Kurumlar Vergisi Planlamasının Finansal Performans Üzerindeki Etkisinin Araştırılması: Türkiye'de Borsaya Kote Firmalardan Kanıtlar

Yıl 2024, Cilt: 1 Sayı: 47, 133 - 151, 13.08.2024

Ayobolawole Adewale Ogundipe Ednan Ayvaz

https://doi.org/10.35343/kosbed.1479446

Öz

Bu çalışma, vergi planlamasının işletmelerin finansal performansını etkilşeyğp etkilemediğini araştırmaktadır. Bu bağlamda, kurumlar vergisi planlama stratejileri ve finansal performansa odaklanıyoruz. Çalışmada 1062 firmadan oluşan panel veri kullanılmıştır. Vergi planlaması ile ilgili tahminlerde Genelleştirilmiş Momentler Metodu (GMM) kullanılmıştır. Kurumsal vergi planlaması değişkenlerinin, dikkate alınan finansal performans boyutuna bağlı olarak, finansal performans ile pozitif ve anlamlı ilişkilere sahip olduğunu buluyoruz. Özellikle, efektif vergi oranı ve vergi planlama stratejilerinin riskliliği, seçilen firmaların karlılığı, büyümesi ve piyasa değeri ile önemli ölçüde ilişkilidir. Defter-vergi açığı, karlılık ve piyasa değeri ile önemli ölçüde ilişkilidir. Çok ulusluluk, seçilen firmaların karlılığı ve likidite pozisyonu ile anlamlı bir şekilde ilişkiliyken, örtülü sermaye ve somutluk piyasa değeri ve likidite ile anlamlı bir şekilde ilişkilidir. Kurumlar vergisi planlama stratejilerinin finansal performansı etkilediği sonucuna varılmıştır.

Anahtar Kelimeler

Borsa İstanbul, Finansal performan, Vergi planlaması, Genelleştirilmiş momentler metodu

Etik Beyan

Araştırma, etik temelli izin gerektirmemektedir.

Kaynakça

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