

Kemal Taysı , Batuhan Güvemli

https://doi.org/10.31460/mbdd.994048

Abstract

Bu çalışma, 1998'den 2017'ye uzanan yirmi yıllık bir dönemde Borsa İstanbul'da işlem gören şirketlerin kazançları ile maddi olmayan duran varlıkları arasındaki ampirik ilişkiyi test etmektedir. Bu dönem, Türkiye'nin UFRS'ye geçişi ve küresel finansal krizler de dahil olmak üzere bir dizi önemli olayla ilgilidir. Dinamik panel veri sonuçları, maddi olmayan duran varlıkların kazançlar üzerindeki etkisinin 2008 mali krizi ve sonrasındaki iki dönemde istatistiksel olarak anlamlı ve pozitif olduğunu ortaya koymaktadır. Buna ek olarak, araştırma bulguları 2005 yılında UFRS'nin benimsenmesi sırasında maddi olmayan duran varlıkların kazançlar üzerinde önemli olumsuz etkileri olduğunu göstermektedir. Çalışma, gelişmekte olan bir pazar içerisinde maddi olmayan duran varlıkların kazançlar üzerindeki rolünü araştırarak literatüre katkı sağlamayı amaçlamaktadır.

Keywords

Maddi olmayan duran varlıklar, kazançlar, dinamik panel veri, gelişmekte olan piyasalar, Türkiye, muhasebe standartları.

INTANGIBLE ASSETS AND EARNINGS: EVIDENCE FROM BORSA İSTANBUL

Abstract

The purpose of this paper is primarily to explore the nature of intangible assets by testing their empirical relationship with the earnings of large Turkish listed companies over a twenty-year period spanning from 1998 to 2017. This period relates to a number of substantial occurrences including Turkey’s convergence to IFRS and global financial crises. Dynamic panel data results reveal that the effect of intangible assets on earnings is statistically significant and positive during the 2008 financial crisis and the following two periods. In addition, authors find that during the adoption of IFRS in 2005, intangible assets have significant negative impact on earnings. The research findings provide empirical input for broader perspectives of intangible assets and demonstrates a rare account to understand the role of intangible assets on earnings in an emerging market.

Keywords

Intangible assets, earnings, dynamic panel data, emerging markets, Turkey, accounting standards.

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