Basit öğe kaydını göster

dc.contributor.advisorKaracaer, Semra
dc.contributor.authorGüleç, Ömer Faruk
dc.date.accessioned2017-04-13T10:25:39Z
dc.date.available2017-04-13T10:25:39Z
dc.date.issued2017-04-13
dc.date.submitted2017-04-04
dc.identifier.citationAbdullah, A. A., ve Mohd-Saleh, N. (2014). Impact of firms’ life-cycle on conservatism: the Malaysian evidence. Procedia-Social and Behavioral Sciences, 145, 18-28. Adizes, I. (1979). Organizational passages—diagnosing and treating lifecycle problems of organizations. Organizational dynamics, 8(1), 3-25. Adizes, I. (1990). Corporate lifecycles: How and why corporations grow and die and what to do about it. Prentice Hall, 384 c. Aharony, J., Falk, H., ve Yehuda, N. (2006). Corporate life cycle and the relative valuerelevance of cash flow versus accrual financial information: Citeseer. Al‐Hadi, A., Hasan, M. M., ve Habib, A. (2015). Risk committee, firm life cycle, and market risk disclosures. Corporate Governance: An International Review. Anthony, J. H., ve Ramesh, K. (1992). Association between accounting performance measures and stock prices: A test of the life cycle hypothesis. Journal of accounting and Economics, 15(2), 203-227. Atanassov, J., ve Kim, E. (2009). Labor and corporate governance: International evidence from restructuring decisions. The Journal of Finance, 64(1), 341-374. Barth, M. E., Beaver, W. H., ve Landsman, W. R. (2001). The relevance of the value relevance literature for financial accounting standard setting: another view. Journal of accounting and Economics, 31(1), 77-104. Berger, A. N., ve Udell, G. F. (1998). The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle. Journal of banking & finance, 22(6), 613-673. Biddle, G. C., Seow, G. S., ve Siegel, A. F. (1995). Relative versus incremental information content. Contemporary accounting research, 12(1), 1-23. Billett, M. T., ve Xue, H. (2007). The takeover deterrent effect of open market share repurchases. The Journal of Finance, 62(4), 1827-1850. 143 Black, E. L. (1998a). Life-cycle impacts on the incremental value-relevance of earnings and cash flow measures. Journal of Financial Statement Analysis, 4, 40-57. Black, E. L. (1998b). Which is More Value-Relevant: Earnings or Cash Flows? Available at SSRN 118089. Caner, S. (2011). Ürün yaşam seyri maliyetlemesinin faaliyet tabanlı maliyetleme temelinde bir örnek işletme uygulaması. (Yüksek Lisans Tezi), Sakarya Üniversitesi Cantrell, B. W., ve Dickinson, V. (2015). Leaders vs. Laggards: Operating and Market Performance Using Conditional Life Cycle. Laggards: Operating and Market Performance Using Conditional Life Cycle (November 15, 2015). Chang, H. S. (2015). Firm life cycle and detection of accrual-based earnings manipulation. University of Illinois at Urbana-Champaign. Chen, X., Yang, W., ve Huang, D. (2010). Corporate life cycle and the accrual model: An empirical study based on Chinese listed companies. Frontiers of Business Research in China, 4(4), 580-607. Chen, Y., Weston, J. F., ve Altman, E. I. (1995). Financial distress and restructuring models. Financial Management, 57-75. Chiang, S., Lee, P., ve Anandarajan, A. (2011). The influence of corporate governance on innovative success: a life cycle analysis. Paper presented at the Proceedings of the American Accounting Association’s Annual Meeting. Chiou, J., Lin, H., ve Syue, M. (2009). Life-cycle and Equity-Issue Announcement Effect. Paper presented at the American Accounting Association Annual Meeting and Conference, Boston. Cong, F., ve Xinyan, P. (2015). An Empirical Study on Identification of Corporate Life Cycle Phases. Canadian Social Science, 11(5), 48-52. Coulton, J. J., ve Ruddock, C. (2011). Corporate payout policy in Australia and a test of the life‐cycle theory. Accounting & Finance, 51(2), 381-407. 144 DeAngelo, H., DeAngelo, L., ve Stulz, R. M. (2006). Dividend policy and the earned/contributed capital mix: a test of the life-cycle theory. Journal of Financial economics, 81(2), 227-254. Dechow, P. M. (1994). Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals. Journal of accounting and Economics, 18(1), 3-42. Dickinson, V. (2011). Cash flow patterns as a proxy for firm life cycle. The Accounting Review, 86(6), 1969-1994. Drake, K. D. (2015). Does Firm Life Cycle Inform the Relation between Book-Tax Differences and Earnings Persistence? Available at SSRN 2547778. Drobetz, W., Halling, M., ve Schröder, H. (2015). Corporate Life-Cycle Dynamics of Cash Holdings. Swedish House of Finance Research Paper(15-07). Easton, P. D., ve Harris, T. S. (1991). Earnings as an explanatory variable for returns. Journal of Accounting Research, 19-36. Etemadi, H., ve Mougouie, F. R. (2015). Firms Life Cycle and Ohlson Valuation Model: Evidence from Iran. Asian Economic and Financial Review, 5(4), 641. Fallahi, S., Abbaszadeh, M. R., Nowghabi, M. H. V., ve Nooghabi, M. J. (2013). An Investigation of Intellectual Capital Changes during Company's Life Cycle: Evidence from Tehran Stock Exchange. development, 5(3). Fama, E. F., ve French, K. R. (2001). Disappearing dividends: changing firm characteristics or lower propensity to pay? Journal of Financial economics, 60(1), 3-43. Fama, E. F., ve MacBeth, J. D. (1973). Risk, return, and equilibrium: Empirical tests. The journal of political economy, 607-636. Feltham, G. A., ve Ohlson, J. A. (1995). Valuation and clean surplus accounting for operating and financial activities. Contemporary accounting research, 11(2), 689- 731. 145 Francis, J., Philbrick, D., ve Schipper, K. (1994). Shareholder litigation and corporate disclosures. Journal of Accounting Research, 137-164. Friedlan, J. M. (1994). Accounting choices of issuers of initial public offerings. Contemporary accounting research, 11(1), 1-31. Ghodrati, H., ve Nazemi, B. (2014). A comparative evaluation of relationship between institutional ownership and compositional performance indices in different stages of Iranian corporations’ life cycle. Management Science Letters, 4(3), 511-520. Gort, M., ve Klepper, S. (1982). Time paths in the diffusion of product innovations. The economic journal, 92(367), 630-653. Grabowski, H. G., ve Mueller, D. C. (1975). Life-cycle effects on corporate returns on retentions. the Review of Economics and Statistics, 400-409. Gregory, B. T., Rutherford, M. W., Oswald, S., ve Gardiner, L. (2005). An empirical investigation of the growth cycle theory of small firm financing. Journal of Small Business Management, 43(4), 382-392. Greiner, L. E. (1972). Evolution and revolution as organizations grow. Gujarati, D. N. (2009). Basic econometrics: Tata McGraw-Hill Education. Gül, C. B. (2004). Uluslararası ürün yaşam eğrisi teorisinin uygulanabilirliğine ilişkin ampirik bir araştırma. (Yüksek Lisans Tezi), Hacettepe Üniversitesi Hasan, M. M., ve Habib, A. (2015). Firm Life Cycle and Idiosyncratic Return Volatility. Available at SSRN. Hasan, M. M., Hossain, M., ve Habib, A. (2015). Corporate life cycle and cost of equity capital. Journal of Contemporary Accounting & Economics, 11(1), 46-60. Hayn, C. (1995). The information content of losses. Journal of accounting and Economics, 20(2), 125-153. Hsu, G., Suberi, A. Z. M., ve Wyatt, A. (2013). Earnings Quality Associations with Firm Fundamentals and Future Growth. British Accounting and Finance Association Conference. 146 Ivashkovskaya, I., Rukavishnikov, Y., ve Guschin, A. (2013). Capital Structure Choice at Different Life-Cycle Stages in Turbulent Environment: the Evidence from Russian Emerging Capital Market. Economic and Social Development: Book of Proceedings, 311. Jaafar, H. (2011). Accounting for intangible assets, firm life cycle and the value relevance of intangible assets. University of Tasmania. Jaafar, H., ve Halim, H. A. Refining the Firm Life Cycle Classification Method: A Firm Value Perspective. Jain, B. A., ve Kini, O. (1999). The life cycle of initial public offering firms. Journal of Business Finance & Accounting, 26(9‐10), 1281-1307. Jenkins, D. S., Kane, G. D., ve Velury, U. (2004). The impact of the corporate life-cycle on the value-relevance of disaggregated earnings components. Review of Accounting and Finance, 3(4), 5-20. Jensen, M. C. