Benford’s Law and Digital Analysis: Application on Turkish Banking Sector

Gokhan Ozer () and Burak Babacan
Additional contact information
Gokhan Ozer: Gebze Institute of Technology
Burak Babacan: Kapsam CPA LLC

Business and Economics Research Journal, 2013, vol. 4, issue 1, 29

Abstract: We investigate the effectiveness of Benford’s Law through a digital analysis of the off-balance sheet account disclosures made by Turkish Banks during the 1990-2010. We found that off-balance sheet account disclosures of the fiscal term 1999 doesn’t comply with Benford’s Law. Our finding is consistent with the Turkish Banks’ practices. We also provide evidence on “The Law of Anomalous Numbers”. Our results indicate a link between economic policy and deviation from frequencies of Benford’s Law.

Keywords: Benford’s Law; Digital analysis; Banking sector; Fraud investigation (search for similar items in EconPapers)
JEL-codes: G21 M42 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.berjournal.com/benford%e2%80%99s-law-an ... rkish-banking-sector Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0108

Access Statistics for this article

Business and Economics Research Journal is currently edited by Adem Anbar

More articles in Business and Economics Research Journal from Uludag University, Faculty of Economics and Administrative Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Adem Anbar ().