YATIRIM KARARLARI, KARLILIK VE KOŞULSUZ İHTİYATLILIK: BİST 100 İMALAT SANAYİ FİRMALARI VE TİCARİ BANKALAR ÜZERİNE PANEL REGRESYON ANALİZİ

Bu çalışmanın amacı, firmaların ihtiyatlılık skorları ile yatırım kararları ve karlılık arasındaki ilişkiyi incelemektir. Bu kapsamda BIST 100 imalat sanayi firmaları ve BİST ticari bankaların 2009-2020 yılları arasındaki finansal verileri incelenmiş ve koşulsuz ihtiyatlılık skorları negatif tahakkuk yöntemine (Givoly ve Hayn, 2000) göre hesaplanmıştır. Ampirik sonuçlara göre imalat sanayi firmalarının yatırımları ile ihtiyatlılık skoru arasında negatif ilişki tespit edilirken, ticari bankaların yatırımları ile ihtiyatlılık skorları arasında pozitif ilişki tespit edilmiştir. Çalışmadan elde edilen bir diğer sonuca göre, imalat sanayi firmaları ve ticari bankaların öz sermaye karlılığı ile ihtiyatlılık skorları arasında, ihtiyatlılıktan öz sermaye karlılığına doğru, tek yönlü bir ilişki olduğu tespit edilmiştir.

Anahtar Kelimeler:

İhtiyatlılık, Koşulsuz İhtiyatlılık, Yatırım Kararları, Karlılık

Keywords:

İhtiyatlılık, Koşulsuz İhtiyatlılık, Yatırım Kararları, Karlılık,

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