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate Finance, and Takeovers. American Economic Review, 76(2). Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 193-228. Kallunki, J.-P., ve Silvola, H. (2008). The effect of organizational life cycle stage on the use of activity-based costing. Management Accounting Research, 19(1), 62-79. Karafakıoğlu, M. (2012). Uluslararası Pazarlama Yönetimi. İstanbul: Beta Basım. Kavak, B. (1991). Ürün yaşam eğrisi ve uygulanabilirlik sorunları: Bir kavramsal yaklaşım alternatifi ve televizyon alıcısı mamulü örneğinde uygulanışı (Yüksek Lisans), Hacettepe Üniversitesi. Kavak, B., Tektaş, Ö. Ö., ve Eryiğit, C. (2016). Pazarlama. Kavas, S. (2007). Bir yüksek teknoloji ürünü olan yazılım ürününde ürün farklılaştırması stratejilerinin Türkiye'de uygulanması üzerine bir çalışma (Yüksek Lisans Tezi), Hacettepe Üniversitesi 147 Kim, B. (2003). Managing the transition of technology life cycle. Technovation, 23(5), 371-381. Kim, B., ve Suh, J. (2009). Financial life cycle and capital structure. Asia-Pacific Journal of Financial Studies. Kocaman, S., ve Güngör, İ. (2012). Destinasyonlarda Müşteri Temelli Marka Değerinin Ölçülmesi ve Marka Değeri Boyutlarının Genel Marka Değeri Üzerindeki Etkileri: Alanya Destinasyonu Örneği. Uluslararası Alanya İşletme Fakültesi Dergisi, 4(3). Koh, S., Durand, R. B., Dai, L., ve Chang, M. (2015). Financial distress: Lifecycle and corporate restructuring. Journal of Corporate Finance, 33, 19-33. Korkmaz, S., Öztürk, S. A., Eser, Z., ve Işın, F. B. (2009). Pazarlama: kavramlar-ilkelerkararlar: Siyasal Kitabevi. Kotler, P. (2009). Marketing management: A south Asian perspective: Pearson Education India. Kotler, P., ve Armstrong, G. (2010). Principles of marketing: pearson education. Lee, J.-S., Jiee, C.-H., ve Wei, C.-Y. (2012). Dose the Firm Life Cycle Matter on Idiosyncratic Risk? DOI: 10.7763/IPEDR. 2012. V54. 26. Lev, B., ve Zarowin, P. (1999). The Boundaries of Financial Reporting and How to Extend Them (Digest Summary). Journal of Accounting Research, 37(2), 353- 385. Liang, C.-J., ve Lin, Y.-L. (2008). Which IC is more important? A life-cycle perspective. Journal of Intellectual Capital, 9(1), 62-76. Liao, C.-H., Liu, J., ve Chia, Y.-P. (2014). The Effect of Business Strategy and Life Cycle on Myopic R&D Investment. Global Review of Accounting and Finance Vol. 5. No. 1. Pp. 107 – 131 148 Liu, M. M. (2006). Accruals and managerial operating decisions over the firm life cycle. Massachusetts Institute of Technology. Livnat, J., ve Zarowin, P. (1990). The incremental information content of cash-flow components. Journal of accounting and Economics, 13(1), 25-46. Loughran, T., ve Ritter, J. R. (1995). The new issues puzzle. The Journal of Finance, 50(1), 23-51. Mansfield, E. (1984). R&D and innovation: some empirical findings R&D, patents, and productivity (pp. 127-154): University of Chicago Press. Martinson, B. (2012). And the winner is! Corporate life cycle stage as an antecedent to CEO selection characteristics. American Journal of Business and Management, 1(4), 248-258. Massa, M., Rehman, Z., ve Vermaelen, T. (2007). Mimicking repurchases. Journal of Financial economics, 84(3), 624-666. Mikkelson, W. H., Partch, M. M., ve Shah, K. (1997). Ownership and operating performance of companies that go public. Journal of Financial economics, 44(3), 281-307. Miller, D., ve Friesen, P. H. (1983). Successful and unsuccessful phases of the corporate life cycle. Organization studies, 4(4), 339-356. Miller, D., ve Friesen, P. H. (1984). A longitudinal study of the corporate life cycle. Management Science, 30(10), 1161-1183. Moradi, J., Kanani, M. A., ve Zare, R. (2013). The influence of life cycle on financial and business risk in the firms listed in Tehran Stock Exchange. Global Business and Economics Research Journal, 2(5), 1-11. Moshtagh, F., Abbaszadeh, M. R., Nowghabi, M. H. V., ve Nowghabi, M. J. (2014). An Investigation of the Effect of Firm's Life Cycle Stages on Earning Quality: Evidence from Iran. Asian Journal of Research in Banking and Finance, 4(8), 109-122. Mucuk, İ. (2004). Pazarlama ilkeleri. Türkmen Kitabevi, İstanbul. 