FİNANSAL SIKINTININ MUHASEBE MANİPÜLASYONU İLE İLİŞKİSİ: BİST GELİŞEN İŞLETMELER PİYASASINDA BİR UYGULAMA
THE RELATIONSHIP BETWEEN FINANCIAL DISTRESS AND ACCOUNTING MANIPULATION: AN APPLICATION IN BIST DEVELOPING BUSINESS MARKET

Summary/Abstract: Accounting manipulation, also referred to as artificial price or artificial market creation; financial information and financial results of the users on the financial position to influence the perception is made. In this case, investors, who are the most important financial information users, remain the most important target of manipulation. Managers aim to create an optimistic in profit expectation ”in the minds of investors through accounting manipulation. Financial hardship on the other hand; it explains the inadequacy of the cash flow of enterprises to meet their current obligations. The last stage of this concept is to be bankrupt; refers to a process that leads businesses to various negativities. Therefore, the development of models for estimating these situations which cause many negativities is of great importance since it will allow enterprises to take measures and prevent them in time. At this point, Beneish M score from accounting-based manipulation prediction models; Altman Z score from financial distress prediction models is discussed.

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