FİNANSAL BAŞARISIZLIK RİSKİNİN DENETİM KALİTESİNE ETKİSİ: BORSA İSTANBUL ÖRNEĞİ

Amaç- Bu çalışmanın amacı, finansal başarısızlık riskinin denetim kalitesi üzerine etkisinin araştırılmasıdır. Bu amaçla Borsa İstanbul’da işlem gören 227 şirketin verileri temin edilmiştir. Yöntem- Elde edilen veriler üzerinde korelasyon analizi yapılmış ve değişkenler arasında otokorelasyon olmadığı tespit edilmiştir. Çalışmanın hipotezini test etmek amacıyla çoklu regresyon modeli oluşturulmuştur. Bulgular- Elde edilen bulgulara göre finansal başarısızlık riski ile denetim kalitesi arasında negatif yönlü ve anlamlı ilişki bulunmuştur. Sonuç- Şirketin büyüklüğü, işletme faaliyetlerinden nakit akışlarının toplam aktife oranı ve finansal kaldıraç oranı ile denetim kalitesi arasında anlamlı ilişki tespit edilmiştir.

Anahtar Kelimeler:

Finansal başarısızlık, finansal başarısızlık riski, denetim kalitesi

THE EFFECT OF FINANCIAL DISTRESS ON AUDIT QUALITY: EVIDENCE FROM BORSA ISTANBUL

Purpose- The purpose of this study is to investigate the effect of financial distress on audit quality. For this purpose, the data of 227 companies traded in Borsa Istanbul were obtained. Methodology- Correlation analysis was performed on the data obtained, and no autocorrelation was found between the variables. A multiple regression model was generated to test the hypothesis of the study. Findings- According to the findings, a negative and significant relationship was found between financial distress and audit quality. Conclusion- A significant relationship was found between the company size, the ratio of cash flows from operating activities to total assets, and the leverage ratio and audit quality.

Keywords:

Financial distress, financial distress risk, audit quality Finansal başarısızlık, finansal başarısızlık riski, denetim kalitesi,

PDF

___

Akçay, A., Bilen, A. (2018). Denetim kalitesi ve göstergeleri. Yüzüncü Yıl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, (40) , 227-256.
Altman, E.I. (1968). Financial ratios, discriminant analysis and prediction of corporate bankruptcy. The Journal of Finance, (23), 589-609.
Chang, S. l., Hwang, l. J. (2020). The role of audit quality in financial distress: Evidence from China. The International Journal of Organizational Innovation, 12(4), 235-252.
Chen, K. Y., Lin, K. L., Zhou, J. (2005). Audit quality and earnings management for Taiwan IPO firms. Managerial Auditing Journal, 20(1), 86-104.
Chen, Y., Chen, C.H., Huang, S.L. (2010). An appraisal of financially distressed companies’ earnings management: Evidence from listed companies in China. Pacific Accounting Review, 22(1), 22-41.
DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of Accounting and Economics, 3(3), 183-199.
Dechow, P. M., Sloan, R. G., Sweeney, A. P. (1995). Detecting earning management. The Accounting Review, 70(2), 193-225.
Deeb, M. S. ve Ramadan, M. S. (2020). The impact of financial distress, firm size, and audit quality on earnings: Management evidence from companies listed in the Egyptian Stock Exchange. Alexandria Journal of Accounting Research, 4, 1-48.
Emami, A., Lashgari, Z. ve Moghari, A. E. (2022). Management capabilities, financial distress, and audit fee. The International Journal of Nonlinear Analysis and Applications, 13(2), 1261-1275.
Karina, R. (2018). The effect of financial distress and audit quality on earnings management. Global Financial Accounting Journal, 2(1), 63-70.
Lu, Y. ve Ma, D. (2016). Audit quality and financial distress: Evidence from china. WSEAS Transactions on Business and Economics, 13, 330-340.
Sundgren, S. (2009). Perceived audit quality, modified audit opinions and the likelihood of liquidating bankruptcy among financially weak firms. International Journal of Auditing, 13, 203–221.
Tabachnick, B. G. ve Fidell, L. S. (2007). Using multivariate statistics (fifth edition). USA: Pearson/ Allyn ve Bacon.
Terzi, S. (2011). Finansal rasyolar yardımıyla finansal başarısızlık tahmini: Gıda sektöründe ampirik bir araştırma. Çukurova Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 15(1), 1-18.
Terzi, S., Kıymetli Şen, İ., Üçoğlu, D. (2012). Comparison of financial distress prediction models: Evidence from turkey. European Journal of Social Sciences, 32(4), 607-618.
Tuan, K., Besen, R. ve Saygı, A. (2019). Bağımsız denetimde kalite göstergeleri: Literatür incelemesi. Çukurova Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 23(2), 203-210.
Yaşar, A. (2013). Big four auditors’ audit quality and earnings management: Evidence from turkish stock market. International Journal of Business and Social Science, 14(7), 153-163.