149 Mueller, D. C. (1972). A life cycle theory of the firm. The Journal of Industrial Economics, 199-219. Myers, S. C. (1977). Determinants of corporate borrowing. Journal of Financial economics, 5(2), 147-175. Myers, S. C., ve Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial economics, 13(2), 187-221. Nagar, N., ve Radhakrishnan, S. (2015). Firm Life Cycle and Real-Activity Based Earnings Management. Available at SSRN 2701680. Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary accounting research, 11(2), 661-687. Omrani, H., Rostami, K. H., Samadi, S., Margavi, A. K., Asadzadeh, H., ve Nazari, H. (2011). Corporate Life Cycle and the Explanatory Power of Risk Measures versus Performance Measures. Journal of Education and Vocational Research, 2(6), 199-206. Onkvisit, S., ve Shaw, J. J. (2004). International marketing: Analysis and strategy: Psychology Press. Oskouei, Z. H., ve Zadeh, R. B. H. (2015). Predicting the Future Stock Return by Emphasizing on Life Cycle Based on Cash Flow Statement. Growth, 20, 17. Owen, S., ve Yawson, A. (2010). Corporate life cycle and M&A activity. Journal of banking & finance, 34(2), 427-440. Rink, D. R., ve Swan, J. E. (1979). Product life cycle research: A literature review. Journal of business Research, 7(3), 219-242. Salehi, M., Valipour, H., ve Moradi, J. (2013). Moderating Effect on The Relationship Between A Companies's Life Cycle and the Relevance of Accounting Practices Intangible Assets. Asian Economic and Financial Review, 3(8), 1096. 150 Salehnejad, S. H., ve Shahiazar, M. A. (2014). The Relationship Between Capital Structure and the Life cycle listed in Tehran Stock Exchange. Kuwait Chapter of the Arabian Journal of Business and Management Review, 3(6), 76. Samadiyan, B., ve Rezaei, F. (2012). Investigating the relationship between stock prices and earnings quality using Leuz Parton-Simko and Penman models in firm's life cycle stages. Journal of Basic and Applied Scientific Research, 2(3), 2312-2324. Schipper, K., ve Vincent, L. (2003). Earnings quality. Accounting horizons, 17, 97-110. Seifert, B., ve Gonenc, H. (2012). Issuing and repurchasing: The influence of mispricing, corporate life cycle and financing waves. Journal of Multinational Financial Management, 22(3), 66-81. Selling, T. I., ve Stickney, C. P. (1989). The effects of business environment and strategy on a firm's rate of return on assets. Financial Analysts Journal, 45(1), 43-52. Shayan, M. (2013). Exploring the relationship between financial ratios and created shareholders value: A life cycle perspective. European Online Journal of Natural and Social Sciences, 2(3 (s)), pp. 195-206. Shi, C. (2003). On the trade-off between the future benefits and riskiness of R&D: A bondholders’ perspective. Journal of accounting and Economics, 35(2), 227-254. Shyu, J., ve Chen, Y.-L. (2009). Diversification, performance, and the corporate life cycle. Emerging Markets Finance and Trade, 45(6), 57-68. Spence, A. M. (1977). Entry, capacity, investment and oligopolistic pricing. The Bell Journal of Economics, 534-544. Spence, A. M. (1979). Investment strategy and growth in a new market. The Bell Journal of Economics, 1-19. Stepanyan, G. G. (2011). Firm life cycle and the choice of the form of payout. Available at SSRN 1632834. Stickney Clyde, P., ve Weil Roman, L. (2006). An Introduction to Concepts. Methods, and. 151 Sudarsanam, S., ve Lai, J. (2001). Corporate financial distress and turnaround strategies: An empirical analysis. British Journal of Management, 12(3), 183-199. Taylor, M., ve Taylor, A. (2012). The technology life cycle: Conceptualization and managerial implications. International journal of production economics, 140(1), 541-553. Teoh, S. H., Welch, I., ve Wong, T. J. (1998). Earnings management and