Macro Signals in Micro Numbers: The Informational Role of Aggregate Earnings in Forecasting GDP Growth for Turkish Market
22. Uluslararası Muhasebe Konferansı, Lefkoşa, Cyprus (Kktc), 9 - 12 September 2025, (Unpublished)
- Publication Type: Conference Paper / Unpublished
- City: Lefkoşa
- Country: Cyprus (Kktc)
- Dokuz Eylül University Affiliated: Yes
Abstract
The study aims to determine the extent to which the
increase in aggregate earnings is effective in predicting the GDP growth rates.
By including different perspectives in the analysis, the impact of TFRS adoption,
the comparison of predictive abilities of profits and losses, by decomposing
aggregate earnings into accruals and cash which component has more predictive
power, and finally, whether this relationship varies between sectors are
evaluated. In order to conduct these analyses, annual data of the companies
whose shares are traded on Borsa Istanbul for the period between 2000 and 2024
are used.