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The Relationship Between Intellectual Capital and Earnings Management / Kazanç Yönetimi İle Entelektüel Sermaye Arasındaki İlişki

Yıl 2023, Cilt: 7 Sayı: 2, 262 - 277, 05.10.2023

Yusuf Kurt

https://doi.org/10.29216/ueip.1255626
Cited By: 2

Öz

This study aimed to determine relationship intellectual capital components and earnings management of insurance companies traded in the Borsa İstanbul (BIST) that is one of the stock market of Turkey. Data for the years 2014Q2 and 2022Q2 were used in the research. The Value Added Intellectual Coefficient (VAIC) formulation was used to measure intellectual capital. In the measurement of earnings management, “Healy Model” was used. According to the results, negative and significant relationship was found between earnings management and structural capital efficiency. However, no significant relationship was found between earnings management and capital employed efficiency and human capital efficiency. This result shows that the business managers who complete the system development will reduce the need for make-up on the financial statements.

Anahtar Kelimeler

Intellectual Capital Earnings Management Healy Model

Kaynakça

  • Bartov, E., Givoly, D. and Hayn, C. (2000). The Rewards to Meeting or Beating Earnings Expectations. Journal of Accounting and Economics, 33, 173–204.
  • Bayraktaroğlu, A. E., Çalışır, F., and Başkak, M. (2019). Intellectual Capital and Firm Performance: An Extended VAIC Model. Journal of Intellectual Capital. 20(3), 406-425.
  • Bontis, N., Keow, W.C.C. and Richardson, S. (2000). Intellectual Capital and Business Performance in Malaysian Industries. Journal of Intellectual Capital, 1(1), 85-100.
  • Callao, S., Jarne, J. I., and Wróblewski, D. (2017). Detecting Earnings Management Investıgation On Different Models Measuring Earnings Management for Emerging Eastern European Countries. International Journal of Research -Granthaalayah, 5(11), 222-259.
  • Chen, C.-J., Liu, T., Chu, M. and Hsiao, Y.-C. (2014). Intellectual Capital and New Product Development. Journal of Engineering and Technology Management, 33, 154-173.
  • Chen, J., Zhu, Z. and Xie, H.Y. (2004). Measuring Intellectual Capital: A New Model and Empirical Study. Journal of Intellectual Capital, 5(1) 195-212.
  • Clarke, M., Seng, D. and Whiting, R. H. (2011). Intellectual Capital and Firm Performance in Australia. Journal of Intellectual Capital, 12(4), 505-530.
  • Darabi, R., Rad, S. and Ghadiri, M. (2012). The Relationship Between Intellectual Capital and Earnings Quality. Research Journal of Applied Sciences, Engineering and Technology, 4, 4192-4199.
  • Dechow, P. M., Hutton, A. P., Kim, J. H. and Sloan, R. G. (2012). Detecting Earnings Management: A New Approach. Journal of Accounting Research, 50(2), 275-334.
  • Demir, Ş. (2014). Muhasebe Hataları Ve Hileleri İle Bunlara Dair Yaptırımların Yasal Mevzuat Kapsamında Değerlendirilmesi. World of Accounting Science, 16(1), 169-193.
  • Dzenopoljac, V., Kwiatek, P., Dzenopoljac, A. and Bontis, N. (2022). Intellectual Capital As A Longitudinal Predictor Of Company Performance In A Developing Economy. Knowledge And Process Management, 29(1), 53-69.
  • Edvinsson, L. and Sullivan, P. (1996). Developing A Model for Managing Intellectual Capital. European Management Journal, 14(4), 356-364. Ferreira, J.J., Fernandes, C. and Veiga, P. (2020). Multilevel Approaches To Advancing The Measurement Of Intellectual Capital Research Field–What Can We Learn From The Literature?. Journal Of Intellectual Capital, 22(6), 971-999.
  • Fiano, F., Sorrentino, M., Caputo, F. and Smarra, M. (2022). Intellectual Capital For Recovering Patient Centrality And Ensuring Patient Satisfaction In Healthcare Sector. Journal Of Intellectual Capital, 23(3), 461-478.
  • Githaiga, P. N. (2022). Intellectual Capital And Bank Performance: The Moderating Role Of İncome Diversification. Asia-Pacific Journal Of Business Administration, Ahead-Of-Print(Ahead-Of-Print). Access Adress: https://www.emerald.com/insight/content/doi/10.1108/APJBA-06-2021-0259/full/html?casa_token=YVQmsOk1EcsAAAAA:rRe1c8ydkymHsonFVimhYCz90uAIh1xbhZz6vwVlMmgomNpd86E_hLqkV7PU9e9I-yFeiMX8ZG9a21MGHMrzl8Wu283SWEOa7oqbfdTdZquxUSfe1KA
  • Goel, S. (2012). Demystifying Earnings Management Through Accruals Management: An Indian Corporate Study. Vikalpa, 37(1), 49–56.
  • Hatane, S. E., Halim, N. I. and Tarigan, J. (2019). Board Indicators, Managerial Ownership, Intellectual Capital And Earnings Quality In Consumer Goods Of Indonesia And Malaysia. International Journal Of Business Economics, 1(1), 1-19.
  • Healy, P. M. and Wahlen, J. M. (1999). A Review Of The Earnings Management Literature And Its Implications For Standard Setting. Accounting Horizons, 13(4), 365–383.
