Insurance and Financial Risk Management

ABSTRACT The debt capacity of an asset is the maximum amount that can be borrowed using the asset as collateral. We model a sudden collapse in the debt capacity of good collateral. We assume short‐term debt that must be frequently rolled over, a small transaction cost of selling collateral in the event of default, and…

• TANJU YORULMAZER

We investigate the predictive performance of various classes of value-at-risk (VaR) models in several dimensions—unfiltered versus filtered VaR models, parametric versus nonparametric distributions, conventional versus extreme value distributions, and quantile regression versus inverting the conditional distribution f…

• VAHAP BURAK SALTOĞLU

During recent years, variables affecting the investment preferences of individual investors are an issue attracting the attention of financial researchers. In this research, we investigate variables which are affecting investment preferences of individual investors. Personality trait is not an important variable, but…

Financial risk tolerance is one of the important factors affecting the financial investment decisions of individuals and institutional investors and a crucial factor of financial planning and financial counseling. It is therefore necessary to determine the major determinants of risk tolerance. In this article, we rese…

• MAHMUT ÜNSAL ŞAŞMAZ
• ÖMER FARUK ÖZTÜRK
• YILMAZ BAYAR

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• GAMZE ÖZTÜRK DANIŞMAN

The contextual factors of a company, particularly age and size, are commonly argued to have important implications on its survival chances. The research presented in this paper explores these implications in the context of the construction industry by analyzing the age distribution of failed construction companies and…

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

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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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Crisis management is a process that includes catching and evaluating crisis signals and needs to take and implement necessary precautions in order to overcome a crisis with a minimal damage. Detecting the early warning signals of a crisis contributes firms to hinder the occurrence of the crisis and to survive without…

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