Derivatives Usage In Risk Management By Turkish Non-financial Firms And Banks: A Comparative Study
| Autor: | Yakup Selvi, Aslı Türel |
|---|---|
| Rok vydání: | 2010 |
| Předmět: |
Market capitalization
Finance Hedge accounting business.industry Turkish Accounting General Medicine jel:G32 language.human_language jel:M41 Accounting information system Management accounting IAS 39 language Derivative Instruments IAS 39 IFRS 7 Hedge Accounting business Stock (geology) Risk management |
| Zdroj: | Annales Universitatis Apulensis Series Oeconomica. 2:663-671 |
| ISSN: | 2344-4975 1454-9409 |
| DOI: | 10.29302/oeconomica.2010.12.2.19 |
| Popis: | The purpose of this study to compare the previous research about how the non- financial companies listed in the Istanbul Stock Ex change (ISE) and deposit banks in Turkey have disclosed information regarding the usage of deriva tives, 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 th ey usually prefer reporting their gains/losses arising from these transactions as "held for tradin g" instead of applying "hedge accounting", since they could not meet the compulsory criterions described in the IAS 39. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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