  • Indarti, M. G. K. and Widiatmoko, J. (2021). The Effects Of Earnings Management And Audit Quality On Cost Of Equity Capital: Empirical Evidence From Indonesia. The Journal Of Asian Finance, Economics And Business, 8(4), 769-776.
  • Janosevic, S., Dzenopoljac, V. and Dimitrijevic, S. (2013). Analysis Of Intellectual Capital Practices In Serbia. Actual Problems Of Economics, 60(6), 548–562.
  • Karadeniz, E., and Koşan, L. (2021). Finansal Performans ve Fiyat/Kazanç Oranı: Borsa İstanbul Turizm Şirketlerinde Bir Araştırma. Sosyoekonomi, 29(47), 249-266.
  • Kayaköy Taş, M. (2015). Dünya Sigorta Pazarında Türkiye’nin Yeri. İstanbul Ticaret Üniversitesi Sosyal Bilimleri Dergisi, 14(27), 133-148
  • Khajavi, S., Ghadirian-Arani, M. and Fattahi-Nafchi, H. (2016). Intellectual Capital And Earnings Quality: A Comprehensive İnvestigation. International Journal Of Learning And Intellectual Capital, 13(4), 316-337.
  • Kurt, Y. (2023). Kazanç Kalitesinin Gerçeğe Uygun Değer Muhasebesi Üzerindeki Etkisi: Katılım Bankaları Üzerine Bir Araştırma. Muhasebe ve Denetime Bakış, 23(69), 277-290.
  • Kehelwalatenna, S. and Gunaratne, P. S. M. (2010). The Impact Of Intellectual Capital On The Firm Performance And Investor Response: An Empirical Study Of Selected sectors In Colombo Stock Exchange. ICBI.1-23.
  • Martin-De Castro, G., Diez-Vial, I. and Delgado-Verde, M. (2019). Intellectual Capital And The Firm: Evolution And Research Trends. Journal Of Intellectual Capital, 20(4), 555-580.
  • Mondal, A. and Ghosh, S. K. (2012). Intellectual Capital And Financial Performance Of Indian Banks. Journal Of Intellectual Capital, 13(4), 515-530.
  • Mutuc, E. B. (2021). An Integrated Model To Explain How Intellectual Capital Affects Earnings Quality: Some Evidence From Asian Emerging Economies. Asia-Pacific Social Science Review, 21(2), 202-221.
  • Önder, Ş. ve Ağca, A. (2013). Toplam Tahakkuk Modelleri İle Türkiye’de Kâr Yönetiminin Ölçülmesi: İmkb’de Yer Alan İşletmeler Üzerine Ampirik Bir Araştırma, Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, EYI Special Number, 35-48.
  • Pedro, E., Leitao, J. and Alves, H. (2018). Back To The Future Of Intellectual Capital Research: A Systematic Literature Review. Management Decision, 56(11), 2502-2583.
  • Ramadani, R. S., Indra, A. Z. and Putri, W. R. E. (2022). Pengaruh Leverage, Audıt Tenure, Dan Intellectual Capital Terhadap Earnings Management (Studı Empırıs Pada Perusahaan Bumn Tahun. Accounting Global Journal, 6(1), 28-45.
  • Roos, G. and Roos, J. (1997). Measuring Your Company’s Intellectual Performance. Long Range Planning, 30(3), 413-426.
  • Sánchez-Ballesta, J. P.A. and Yagüe, J. (2022). Social Capital And Earnings Management In Small And Medium Firms. Accounting Forum, 46(2), 191-214.
  • Sarea, A. and Alansari, S. (2016). The Relationship Between Intellectual Capital And Earnings Quality: Evidence From Listed Firms In Bahrain Bourse. International Journal Of Learning And Intellectual Capital, 13, 302-315.
  • Sarıkale, H., & İlter, B. (2018). Finansal Analiz Sürecindeki Temel Mali Tablo Düzeltmelerinin Oran Analizine Etkisi. Afyon Kocatepe Üniversitesi Sosyal Bilimler Dergisi, 20(1), 165-184.
  • Sari, P. P. and Astika, I. B. P. (2021). The Effect Of Good Corporate Governance, Debt Contracts, And Intellectual Capital On Earnings Management. American Journal Of Humanities And Social Sciences Research, 5(4), 101-108.
  • Tabachnick, B. G. and Fidell, L. S. (2007). Using Multivariate Statistics (5th Ed.). Allyn & Bacon/Pearson Education. Tangngisalu, J. (2022). Relationship Between Intellectual Capital And Corporate Profitability. Atestasi, Jurnal Ilmiah Akuntansi, 5(1), 225-235.
  • Teixeira, J. F. and Rodrigues, L. L. (2022). Earnings Management: A Bibliometric Analysis. International Journal Of Accounting & Information Management, 14(1), 249-262.
  • Torres-Reyna, O. (2007). Panel Data Analysis Fixed And Random Effects Using Stata, Data And Statistical Services, Princeton University.
  • Tohir, R. and Yuyetta, E. N. A. (2013). Pengaruh Struktur Corporate Governance Kualitas Laba Dengan Intellectual Capital Disclosure Sebagai Variable Intervening. Diponegoro Journal Of Accounting, 2 (4), 1–10.
  • Xu, J., Haris, M., and Irfan, M. (2022). The Impact Of İntellectual Capital On Bank Profitability During Covid-19: A Comparison With China And Pakistan. Complexity, 14(10), 1-23
  • Yörük, N. ve Erdem, N. S. (2008). Entelektüel Sermaye Ve Unsurlarının, İMKB’de İşlem Gören Otomotiv Sektörü Firmalarının Finansal Performansı Üzerine Etkisi. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 22(2), 397-413.
  • Zahra, M., Wulandari, R. and Syafrizal, S. (2019). The Influence Of Managerial Ownership, Earnings Management, Intellectual Capital, And Tax Aggressiveness To Firm Value. Jıafe (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 4(1), 19-28.

