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Derivatives Usage in Risk Management By Turkish Non-Financial Firms and Banks: A Comparative Study

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Listed:
  • Yakup, Selvi
  • Asli, Turel

Abstract

The 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.

Suggested Citation

  • Yakup, Selvi & Asli, Turel, 2010. "Derivatives Usage in Risk Management By Turkish Non-Financial Firms and Banks: A Comparative Study," MPRA Paper 29509, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:29509
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    File URL: https://mpra.ub.uni-muenchen.de/29509/2/MPRA_paper_29509.pdf
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    References listed on IDEAS

    as
    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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    More about this item

    Keywords

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

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M4 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting

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