The Relationship between Derivatives Using and Liquidity Risk: An Evıdence from Turkiye Manufacturing Sector
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Kırcı Altınkeski,
B.
&
Buğan,
M.
F.
(eds.)
2023.
Evolution of Financial Markets: Banking, Risk Management, Markets and Institutions.
Synopsis
In this study, the data of 71 companies in the manufacturing sector and whose stocks are traded in Borsa Istanbul for the years 2012-2021, the effect of derivative investment on liquidity risk was investigated. The dependent variable of the study is Acid-Test Ratio, and the independent variable is Derivative Instruments/Total Assets. As a result of the analysis, a positive relationship was found between the derivative instruments investment rate and the liquidity risk. Accordingly, it has been observed that the increase in the derivative product investment of the companies increases the Acid-Test Ratio, thus reducing the liquidity risk.
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Copyright (c) 2023 Emine Beyza Satoğlu- Batuhan Medetoğlu- Selahattin Bektaş- Meltem Keskin- Fikri Kaplan- Akile Demirsıkan- Yavuz Demirdöğen- Remzi Gök- İsmail Tuna- Mevlüt Camgöz- Mehmet Göl- Mehmet Bükey- Emrah Keleş- Gizem Vergili- Hasan Alpago- Adem Ruhan Sönmez- Muhammed Emin Durmuş- Bilal Akkaynak; Buket Kırcı Altınkeski- Mehmet Fatih Buğan