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Özer, G and Babacan, B (2013)

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

Business & Economics Research Journal Vol. 4 Issue 1, pp. 29-41.

ISSN/ISBN: 1309-2448 DOI: Not available at this time.

Abstract: We investigate the effectiveness of Benford’s Law through an 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.

@article{, title={Benford’s Law and Digital Analysis: Application on Turkish Banking Sector}, author={{\"O}zer, G{\"o}khan and Babacan, Burak}, journal={Business and Economics Research Journal}, volume={4}, number={1}, pages={29--41}, year={2013}, ISSN={1309-2448}, URL={}, }

Reference Type: Journal Article

Subject Area(s): Accounting, Economics