The Effect of Deferred Tax Assets on Bank Value: A Research on BIST Bank Index

In the study, the effect of the deferred tax asset arising from the implementations between the accounting system and tax legislation on the bank value of the firms registered in the BIST Bank Index has been examined within the scope of the period 2009:Q1-2019:Q4. For this purpose, in this study, the effect of deferred tax asset on bank value is investigated by using two different models. These are the market value model, which measures the market value of banks by proportioning the market value of banks' stocks to their book value, and the Ohlson model, which takes into account the ratio of the stock price to the number of stocks. In this context, as a result of the panel regression analysis performed according to the method of Driscoll and Kraay, it has been determined that deferred tax assets have a statistically significant positive effect on the bank value in both models.