the long‐run market performance of initial public offerings. The Journal of Finance, 53(6), 1935-1974. Thanatawee, Y. (2011). Life-cycle theory and free cash flow hypothesis: Evidence from dividend policy in Thailand. International Journal of Financial Research, 2(2). Torlak, Ö., ve Altunışık, R. (2009). Pazarlama stratejileri: yönetsel bir yaklaşım: Beta Basım Yayım Dağıtım AŞ. V. Kousenidis, D. (2005). Earnings–returns relation in Greece: some evidence on the size effect and on the life-cycle hypothesis. Managerial Finance, 31(2), 24-54. Vermaelen, T. (1981). Common stock repurchases and market signalling: An empirical study. Journal of Financial economics, 9(2), 139-183. Wang, M.-H., Ke, M.-C., Liu, D.-Y., ve Huang, Y.-S. (2011). Dividend policy and the life cycle hypothesis: Evidence from Taiwan. The International Journal of Business and Finance Research, 5(1), 33-52. Warusawitharana, M. (2014). Profitability and the Lifecycle of Firms. Available at SSRN 1568965. Wernerfelt, B. (1985). The dynamics of prices and market shares over the product life cycle. Management Science, 31(8), 928-939. Won, J., ve Ryu, S.-L. (2015). Operational Efficiency and Firm Life Cycle in the Korean Manufacturing Sector. Paper presented at the Current Research on Business VI. Proceedings of the 8th International Workshop, Jeju Island, Korea. Wruck, K. H. (1990). Financial distress, reorganization, and organizational efficiency. Journal of Financial economics, 27(2), 419-444. 152 Xu, B. (2007). Life cycle effect on the value relevance of common risk factors. Review of Accounting and Finance, 6(2), 162-175. Yazdanfar, D., ve Salman, A. K. (2012). The life cycle of growth path among micro firms: Swedish data. International Business Research, 5(10), 107. Yonpae, P., ve Chen, K. (2006). The effect of accounting conservatism and life-cycle stages on firm valuation. Journal of Applied Business Research, 22(3), 75. Yu, Y.-M., ve Jiang, S.-j. (2010). Corporate life cycle and share repurchases: Evidence from the Taiwan Stock Market. African Journal of Business Management, 4(14), 3139. Zhang, X. F. (2007). Accruals, investment, and the accrual anomaly. The Accounting Review, 82(5), 1333-1363. Zhipeng, Y. (2006). A New Methodology of Measuring Corporate Life-Cycle Stages. Waltham: Brandeis University. Zingales, L. (1995). Insider ownership and the decision to go public. The Review of Economic Studies, 62(3), 425-448. Zohrabi, M., Abdoli, M. R., ve Boujari, M. (2013). The Study of Working Capital Strategies in Life Cycle of Companies.tr_TR
dc.identifier.urihttp://hdl.handle.net/11655/3354
dc.description.abstractIn this study, firm life cycle theory derivated from life cycle concept in marketing and economics literature examined. Firm life cycle is a theory of companies due to their own internal and external factors which revealed that takes place in stages and is used frequently in recent years. In the study, 153 non – financial firms that operate in Istanbul Stock Exchange between the years 2006 – 2014 and 1353 firm – year observation is used. Anthony and Ramesh (1992) and Yonpae and Chen (2006) studies are based as firm life cycle classification methods in order to conduct the analysis. Firstly, how various financial indicators of companies change in different life cycle stages and what pattern they exhibit are examined in detail. Afterwards, Anthony and Ramesh (1992) model is used for assessing value relevance between stock returns and unexpected positive capital expenditure and sales growth in different life cycle stages. According to the results of the study, it is found that stock market response to two accounting performance measures, capital expenditure and sales growth is a function of firm life cycle stages. In addition, how industries influenced with the firm life cycle stages is also among the research topics.tr_TR
