{"id":5723,"date":"2022-07-23T18:42:35","date_gmt":"2022-07-23T15:42:35","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=5723"},"modified":"2022-07-23T23:17:37","modified_gmt":"2022-07-23T20:17:37","slug":"moderator-role-of-financial-leverage-in-the-relationship-of-asymmetric-information-and-firm-value-an-application-on-bist","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/moderator-role-of-financial-leverage-in-the-relationship-of-asymmetric-information-and-firm-value-an-application-on-bist","title":{"rendered":"Asimetrik Bilgi ve Firma De\u011feri \u0130li\u015fkisinde Finansal Kald\u0131rac\u0131n D\u00fczenleyici Rol\u00fc: B\u0130ST \u00dczerine Bir Uygulama"},"content":{"rendered":"<p><\/p>\n<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Dergi:<\/td>\n<td>Business and Economics Research Journal<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>Asimetrik Bilgi ve Firma De\u011feri \u0130li\u015fkisinde Finansal Kald\u0131rac\u0131n D\u00fczenleyici Rol\u00fc: B\u0130ST \u00dczerine Bir Uygulama<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Yazar(lar):<\/td>\n<td>Tu\u011fba Nur, Turhan Korkmaz<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Cilt:<\/td>\n<td>13<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Say\u0131:<\/td>\n<td>3<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Y\u0131l:<\/td>\n<td>2022<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Sayfa:<\/td>\n<td>449-463<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">ISSN:<\/td>\n<td>2619-9491<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">DOI Numaras\u0131:<\/td>\n<td>10.20409\/berj.2022.383<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\u00c7al\u0131\u015fmada Borsa \u0130stanbul (B\u0130ST) G\u0131da ve Perakende sekt\u00f6r\u00fcnde i\u015flem g\u00f6ren firmalarda asimetrik bilgi ile firma de\u011feri ili\u015fkisi ve asimetrik bilgi ile firma de\u011feri ili\u015fkisinde finansal kald\u0131rac\u0131n d\u00fczenleyici rol\u00fcn\u00fcn olup olmad\u0131\u011f\u0131n\u0131n panel veri analizi y\u00f6ntemi ile ara\u015ft\u0131r\u0131lmas\u0131 ama\u00e7lanm\u0131\u015ft\u0131r. Asimetrik bilgi de\u011fi\u015fkeni analistlerin tahminlerinin da\u011f\u0131l\u0131m\u0131, analistlerin tahmin hatas\u0131 ve analistlerin pay ba\u015f\u0131na getiri tahminlerinin da\u011f\u0131l\u0131m\u0131n sekt\u00f6r\u00fcn medyan tahmininden b\u00fcy\u00fck veya k\u00fc\u00e7\u00fck olmas\u0131na g\u00f6re olu\u015fturulan kukla de\u011fi\u015fken ile \u00f6l\u00e7\u00fclm\u00fc\u015ft\u00fcr. Asimetrik bilginin firma de\u011ferine olan etkisinde finansal kald\u0131ra\u00e7 de\u011fi\u015fkeninin d\u00fczenleyici rol\u00fcn\u00fcn olup olmad\u0131\u011f\u0131n\u0131n ara\u015ft\u0131r\u0131lmas\u0131 amac\u0131yla asimetrik bilgi x finansal kald\u0131ra\u00e7 \u015feklinde moderat\u00f6r (d\u00fczenleyici) de\u011fi\u015fkenler olu\u015fturulmu\u015ftur. Haftal\u0131k veriler kullan\u0131larak 10.06.2019-28.03.2022 d\u00f6nemi i\u00e7in ger\u00e7ekle\u015ftirilen analizler sonucunda asimetrik bilginin firma de\u011ferini negatif y\u00f6nde etkiledi\u011fi ve finansal kald\u0131rac\u0131n bu etki \u00fczerinde s\u0131n\u0131rl\u0131 bir d\u00fczenleyici rol\u00fc oldu\u011fu tespit edilmi\u015ftir. \u00c7al\u0131\u015fmada elde edilen bulgular mevcut ve potansiyel hissedarlar ve y\u00f6neticilerin alacaklar\u0131 kararlar a\u00e7\u0131s\u0131ndan \u00f6nemli olmakla birlikte, finansal kald\u0131rac\u0131n asimetrik bilgi \u00fczerinde d\u00fczenleyici rol\u00fcn\u00fcn s\u0131n\u0131rl\u0131 olmas\u0131n\u0131n dikkate al\u0131nmas\u0131 gerekti\u011fi s\u00f6ylenebilir.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Anahtar Kelimeler:<\/td>\n<td>Asimetrik Bilgi, Firma De\u011feri, Finansal Kald\u0131ra\u00e7, Panel Veri Analizi, B\u0130ST<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"120\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>C33, G32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=828\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 1840)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 1840)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5723\" class=\"pvc_stats all  \" data-element-id=\"5723\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 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Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Asimetrik Bilgi ve Firma De\u011feri \u0130li\u015fkisinde Finansal Kald\u0131rac\u0131n D\u00fczenleyici Rol\u00fc: B\u0130ST \u00dczerine Bir Uygulama Yazar(lar): Tu\u011fba Nur, Turhan Korkmaz Cilt: 13 Say\u0131: 3 Y\u0131l: 2022 Sayfa: 449-463 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2022.383 \u00d6z \u00c7al\u0131\u015fmada Borsa \u0130stanbul (B\u0130ST) G\u0131da ve Perakende sekt\u00f6r\u00fcnde i\u015flem g\u00f6ren firmalarda asimetrik [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5723\" class=\"pvc_stats all  \" data-element-id=\"5723\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-5723","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":149,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=5723"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=5723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=5723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=5723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}