OAR@UM Collection:https://www.um.edu.mt/library/oar/handle/123456789/270082024-03-28T17:17:02Z2024-03-28T17:17:02ZFirm characteristics and accounting fraud : a multivariate approachOzcan, Ahmethttps://www.um.edu.mt/library/oar/handle/123456789/260902018-01-30T02:21:45Z2016-01-01T00:00:00ZTitle: Firm characteristics and accounting fraud : a multivariate approach
Authors: Ozcan, Ahmet
Abstract: The accounting frauds have massive adverse impacts on the business environment. Due to high incidence of accounting fraud in the economic environment, regulatory bodies make considerable efforts to the development of a reliable and accurate model that can detect accounting fraud. The primary objective of this paper is to establish an empirical model that significantly contributes to the development of a reliable model for detecting accounting fraud committed by firms listed on Borsa İstanbul. This study investigates ten accounting variables with probit regression analysis and covers 144 firms between the time period of 2005 to 2015. The results indicate that firms with low liquidity ratios are more probable to issue fraudulent financial statements, negative financial performance is a vital motivational factor for fraud, smaller firms are more likely to issue fraudulent financial statements, firms with high debt to equity are more likely to be classified as fraud firms and fraud firms have lower accounts receivable turnover and inventory turnover than non-fraud firms.2016-01-01T00:00:00ZForm the Turkish tax procedure law to IFRS’s : journey of financial statementsElitas, CemalErguden, A. Enginhttps://www.um.edu.mt/library/oar/handle/123456789/260862018-01-30T02:21:42Z2016-01-01T00:00:00ZTitle: Form the Turkish tax procedure law to IFRS’s : journey of financial statements
Authors: Elitas, Cemal; Erguden, A. Engin
Abstract: While the independent auditing in publicly-held corporations was made in accordance with Serial X No:11 Communique of the Capital Market Law until 2005 pursuant to CML, then the regulatory authorities (Banking Regulation and Supervision Agency, BRSA - Undersecretariat of Treasury and Energy Market Regulatory Authority, etc.) led by the Capital Market Board ordered independent audit to be made over the financial statements prepared in accordance with the International Financial Reporting Standards within the framework of union acquis. Basically, all the companies in Turkey are obliged to prepare their financial statements in accordance with the provisions of Tax Procedure Law (TPL). Companies subject to supreme regulatory authorities led by publicly-held corporations subject to Capital Market Law are obliged to submit some correction and classification records while preparing their financial statements in accordance with International Financial Reporting Standards (IFRS) after the preparation of financial statements in accordance with the Tax Procedure Law; and generally these accounting records are provided by majority of the companies not over the accounting information system but outside accounting.2016-01-01T00:00:00ZThe comparative analysis of financial risk level of airlines companies by using fuzzy logic methodTunahan, HakanEsen, SinanTakil, Davuthttps://www.um.edu.mt/library/oar/handle/123456789/260852019-10-03T08:09:42Z2016-01-01T00:00:00ZTitle: The comparative analysis of financial risk level of airlines companies by using fuzzy logic method
Authors: Tunahan, Hakan; Esen, Sinan; Takil, Davut
Abstract: Civil aviation sector has entered a rapid development process in the globalized world and increased competition has forced companies to be included in the different alliances. Furthermore, the low cost airline companies appeared in the nineties has changed the structure of the sector and the competition has become more difficult. The costs of minimum standards on flight safety as well as this tough competitive conditions make it difficult for companies to manage their financial risk. This study aims the comparative analysis of financial risk levels, measured over their financial ratios, of Star Alliance, One World and Sky Team; the world's three largest global airline alliances and the airlines that sell cheap tickets through low cost strategy by performing fuzzy logic method. Two different analysis are made using two different models. The first analysis results show that there is no difference between alliances and low-cost airlines in terms of financial risk levels for the period of 2010-2014. However the second analysis results show that there is difference between alliaces and low-cost airlines in terms of financial risk levels.2016-01-01T00:00:00ZThe relationship between weather condition reports and stock food and beverage indices : an application for the food and beverage index of Istanbul stock exchangeDurmuskaya, Sedathttps://www.um.edu.mt/library/oar/handle/123456789/260842018-01-30T02:21:44Z2016-01-01T00:00:00ZTitle: The relationship between weather condition reports and stock food and beverage indices : an application for the food and beverage index of Istanbul stock exchange
Authors: Durmuskaya, Sedat
Abstract: Several studies exist in the literature to analyze the effect of weather conditions on finance field. As an addition to the mentioned ones, in the study; the relationship between the weather condition reports and Istanbul Stock Exchange Food and Beverage Index is examined. For this reason, the daily data of weather conditions of Turkey from August 2013 to November 2015 besides closing prices of the Food and Beverage Index are benefited. As climatic factors like weather conditions are suggested to affect the amount of the agricultural products and their prices; the condition reports are assumed to cause volatility in cases such as costs in addition to financial structures of the companies listed on the index. Hence; the effect of mentioned factors on profitability and market value of the firms are tried to be revealed. Johansen ve Juselius Cointegration tests are run between the average temperature and daily closing prices data in advance and long term relationship is revealed between the variables in the study. Therefore; Vector Error Correction Model to indicate the short term effect of the relation is used so that findings are shown to obtain the balance for the deviation of short term deviation.2016-01-01T00:00:00Z