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Derivatives Usage In Risk Management By Turkish Non-Financial Firms And Banks: A Comparative Study

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  • Yakup Selvi

    (Istanbul University School of Business)

  • Aslı Türel

    (Istanbul University School of Business)

Abstract

The purpose of this study to compare the previous research about how the non-finan cial companies listed in the Istanbul Stock Exchange (ISE) and deposit banks in Turkey havedisclosed information regarding the usage of derivatives, and the accounting treatment of thesederivatives. The results of these studies indicate that banks and the non-financial companies listedin the ISE-100 Indices, which represent 86 % of the market capitalization, use derivatives mainlyfor hedging purposes. However, the evidence that they usually prefer reporting their gains/lossesarising from these transactions as held for trading instead of applying hedge accounting ,since they could not meet the compulsory criterions described in the IAS 39.

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Bibliographic Info

Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

Volume (Year): 2 (2010)
Issue (Month): 12 ()
Pages: 19

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Handle: RePEc:alu:journl:v:2:y:2010:i:12:p:19

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Keywords: Derivative Instruments; IAS 39; IFRS 7; Hedge Accounting;

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  1. Gordon M. Bodnar & Gregory S. Hayt & Richard C. Marston, 1998. "1998 Wharton Survey of Financial Risk Management by US Non-Financial Firms," Financial Management, Financial Management Association, vol. 27(4), Winter.
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