dc.description.tableofcontentsKABUL VE ONAY .......................................................................................................... i BİLDİRİM ....................................................................................................................... ii YAYIMLAMA VE FİKRİ MÜLKİYET HAKLARI BEYANI................................. iii ETİK BEYAN ................................................................................................................. iv ADAMA ........................................................................................................................... v TEŞEKKÜR ................................................................................................................... vi ÖZET .............................................................................................................................. vii ABSTRACT .................................................................................................................. viii İÇİNDEKİLER .............................................................................................................. ix TABLOLAR ................................................................................................................. xiv ŞEKİLLER ................................................................................................................... xvi GİRİŞ ............................................................................................................................... 1 1. BÖLÜM: YAŞAM EĞRİSİ KAVRAMI ............................................................... 6 1.1 ÜRÜN YAŞAM EĞRİSİ KAVRAMI ............................................................. 6 1.1.1 Ürün yaşam eğrisi evreleri .......................................................................... 7 1.1.1.1 Giriş evresi ........................................................................................... 8 1.1.1.2 Büyüme evresi ................................................................................... 10 1.1.1.3 Olgunluk evresi .................................................................................. 11 1.1.1.4 Düşüş evresi ....................................................................................... 12 1.1.2 Ürün yaşam eğrisinde özellikli durumlar .................................................. 14 1.1.3 Ürün yaşam eğrisinde evrelerin tespiti ...................................................... 14 1.1.4 Ürün yaşam eğrisine yönelik temel eleştiriler ........................................... 15 x 1.2 ULUSLARARASI ÜRÜN YAŞAM EĞRİSİ ............................................... 15 1.2.1 Uluslararası ürün yaşam eğrisinin aşamaları............................................. 16 1.3 TEKNOLOJİ YAŞAM EĞRİSİ .................................................................... 17 1.4 FİRMA YAŞAM EĞRİSİ .............................................................................. 19 1.4.1 Başlangıç evresi ........................................................................................ 19 1.4.2 Büyüme evresi ........................................................................................... 21 1.4.3 Olgunluk evresi ......................................................................................... 23 1.4.4 Düşüş evresi .............................................................................................. 24 1.5 FİRMA YAŞAM EĞRİSİ SINIFLANDIRMA YÖNTEMLERİ ............... 26 1.5.1 Anthony ve Ramesh (1992) sınıflandırma yöntemi .................................. 26 1.5.2 Yonpae ve Chen (2006) sınıflandırma yöntemi ........................................ 30 1.5.3 Anthony ve Ramesh benzeri diğer sınıflandırma yöntemleri ................... 31 1.5.3.1 Aharony ve diğerleri (2006) sınıflandırması ..................................... 31 1.5.3.2 Liu (2006) sınıflandırması ................................................................. 33 1.5.3.3 Jaafar ve Halim (2016) sınıflandırması ............................................. 35 1.5.3.4 Ivashkovskaya ve diğerleri (2013) sınıflandırması ............................ 38 1.5.3.5 Won ve Ryu (2015) sınıflandırması................................................... 