Kazanç Yönetimi İle Entelektüel Sermaye Arasındaki İlişki / The Relationship Between Intellectual Capital and Earnings Management

Yıl 2023, Cilt: 7 Sayı: 2, 262 - 277, 05.10.2023

Yusuf Kurt

https://doi.org/10.29216/ueip.1255626
Cited By: 2

Öz

Çalışmada Borsa İstanbul (BIST)’te işlem gören sigorta işletmelerinin kazanç yönetimi ile entelektüel sermaye arasındaki ilişki ele alınmıştır. Araştırmada 2014Q2 ve 2022Q2 yıllarına ilişkin veriler kullanılmıştır. Entelektüel sermayenin ölçümünde “entelektüel katma değer katsayısı” formülasyonu kullanılmıştır. Kazanç yönetiminin ölçümünde ise “Healy Modeli” tercih edilmiştir. Elde edilen sonuçlara göre analize dahil edilen sigorta şirketlerinin kazanç yönetimleri ile entelektüel sermaye bileşenlerinden olan kullanılan sermaye etkinliği katsayısı ile insan sermayesi etkinliği katsayısı arasında anlamlı bir ilişki bulunamamıştır. Fakat kazanç yönetimi ile yapısal sermaye etkinliği katsayısı arasında negatif ve %1 düzeyinde anlamlı bir ilişki tespit edilmiştir. Ulaşılan bu sonuç sistem gelişimini tamamlayan işletme yöneticilerinin finansal tablolar üzerinde makyajlama yapma ihtiyacını azaltacağını göstermektedir.

