HOW DOES THE USE OF DERIVATIVES AFFECT FIRMS’ FINANCIAL PERFORMANCE IN TURKISH NON-LIFE INSURANCE INDUSTRY?

Burak ALAN; Aslı AYBARS

doi:https://doi.org/10.29228/JORE.6

Makale detayları

HOW DOES THE USE OF DERIVATIVES AFFECT FIRMS’ FINANCIAL PERFORMANCE IN TURKISH NON-LIFE INSURANCE INDUSTRY?

Yazarlar:

Burak ALAN | Aslı AYBARS

Yayıncı:

Marmara University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Journal of Research in Economics 2021 Vol.5 Issue 2, pp.117-128

Belge Tipi:

Makale

Yayın Tarihi:

10/2021

Belge Dili:

İngilizce

Document ID (Org No.):

2000493589

Sıklık:

İki Yıllık

eISSN:

2636-8307

pISSN:

2636-8307

DOI:

https://doi.org/10.29228/JORE.6

Özet:

 

However, due to the ever-changing conditions in the financial markets, these instruments have further been used for speculative purposes and arbitrage opportunities. Nevertheless, this paper focuses on the influence of derivative usage for hedging purposes on the profitability of firms in the Turkish nonlife insurance industry. The data consists of 25 non-life insurance companies operating in Turkey from 2009 to 2019, inclusive. The findings based on panel data analysis reveal that derivative usage contributes to the firms’ financial performance measured by return on assets (ROA) in that firms that use derivatives demonstrate a 5% higher ROA figure in comparison to non-users.

Makale detayları

HOW DOES THE USE OF DERIVATIVES AFFECT FIRMS’ FINANCIAL PERFORMANCE IN TURKISH NON-LIFE INSURANCE INDUSTRY?

Yazarlar: Burak ALAN | Aslı AYBARS

Yayıncı: Marmara University

Ana Başlıklar: Ekonomi ve Maliye

Dergi: Journal of Research in Economics 2021 Vol.5 Issue 2, pp.117-128

Belge Tipi: Makale

Yayın Tarihi: 10/2021

Belge Dili: İngilizce

Document ID (Org No.): 2000493589

Sıklık: İki Yıllık

eISSN: 2636-8307

pISSN: 2636-8307

DOI: https://doi.org/10.29228/JORE.6

Sayı

Yazarlar:

Burak ALAN | Aslı AYBARS

Yayıncı:

Marmara University

Ana Başlıklar:

Ekonomi ve Maliye

Dergi:

Journal of Research in Economics 2021 Vol.5 Issue 2, pp.117-128

Belge Tipi:

Makale

Yayın Tarihi:

10/2021

Belge Dili:

İngilizce

Document ID (Org No.):

2000493589

Sıklık:

İki Yıllık

eISSN:

2636-8307

pISSN:

2636-8307

DOI:

https://doi.org/10.29228/JORE.6