Yazar "Ozcelik, Musa" seçeneğine göre listele

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    The Impact of Firms' Carbon Emissions on Financial Performance and the Role of Innovation: Evidence from Türkiye
    (Mehmet Akif Ersoy Univ, 2024) Aydingulu Sakalsiz, Seren; Ozcelik, Musa
    Carbon emissions, one of the main causes of climate change and environmental degradation, have recently become extremely important. In parallel, firms' disclosure of their environmental performance and activities to reduce carbon emissions are viewed positively by stakeholders and society. The question arises whether firms' activities to reduce carbon emissions create additional costs for firms or reduce their costs. In this study, we investigate the relationship between carbon emissions and firms' financial performance. We also examine the moderating effect of innovation on the relationship between carbon emissions and financial performance. The lack of a study on developing countries reveals the importance of this study. Within the scope of the analysis, 14 firms in the BIST Sustainability Index with carbon emissions and innovation data between 2017-2021 were included. Using the random effects model, we find that carbon emissions have a negative effect on firms' return on assets and return on equity, and this negative effect turns positive with innovation. On the other hand, no statistically significant effect was found between Tobin's q value and carbon emissions and innovation. The study shows that firms should adopt proactive environmental strategies and organize their resources and investments to manage their financial performance well.
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    Öğe
    The measurement of fraud perception of investors and the mediating effect of risk aversion: the case of crypto assets
    (Emerald Group Publishing Ltd, 2024) Ozcelik, Musa; Kurt, Ganite
    PurposeThis study aims to gain a new perspective on auditing by measuring investors' fraud perception and to reveal the necessity of increasing individuals' fraud perception by determining the effect of fraud perception on the intention to invest in crypto assets from the investor's perspective.Design/methodology/approachAs part of this quantitative research, a survey was conducted on individuals residing in T & uuml;rkiye and aged 18 years and above through a convenience sampling method. A total of 446 participants were included in the study. The data collected was analyzed using the partial least squares-variance based structural equation modeling (PLS-SEM) method using the SmartPLS program.FindingsFraud perception causes individuals to be more risk-averse and reduces their intention to invest in crypto assets. At the same time, it has been observed that risk-averse individuals have lower intention to invest in crypto assets. According to the results of the mediating effect analysis, risk aversion behavior partially mediates between the fraud perception and the intention to invest in crypto assets. Among the emotions, only fear increases risk aversion behavior. Among the personality traits, extroversion and openness to experience personality traits reduce risk aversion behavior, whereas neuroticism personality traits increase the intention to invest in crypto assets.Originality/valueIn an environment where traditional auditing activities are insufficient, increasing investors' perceptions of fraud can reduce fraud-related losses. In this context, to the best of the authors' knowledge, the present study might be among the first to investigate the impact of individuals' perceptions of fraud on their investment intentions in crypto assets.