Anahtar Kelimeler

Entelektüel Sermaye Kazanç Yönetimi Healy Model

Kaynakça

  • Bartov, E., Givoly, D. and Hayn, C. (2000). The Rewards to Meeting or Beating Earnings Expectations. Journal of Accounting and Economics, 33, 173–204.
  • Bayraktaroğlu, A. E., Çalışır, F., and Başkak, M. (2019). Intellectual Capital and Firm Performance: An Extended VAIC Model. Journal of Intellectual Capital. 20(3), 406-425.
  • Bontis, N., Keow, W.C.C. and Richardson, S. (2000). Intellectual Capital and Business Performance in Malaysian Industries. Journal of Intellectual Capital, 1(1), 85-100.
  • Callao, S., Jarne, J. I., and Wróblewski, D. (2017). Detecting Earnings Management Investıgation On Different Models Measuring Earnings Management for Emerging Eastern European Countries. International Journal of Research -Granthaalayah, 5(11), 222-259.
  • Chen, C.-J., Liu, T., Chu, M. and Hsiao, Y.-C. (2014). Intellectual Capital and New Product Development. Journal of Engineering and Technology Management, 33, 154-173.
  • Chen, J., Zhu, Z. and Xie, H.Y. (2004). Measuring Intellectual Capital: A New Model and Empirical Study. Journal of Intellectual Capital, 5(1) 195-212.
  • Clarke, M., Seng, D. and Whiting, R. H. (2011). Intellectual Capital and Firm Performance in Australia. Journal of Intellectual Capital, 12(4), 505-530.
  • Darabi, R., Rad, S. and Ghadiri, M. (2012). The Relationship Between Intellectual Capital and Earnings Quality. Research Journal of Applied Sciences, Engineering and Technology, 4, 4192-4199.
  • Dechow, P. M., Hutton, A. P., Kim, J. H. and Sloan, R. G. (2012). Detecting Earnings Management: A New Approach. Journal of Accounting Research, 50(2), 275-334.
  • Demir, Ş. (2014). Muhasebe Hataları Ve Hileleri İle Bunlara Dair Yaptırımların Yasal Mevzuat Kapsamında Değerlendirilmesi. World of Accounting Science, 16(1), 169-193.
  • Dzenopoljac, V., Kwiatek, P., Dzenopoljac, A. and Bontis, N. (2022). Intellectual Capital As A Longitudinal Predictor Of Company Performance In A Developing Economy. Knowledge And Process Management, 29(1), 53-69.
  • Edvinsson, L. and Sullivan, P. (1996). Developing A Model for Managing Intellectual Capital. European Management Journal, 14(4), 356-364. Ferreira, J.J., Fernandes, C. and Veiga, P. (2020). Multilevel Approaches To Advancing The Measurement Of Intellectual Capital Research Field–What Can We Learn From The Literature?. Journal Of Intellectual Capital, 22(6), 971-999.
  • Fiano, F., Sorrentino, M., Caputo, F. and Smarra, M. (2022). Intellectual Capital For Recovering Patient Centrality And Ensuring Patient Satisfaction In Healthcare Sector. Journal Of Intellectual Capital, 23(3), 461-478.
  • Githaiga, P. N. (2022). Intellectual Capital And Bank Performance: The Moderating Role Of İncome Diversification. Asia-Pacific Journal Of Business Administration, Ahead-Of-Print(Ahead-Of-Print). Access Adress: https://www.emerald.com/insight/content/doi/10.1108/APJBA-06-2021-0259/full/html?casa_token=YVQmsOk1EcsAAAAA:rRe1c8ydkymHsonFVimhYCz90uAIh1xbhZz6vwVlMmgomNpd86E_hLqkV7PU9e9I-yFeiMX8ZG9a21MGHMrzl8Wu283SWEOa7oqbfdTdZquxUSfe1KA
  • Goel, S. (2012). Demystifying Earnings Management Through Accruals Management: An Indian Corporate Study. Vikalpa, 37(1), 49–56.
  • Hatane, S. E., Halim, N. I. and Tarigan, J. (2019). Board Indicators, Managerial Ownership, Intellectual Capital And Earnings Quality In Consumer Goods Of Indonesia And Malaysia. International Journal Of Business Economics, 1(1), 1-19.
  • Healy, P. M. and Wahlen, J. M. (1999). A Review Of The Earnings Management Literature And Its Implications For Standard Setting. Accounting Horizons, 13(4), 365–383.
  • Indarti, M. G. K. and Widiatmoko, J. (2021). The Effects Of Earnings Management And Audit Quality On Cost Of Equity Capital: Empirical Evidence From Indonesia. The Journal Of Asian Finance, Economics And Business, 8(4), 769-776.
  • Janosevic, S., Dzenopoljac, V. and Dimitrijevic, S. (2013). Analysis Of Intellectual Capital Practices In Serbia. Actual Problems Of Economics, 60(6), 548–562.
  • Karadeniz, E., and Koşan, L. (2021). Finansal Performans ve Fiyat/Kazanç Oranı: Borsa İstanbul Turizm Şirketlerinde Bir Araştırma. Sosyoekonomi, 29(47), 249-266.
  • Kayaköy Taş, M. (2015). Dünya Sigorta Pazarında Türkiye’nin Yeri. İstanbul Ticaret Üniversitesi Sosyal Bilimleri Dergisi, 14(27), 133-148
