Mehmet AYGÜN, Aysel Öztürkçü AKÇAY, H. Cem SAYIN

YÖNETİM KURULU VE KAR YÖNETİMİ ARASINDAKİ İLİŞKİ: BORSA İSTANBUL ÜZERİNE BİR İNCELEME*

Bu çalışmanın amacı yönetim kurulu ve kar yönetimi arasındaki ilişkiyi incelemektir. 2009-2012 yıllarını kapsayan bu çalışmada Borsa İstanbula kayıtlı firma verilerinden yararlanılmıştır. Çalışmada kar yönetimi göstergesi olarak Modifiye Edilmiş Jones modeli kullanılmıştır. Yönetim kurulu yapısı göstergeleri olarak; yönetim kurulu büyüklüğü, dualite, bayan üye ve bağımsız üye kullanılmıştır. Çalışmada ayrıca üç kontrol değişkeninden (karlılık, firma büyüklüğü ve borçlanma oranı) yararlanılmıştır. Yapılan ampirik analiz sonucunda yönetim kurulu büyüklüğü ile kar yönetimi arasında negatif ve istatistiksel olarak anlamlı buna karşın dualite ile kar yönetimi arasında pozitif ve istatistiksel olarak anlamlı bir ilişkinin varlığı tespit edilmiştir.

THE RELATIONSHIP BETWEEN BOARD OF DIRECTORS AND EARNINGS MANAGEMENT: AN INVESTIGATION ON BORSA ISTANBUL

The aim of this study is to investigate the relationship between board of directors and earnings management. For this purpose, data of firms which listed in Borsa Istanbul (BIST) during 2009-2012 were analyzed. Modified Jones Model is used to measure the earnings management. As indicators of board structure; board size, duality, woman member and independent member are used. As control variables; profitability, firm size and debt ratio are used in the study. The analysis showed that there is a negative and statistically significant relationship between board size and earnings management whereas a positive and statistically significant relationship between duality and earnings management.

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