Risk Management in Financial Firms

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• OĞUZ ERSAN

ABSTRACT: We examine the impact of SFAS 133, Accounting for Derivative Instruments and Hedging Activities, on the reporting behavior of commercial banks and the informativeness of their financial statements. We argue that, because mandatory recognition of hedge ineffectiveness under SFAS 133 reduced banks' ability to…

Purpose To examine how companies are affected by economic crises, to assess the effects of marketing strategies on company performance in such conditions, and to identify those that can help companies to maintain successful performance despite turbulence in the operational environment. Design/methodology/approach A st…

The strategic importance of human resources (HR) and their contribution to the organizational performance are receiving increasing recognition worldwide. In this study, we examined strategic human resource management (SHRM) and HR practices in Turkey to assess the impact of these practices on financial/market performa…

• İBRAHİM SANİ MERT

This study investigates the firm-specific factors affecting the profitability of non-life insurance companies operating in Turkey. For this purpose, data of 24 non-life insurance companies operating in Turkey from the period 2006–2013 were brought together to obtain 192 observed panel data sets. In this study, profita…

• EMİNE ÖNER KAYA

We provide evidence on how investor valuation of derivative financial instruments differs depending upon whether the fair value of these instruments is recognized or disclosed. Expanded disclosures and accounting practices prior to SFAS No. 133 and mandatory recognition of derivative fair values after SFAS No. 133 pro…

After the crisis in November 2000 and February 2001, an important structural change occurred in financial sector especially in terms of banking in Turkey. It was tried to revise flaws with structural regulations of banking and financial supervision in the banking sector. Besides performance of banking field in the res…

• GÜLŞAH GENÇER ÇELİK

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The aim of this study is to identify the internal determinants of profitability of Turkish banks in the period of 2002-2009. The importance of the study derives from the fact that finding out the mentioned determinants is a necessity for both the managers of Turkish banks who successfully operates -even in times of fi…

• SAİM KILIÇ

ABSTRACT: We provide evidence on the effects of SFAS 133 on the risk relevance of accounting measures of bank derivative exposures to bond markets. First, we find that interest rate derivatives classified as hedging are more negatively associated with fixed-rate bond spreads after SFAS 133. We also find that hedging d…

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• CENGİZ YILMAZ

This paper examines use of financial derivatives (currency, interest rate and commodity) and its effect on firm value of non-financial Turkish firms for period of 2007–2013. Only 36.41% of companies in our sample use derivatives to hedge their currency, interest rate or commodity price risks. We have used Tobin's Q ra…

• SERHAT YANIK