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NAKİT AKIŞ KARLILIĞI VE FİRMA PERFORMANSINA ETKİSİ

Year 2018, Volume: 8 Issue: 1, 56 - 60, 30.12.2018
https://doi.org/10.17261/Pressacademia.2018.981

Abstract

Amaç - Bu çalışmanın amacı, İstanbul Menkul Kıymetler Borsası Enerji Şirketleri'nin bazı performans ölçüm yöntemlerinin 8 yıllık bir dönemdeki stok fiyatlarına olan etkisini incelemektir.

Yöntem- Performans ölçümlerinin stok fiyatları üzerindeki etkisini analiz edebilmek için öncelikle BIST'te sıralanan en büyük enerji sektörü şirketleri seçilecektir. 2010 - 2018 arasındaki çeyrek dönemler için her şirket için ROE ve ROIC hesaplanacaktır. Bu sonuçlara dayanarak 2 değişkeni, performans ölçüm yöntemleri ve hisse senedi fiyatları olan bir regresyon modeli uygulanacak ve sonuçlar yorumlanacaktır.

Bulgular- Çalışmamızda değişkenler arasında periyodik bağlantıların olabileceğini gösteren tabloları sunduk .

Sonuç- Değişkenler arasında bazı bağlantıların olduğu gözlemlenmektedir, ancak firmanın performanslarını daha iyi değerlendirebilmek için diğer performans ölçüm yöntemlerinin ve diğer etkilerinin de analiz edilmesi gerekmektedir.

References

  • Hakan Cavlak ,Yasin Cebeci, Necati Güneş, (2017), Nakit Akış tablolarının İçerik Analiz Yöntemi ile değerlendirilmesi., International Journal of Academic Value Studies, Vol:3, Issue:13, 234-246, DOI: 10.23929/javs.404
  • Jeffrey Hales and Steven F. Orpurt (2013) A Review of Academic Research on the Reporting of Cash Flows from Operations. Accounting Horizons: September 2013, Vol. 27, No. 3, pp. 539-578. DOI: /10.2308/acch-50498
  • Lawson, G. H. 1970. Radical change in financial reports. Financial Times (July 15).
  • Lawson, G. H. 1978. The rationale of cash flow accounting. In Trends in Managerial and Financial Accounting, edited by C. van Dam, 85–104. Leiden, The Netherlands: Martinus Nijhoff Publishers.
  • Lee, T. A. 1981. Cash flow accounting and corporate financial reporting. In Essays in British Accounting Research, edited by Bromwich, M., and A. Hopwood, 63–78. London, U.K.: Pitman Publishing
  • Lee, T. A. 1992. Cash Flow Reporting’s Recent History: A Kuhnian Interpretation of a Changing Accounting Emphasis. Working paper, The University of Alabama
  • Clark, R. S. 1983. Statement of changes: In need of a change? CA Magazine (February): 26–30
  • Seed, A. H. 1984. The Funds Statement: Structure and Use. Morristown, NJ: Financial Executives Research Foundation
  • Aswath Damodaran, 2007, Return on Capital (ROC), Return on Invested Capital (ROIC) and Return on Equity (ROE): Measurement and Implications, NYU Stern School of Business
  • Taş, Oktay 2014. Performans Ölçüm Metotlarını Karşılaştırma, İstanbul Teknik Üniversitesi

CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE

Year 2018, Volume: 8 Issue: 1, 56 - 60, 30.12.2018
https://doi.org/10.17261/Pressacademia.2018.981

Abstract

Purpose - The purpose of this study is to analyze the effect of the change of some performance measurement methods of Istanbul Stock Exchange Energy Companies on their stock prices in a 8 year period.

Methodology - In order to analyze the effect of the performance measurements on stock prices, first of all the top energy sector companies which are listed in BIST will be selected. For the quarterly periods between 2010 – 2018, the ROE, ROIC and CROGI will be calculated for each company. A regression model with 2 variables the performance measurement methods and the stock prices will be applied.