39 1.5.4 Dickinson sınıflandırma yöntemi .............................................................. 40 1.5.5 De Angelo ve diğerleri (2006) sınıflandırma yöntemi .............................. 45 1.5.6 Sınıflandırma modelleri tablosu ................................................................ 47 2. BÖLÜM: FİRMA YAŞAM EĞRİSİ İLE İLGİLİ ÇALIŞMALAR ................. 50 2.1 TANIMLAYICI ÇALIŞMALAR ................................................................. 50 2.2 DEĞER İLİŞKİSİ İLE İLGİLİ ÇALIŞMALAR ........................................ 53 2.3 TAHAKKUKLARLA İLGİLİ ÇALIŞMALAR .......................................... 60 xi 2.4 KÂR KALİTESİ İLE İLGİLİ ÇALIŞMALAR .......................................... 63 2.5 FİRMA PERFORMANSI İLE İLGİLİ ÇALIŞMALAR ........................... 68 2.6 TEMETTÜ POLİTİKALARI İLE İLGİLİ ÇALIŞMALAR ..................... 73 2.7 RİSK İLE İLGİLİ ÇALIŞMALAR .............................................................. 77 2.8 DİĞER ALANLARLA İLGİLİ ÇALIŞMALAR ........................................ 80 2.8.1 Sermaye yapısı ile ilgili çalışmalar ........................................................... 80 2.8.2 Hisse senedi ihracıyla ilgili çalışmalar ...................................................... 83 2.8.3 Maddi olmayan duran varlıklarla ilgili çalışmalar .................................... 87 2.9 LİTERATÜR TABLOSU .............................................................................. 89 3. BÖLÜM: ARAŞTIRMA TASARIMI ................................................................. 93 3.1 ARAŞTIRMANIN AMACI VE ÖNEMİ ..................................................... 93 3.2 ÖRNEKLEM SEÇİMİ ................................................................................... 94 3.3 FİRMA YAŞAM EĞRİSİ İLE TEMEL MUHASEBE KALEMLERİNİN ARASINDAKİ İLİŞKİNİN İNCELENMESİ ........................................................ 95 3.3.1 Kârlılık göstergelerine yönelik bulgular ................................................... 95 3.3.2 Firma büyüklüğü göstergelerine yönelik bulgular .................................... 98 3.3.3 Likidite göstergelerine yönelik bulgular ................................................. 100 3.3.4 Nakit akış bileşenlerine yönelik bulgular ................................................ 102 3.3.5 Diğer muhasebe göstergelerine yönelik bulgular .................................... 105 3.4 FİRMA YAŞAM EĞRİSİ VE DEĞER İLİŞKİSİ UYGULAMASI ........ 111 3.4.1 Araştırmanın hipotezleri.......................................................................... 111 3.4.2 Araştırmada kullanılan model ve değişkenler ......................................... 113 3.4.3 Tanımlayıcı istatistiki bilgiler ................................................................. 117 3.4.4 Çok kriterli sınıflandırma yöntemi sonuçları .......................................... 118 xii 3.4.4.1 Anthony ve Ramesh (1992) sınıflandırma sonuçları ....................... 118 3.4.4.2 Yonpae ve Chen (2006) sınıflandırma sonuçları ............................. 122 3.4.5 Tek kriterli sınıflandırma yöntemi sonuçları........................................... 124 3.4.5.1 Satışlardaki büyüme kriteri sınıflandırma sonuçları ........................ 124 3.4.5.2 Sermaye harcamalarındaki büyüme kriteri sınıflandırma sonuçları 126 3.4.5.3 Temettü dağıtım oranı kriteri sınıflandırma sonuçları ..................... 128 3.4.5.4 Firma yaşı kriteri sınıflandırma sonuçları ........................................ 130 3.5 SEKTÖRLERİN FİRMA YAŞAM EĞRİSİ AÇISINDAN İNCELENMESİ 134 3.6 SONUÇ, DEĞERLENDİRME VE ÖNERİLER ....................................... 136 3.6.1 Genel değerlendirme ............................................................................... 136 3.6.2 Çalışmanın kısıtları ve öneriler ............................................................... 140 KAYNAKÇA ............................................................................................................... 