  • Khajavi, S., Ghadirian-Arani, M. and Fattahi-Nafchi, H. (2016). Intellectual Capital And Earnings Quality: A Comprehensive İnvestigation. International Journal Of Learning And Intellectual Capital, 13(4), 316-337.
  • Kurt, Y. (2023). Kazanç Kalitesinin Gerçeğe Uygun Değer Muhasebesi Üzerindeki Etkisi: Katılım Bankaları Üzerine Bir Araştırma. Muhasebe ve Denetime Bakış, 23(69), 277-290.
  • Kehelwalatenna, S. and Gunaratne, P. S. M. (2010). The Impact Of Intellectual Capital On The Firm Performance And Investor Response: An Empirical Study Of Selected sectors In Colombo Stock Exchange. ICBI.1-23.
  • Martin-De Castro, G., Diez-Vial, I. and Delgado-Verde, M. (2019). Intellectual Capital And The Firm: Evolution And Research Trends. Journal Of Intellectual Capital, 20(4), 555-580.
  • Mondal, A. and Ghosh, S. K. (2012). Intellectual Capital And Financial Performance Of Indian Banks. Journal Of Intellectual Capital, 13(4), 515-530.
  • Mutuc, E. B. (2021). An Integrated Model To Explain How Intellectual Capital Affects Earnings Quality: Some Evidence From Asian Emerging Economies. Asia-Pacific Social Science Review, 21(2), 202-221.
  • Önder, Ş. ve Ağca, A. (2013). Toplam Tahakkuk Modelleri İle Türkiye’de Kâr Yönetiminin Ölçülmesi: İmkb’de Yer Alan İşletmeler Üzerine Ampirik Bir Araştırma, Dumlupınar Üniversitesi Sosyal Bilimler Dergisi, EYI Special Number, 35-48.
  • Pedro, E., Leitao, J. and Alves, H. (2018). Back To The Future Of Intellectual Capital Research: A Systematic Literature Review. Management Decision, 56(11), 2502-2583.
  • Ramadani, R. S., Indra, A. Z. and Putri, W. R. E. (2022). Pengaruh Leverage, Audıt Tenure, Dan Intellectual Capital Terhadap Earnings Management (Studı Empırıs Pada Perusahaan Bumn Tahun. Accounting Global Journal, 6(1), 28-45.
  • Roos, G. and Roos, J. (1997). Measuring Your Company’s Intellectual Performance. Long Range Planning, 30(3), 413-426.
  • Sánchez-Ballesta, J. P.A. and Yagüe, J. (2022). Social Capital And Earnings Management In Small And Medium Firms. Accounting Forum, 46(2), 191-214.
  • Sarea, A. and Alansari, S. (2016). The Relationship Between Intellectual Capital And Earnings Quality: Evidence From Listed Firms In Bahrain Bourse. International Journal Of Learning And Intellectual Capital, 13, 302-315.
  • Sarıkale, H., & İlter, B. (2018). Finansal Analiz Sürecindeki Temel Mali Tablo Düzeltmelerinin Oran Analizine Etkisi. Afyon Kocatepe Üniversitesi Sosyal Bilimler Dergisi, 20(1), 165-184.
  • Sari, P. P. and Astika, I. B. P. (2021). The Effect Of Good Corporate Governance, Debt Contracts, And Intellectual Capital On Earnings Management. American Journal Of Humanities And Social Sciences Research, 5(4), 101-108.
  • Tabachnick, B. G. and Fidell, L. S. (2007). Using Multivariate Statistics (5th Ed.). Allyn & Bacon/Pearson Education. Tangngisalu, J. (2022). Relationship Between Intellectual Capital And Corporate Profitability. Atestasi, Jurnal Ilmiah Akuntansi, 5(1), 225-235.
  • Teixeira, J. F. and Rodrigues, L. L. (2022). Earnings Management: A Bibliometric Analysis. International Journal Of Accounting & Information Management, 14(1), 249-262.
  • Torres-Reyna, O. (2007). Panel Data Analysis Fixed And Random Effects Using Stata, Data And Statistical Services, Princeton University.
  • Tohir, R. and Yuyetta, E. N. A. (2013). Pengaruh Struktur Corporate Governance Kualitas Laba Dengan Intellectual Capital Disclosure Sebagai Variable Intervening. Diponegoro Journal Of Accounting, 2 (4), 1–10.
  • Xu, J., Haris, M., and Irfan, M. (2022). The Impact Of İntellectual Capital On Bank Profitability During Covid-19: A Comparison With China And Pakistan. Complexity, 14(10), 1-23
  • Yörük, N. ve Erdem, N. S. (2008). Entelektüel Sermaye Ve Unsurlarının, İMKB’de İşlem Gören Otomotiv Sektörü Firmalarının Finansal Performansı Üzerine Etkisi. Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 22(2), 397-413.
  • Zahra, M., Wulandari, R. and Syafrizal, S. (2019). The Influence Of Managerial Ownership, Earnings Management, Intellectual Capital, And Tax Aggressiveness To Firm Value. Jıafe (Jurnal Ilmiah Akuntansi Fakultas Ekonomi), 4(1), 19-28.
Toplam 42 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Finans, İşletme
Bölüm ARAŞTIRMA MAKALELERİ
Yazarlar

