Kazançların Asimetrik Zamanlılığı Analizi: Borsa İstanbul Örneğİ

Bu çalışma, Borsa İstanbul'da işlem gören firmaların 2012-2019 (dahil) yılları arasında kazanç özelliklerinin asimetrik zamanlılığını incelenmiştir. Çalışma neticelerine göre, negatif ekonomik olaylar, örneklem dönemi içinde, pozitif ekonomik olaylardan daha hızlı bir şekilde kazançlarda yansıtılmaktadır. Bu, BİST firmalarının finansal raporlama özelliklerinde kazançların asimetrik zamanlamasının hâkim bir uygulama olduğunu göstermektedir. Kazançların asimetrik zamanlılığının varlığı finansal raporlama literatüründe kazanç kalite kriterlerinden biri olarak ele alındığı göz önüne alındığında, borsada işlem gören Türk firmalarının kazanç kalitesinin bu kritere göre yüksek olduğu söylenebilir. Ayrıca, bulgular, firma büyüklüğü, finansal kaldıraç ve öz kaynakların piyasa değerinin defter değerine oranı gibi firmaya özgü faktörlerin kontrol edilmesine karşı da güçlüdür.

Anahtar Kelimeler:

Kazançların Asimetrik Zamanlılığı, BIST, Finansal Raporlama

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