142 EKLER ......................................................................................................................... 153 EK 1. ÖRNEKLEM ŞİRKET LİSTESİ ............................................................... 153 EK 2. GENEL SEKTÖR ANALİZİ ...................................................................... 157 EK 3. GENEL ŞİRKET ANALİZİ ........................................................................ 159 EK 4. ANTHONY VE RAMESH SINIFLANDIRMA YÖNTEMİ BÜYÜME SEKTÖRLERİ ........................................................................................................ 168 EK 5. YONPAE VE CHEN SINIFLANDIRMA BÜYÜME YÖNTEMİ SEKTÖRLERİ ........................................................................................................ 169 EK 6. ANTHONY VE RAMESH SINIFLANDIRMA YÖNTEMİ DÜŞÜŞ SEKTÖRLERİ ........................................................................................................ 171 EK 7. YONPAE VE CHEN SINIFLANDIRMA YÖNTEMİ DÜŞÜŞ SEKTÖRLERİ ........................................................................................................ 173 xiii EK 8. KÜMÜLATİF GETİRİ ANALİZ SONUÇLARI ...................................... 175 Ek 8.1 Anthony ve ramesh (1992) yöntemi çok kriterli sınıflandırma sonuçları .. 175 Ek 8.2 Yonpae ve Chen (2006) yöntemi çok kriterli sınıflandırma sonuçları ...... 176 Ek 8.3 Firma yaşı bireysel kriteri (Borsaya kote tarihi) ........................................ 177 Ek 8.4 Firma yaşı bireysel kriteri (Kuruluş tarihi) ................................................ 178 Ek 8.5 Temettü dağıtım oranı bireysel kriteri ....................................................... 179 Ek 8.6 Sermaye harcamalarındaki değişim bireysel kriteri .................................. 180 Ek 8.7 Satışlardaki büyüme bireysel kriteri .......................................................... 181 EK 9. TEZ ÇALIŞMASI ORJİNALLİK RAPORU ............................................ 183 EK 10. TEZ ÇALIŞMASI ETİK KURUL İZİN MUAFİYET FORMU ........... 184tr_TR
dc.language.isoturtr_TR
dc.publisherSosyal Bilimler Enstitüsütr_TR
dc.rightsinfo:eu-repo/semantics/openAccesstr_TR
dc.subjectFirma Yaşam Eğrisi Evreleritr_TR
dc.subjectDeğer İlişkisi
dc.subjectMuhasebe Performansı
dc.subjectİşletmeye Özgü Faktörler
dc.subjectFinansal Göstergeler
dc.titleMuhasebe Performansı ile Firma Yaşam Eğrisi Kavramı Arasındaki İlişki: Borsa İstanbul Uygulamasıtr_TR
dc.typeinfo:eu-repo/semantics/doctoralThesistr_TR
dc.description.ozetBu çalışmada, pazarlama ve iktisat literatüründeki yaşam eğrisi kavramından türetilen firma yaşam eğrisi teorisi incelenmiştir. Firma yaşam eğrisi, işletmelerin kendilerine özgü içsel ve dışsal faktörlerine bağlı olarak, hangi evrede yer aldıklarını ortaya koyan ve son yıllarda sıklıkla kullanılan bir teoridir. Araştırmada, 2006 – 2014 yılları arasında Borsa İstanbul’da faaliyet gösteren 153 finansal olmayan firma ve 1353 firma – yıl gözlemi kullanılmıştır. Analizlerin gerçekleştirilmesinde firma yaşam eğrisi sınıflandırma yöntemleri olarak Anthony ve Ramesh (1992) ve Yonpae ve Chen (2006) çalışmaları esas alınmıştır. İlk olarak farklı yaşam eğrisi evrelerinde, işletmelerin çeşitli finansal göstergelerinin nasıl değişiklik gösterdiği ve ne gibi bir örüntü sergilediği ayrıntılı bir şekilde incelenmiştir. Daha sonrasında hisse senedi getirileri ile beklenmeyen pozitif sermaye harcamaları ve satış büyüme hızı arasındaki değer ilişkisinin değerlendirilebilmesi için Anthony ve Ramesh (1992) modeli kullanılmıştır. Çalışmanın sonuçlarına göre iki muhasebe performans değişkeni olan sermaye harcamaları ve satış büyüme hızına hisse senedi piyasalarının tepkisinin firma yaşam eğrisi evrelerinin bir fonksiyonu olduğu tespit edilmiştir. Buna ek olarak, sektörlerin firma yaşam eğrisi evrelerinden nasıl etkilendiği de araştırma konuları arasında yer almaktadır.tr_TR
dc.contributor.departmentİşletmetr_TR
dc.contributor.authorID107131tr_TR


Bu öğenin dosyaları:

Bu öğe aşağıdaki koleksiyon(lar)da görünmektedir.

Basit öğe kaydını göster