Yusuf Kurt 0000-0002-1071-4205

Yayımlanma Tarihi 5 Ekim 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 7 Sayı: 2

Kaynak Göster

APA Kurt, Y. (2023). Kazanç Yönetimi İle Entelektüel Sermaye Arasındaki İlişki / The Relationship Between Intellectual Capital and Earnings Management. Uluslararası Ekonomi İşletme Ve Politika Dergisi, 7(2), 262-277. https://doi.org/10.29216/ueip.1255626

Cited By

The Effect of Intellectual Capital on the Financial Performance of Islamic and Conventional Life Insurance Companies in GCC and ASEAN
İktisadi İdari ve Siyasal Araştırmalar Dergisi
https://doi.org/10.25204/iktisad.1347656
BEHAVIORS RELATED TO PRIMARY SCHOOL PRINCIPALS' CRISIS MANAGEMENT SKILLS: IN THE CONTEXT OF THE FEBRUARY 6TH 2023 EARTHQUAKE
Problems of Education in the 21st Century
https://doi.org/10.33225/pec/24.82.252
 Kapak Resmi İndir

Uluslararası Ekonomi, İşletme ve Politika Dergisi

Recep Tayyip Erdoğan Üniversitesi
İktisadi ve İdari Bilimler Fakültesi
İktisat Bölümü
RİZE / TÜRKİYE