Derivatives Usage in Risk Management By Turkish Non-Financial Firms and Banks: A Comparative Study
AbstractThe purpose of this study to compare the previous research about how the nonfinancial companies listed in the Istanbul Stock Exchange (ISE) and deposit banks in Turkey have disclosed information regarding the usage of derivatives, and the accounting treatment of these derivatives. The results of these studies indicate that banks and the non-financial companies listed in the ISE-100 Indices, which represent 86 % of the market capitalization, use derivatives mainly for hedging purposes. However, the evidence that they usually prefer reporting their gains/losses arising 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 InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 29509.
Date of creation: 2010
Date of revision:
Derivative Instruments; IAS 39; IFRS 7; Hedge Accounting;
Other versions of this item:
- Yakup Selvi & AslÄ± TÃ¼rel, 2010. "Derivatives Usage In Risk Management By Turkish Non-Financial Firms And Banks: A Comparative Study," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(12), pages 19.
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
- M4 - Business Administration and Business Economics; Marketing; Accounting - - Accounting
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- 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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