Findings- In our study, we have summarized our findings on the tables showing there could be some periodical connections.

Conclusion- It is observed that there are periodical connections between the variables, however, also the other performance measurement methods’ effects should be analyzed.

References

  • Hakan Cavlak ,Yasin Cebeci, Necati Güneş, (2017), Nakit Akış tablolarının İçerik Analiz Yöntemi ile değerlendirilmesi., International Journal of Academic Value Studies, Vol:3, Issue:13, 234-246, DOI: 10.23929/javs.404
  • Jeffrey Hales and Steven F. Orpurt (2013) A Review of Academic Research on the Reporting of Cash Flows from Operations. Accounting Horizons: September 2013, Vol. 27, No. 3, pp. 539-578. DOI: /10.2308/acch-50498
  • Lawson, G. H. 1970. Radical change in financial reports. Financial Times (July 15).
  • Lawson, G. H. 1978. The rationale of cash flow accounting. In Trends in Managerial and Financial Accounting, edited by C. van Dam, 85–104. Leiden, The Netherlands: Martinus Nijhoff Publishers.
  • Lee, T. A. 1981. Cash flow accounting and corporate financial reporting. In Essays in British Accounting Research, edited by Bromwich, M., and A. Hopwood, 63–78. London, U.K.: Pitman Publishing
  • Lee, T. A. 1992. Cash Flow Reporting’s Recent History: A Kuhnian Interpretation of a Changing Accounting Emphasis. Working paper, The University of Alabama
  • Clark, R. S. 1983. Statement of changes: In need of a change? CA Magazine (February): 26–30
  • Seed, A. H. 1984. The Funds Statement: Structure and Use. Morristown, NJ: Financial Executives Research Foundation
  • Aswath Damodaran, 2007, Return on Capital (ROC), Return on Invested Capital (ROIC) and Return on Equity (ROE): Measurement and Implications, NYU Stern School of Business
  • Taş, Oktay 2014. Performans Ölçüm Metotlarını Karşılaştırma, İstanbul Teknik Üniversitesi
There are 10 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Huseyin Mert This is me 0000-0001-5391-7865

Fatih Koc This is me 0000-0002-0333-7456

Bilalettin Topluk This is me 0000-0002-3933-234X

Publication Date December 30, 2018
Published in Issue Year 2018 Volume: 8 Issue: 1

Cite

APA Mert, H., Koc, F., & Topluk, B. (2018). CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE. PressAcademia Procedia, 8(1), 56-60. https://doi.org/10.17261/Pressacademia.2018.981
AMA Mert H, Koc F, Topluk B. CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE. PAP. December 2018;8(1):56-60. doi:10.17261/Pressacademia.2018.981
Chicago Mert, Huseyin, Fatih Koc, and Bilalettin Topluk. “CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE”. PressAcademia Procedia 8, no. 1 (December 2018): 56-60. https://doi.org/10.17261/Pressacademia.2018.981.
EndNote Mert H, Koc F, Topluk B (December 1, 2018) CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE. PressAcademia Procedia 8 1 56–60.
IEEE H. Mert, F. Koc, and B. Topluk, “CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE”, PAP, vol. 8, no. 1, pp. 56–60, 2018, doi: 10.17261/Pressacademia.2018.981.
ISNAD Mert, Huseyin et al. “CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE”. PressAcademia Procedia 8/1 (December 2018), 56-60. https://doi.org/10.17261/Pressacademia.2018.981.
JAMA Mert H, Koc F, Topluk B. CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE. PAP. 2018;8:56–60.
MLA Mert, Huseyin et al. “CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE”. PressAcademia Procedia, vol. 8, no. 1, 2018, pp. 56-60, doi:10.17261/Pressacademia.2018.981.
Vancouver Mert H, Koc F, Topluk B. CASH RETURN AND ITS EFFECT ON FIRM’S PERFORMANCE. PAP. 2018;8(1):56-60.

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