Kazanç Yönetimi İle Karlılık Oranları İlişkisi: BİST’ te Bir Uygulama

Abstract

Financial statements presented by businesses are often reviewed by the users of these statements and are effective in the investment decision-making process. Some companies mislead users of financial statements by showing the information in the financial statements presented differently than they should be. Therefore, there may be an increase in the demand for the stocks of enterprises that increase their profits or appear to have increased. For this purpose, some businesses can make changes in their accounting policies in order to better show their financial performance and thus increase their profit expectations by affecting the perceptions of investors in various ways. These events brought earnings management to the agenda and caused concentration on it. In this study, the relationship between profitability ratios and earnings management of enterprises in the manufacturing industry whose stocks are traded in BIST was investigated using the Beneish model. Within the framework of the information obtained from the financial statements of the companies for the years 2015-2019, the profitability ratios that may have an impact on earnings management were tested with discriminant analysis. According to the analysis results, it has been determined that economic profitability and sales profitability ratios are variables open to earnings management in companies.