The Relationship between Credit Default Swaps and Net Portfolio Investments: The Case of Turkey

Nar, Mehmet Şükrü

doi:10.13189/ujaf.2021.090215

Cited by 3 publications

(3 citation statements)

References 13 publications

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“…The low level of liquidity encourages managers to commit financial statement fraud because they feel pressured, so they will do various ways to make it look as if the company seems good by manipulating it [6,22,26]. According to [23,44], companies with liquidity problems have a significantly greater error rate in their financial statements than companies that do not face liquidity problems.…”

Section: Research Findingsmentioning

confidence: 99%

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Predicting Fraudulent Financial Statement Risk: The Testing Dechow F-Score Financial Sector Company Inindonesia

Nurcahyono¹,

Hanum²,

Kristiana³

et al. 2021

ujaf

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This study aims to empirically examine the factors that can be used to detect the risk of Fraudulent financial statements. Fraudulent financial statement is an interesting topic to study, because it has a huge impact on business sustainability and the country's economy may become a crisis. The research population is the financial sector companies listed on the Indonesia Stock Exchange in 2018-2021. The sampling technique uses purposive sampling. The number of companies that meet the sample criteria is 76 companies, so there are 228 observations. Data analysis used Moderated Regression Analysis for hypothesis testing. The results show that companies which provide shares for managers and streamline the role of the whistleblowing system and audit committee will prevent companies from committing fraud, because they act as internal controls. Auditor switching and management arrogance are early indicators that can be used for fraud detection, because the strategy of management is to hide crimes. Financial ratios are certainly the easiest indicator to detect fraudulent financial statements risk, profitability, liquidity, and solvency of a company that is small or minus will encourage management to commit fraud so that the company looks good. Also, organizational culture can reduce the risk of fraudulent financial statements if it is properly internalized.

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Section: Research Findingsmentioning

confidence: 99%

“…Profitability measures the management's ability and efficiency in the use of company assets to generate net income. The larger ratio means that the company's condition is getting better [14,44]. This ratio has a negative relationship with the possibility of fraudulent financial statements of a company.…”

Section: Research Findingsmentioning

confidence: 99%

Predicting Fraudulent Financial Statement Risk: The Testing Dechow F-Score Financial Sector Company Inindonesia

Nurcahyono¹,

Hanum²,

Kristiana³

et al. 2021

ujaf

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“…Access to credit from banking institutions is a common issue in the field. Making it easier for people who do not have access to formal financial services to use them is now a top priority in all countries and regions [7,8].…”

Section: Introductionmentioning

confidence: 99%

Does Asymmetric Information Perception Relate to MSMEs’ Access to Banking Credit?

Maesaroh,

Rahayu,

Wibowo

et al. 2023

Advances in Economics, Business and Management Research

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One of the problems faced by MSMEs in Indonesia is related to finance. MSMEs experience obstacles, especially in obtaining loan funds for business operations. This study analyzed the factors that determine MSMEs' access to formal credit from banks. The research method used was path analysis to test a theory-based model of causal, direct, and indirect relationships among financial literacy, the proportion of owned capital, use of fintech, asymmetric information perception, and access to bank credit. The results showed that the asymmetric perception of information positively and significantly mediated the relationship between the effect of financial literacy and the proportion of own capital on access to bank credit. Meanwhile, asymmetric information perception did not affect the mediation of the relationship between fintech use and access to bank credit. This study showed that reducing information asymmetry can be done to increase MSME access to credit.

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The Relationship Between Foreign Portfolio Investments and CDS in Turkey: A Review for the Period 2008- 2021

Uğur

Bingöl²

2023

Finans Ekonomi Ve Sosyal Araştırmalar Dergisi

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Yabancı portföy yatırımları hem yatırımcılar hem de yatırımı alan ev sahibi ülke için önemli bir kaynak haline gelmiştir. Yabancı portföy yatırımlarının ülkeye girişinde yatırımcılar özellikle ülke riskini göz önünde bulundurmaktadırlar. Ülke risk göstergesi olarak da CDS kullanılmaktadır. Bu nedenle ülke riski ve yabancı portföy yatırımları ilişkisinin incelenmesi önemli bir araştırma konusu olmuştur. Çalışmada, Türkiye'de CDS ile portföy yatırımları arasındaki ilişki incelenmiştir. Ayrıca portföy yatırımlarını oluşturan enstrümanlar olan hisse senetleri ve borç senetlerinin CDS ile ilişkisi ayrı ayrı analiz edilmiştir. 2008: Q1- 2021: Q4 dönemine ait verilere öncelikle KPSS ve Fourier KPSS birim kök testleri daha sonra geleneksel ve Fourier nedensellik testleri uygulanmıştır. Analiz sonucunda CDS ile portföy yatırımları ve hisse senetleri arasında çift yönlü nedensellik, CDS' den borçlanma senetlerine doğru tek yönlü nedensellik bulunmuştur. Sonuçlar, Türkiye'de CDS yükseldiğinde portföy yatırımlarının ülkeyi terk edebileceği, portföy yatırımlarının çıkışlarının da CDS' nin yükselmesine neden olabileceği anlamı taşımaktadır.

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The Relationship between Credit Default Swaps and Net Portfolio Investments: The Case of Turkey

Cited by 3 publications

References 13 publications

Predicting Fraudulent Financial Statement Risk: The Testing Dechow F-Score Financial Sector Company Inindonesia

Predicting Fraudulent Financial Statement Risk: The Testing Dechow F-Score Financial Sector Company Inindonesia

Does Asymmetric Information Perception Relate to MSMEs’ Access to Banking Credit?

The Relationship Between Foreign Portfolio Investments and CDS in Turkey: A Review for the Period 2008- 2021

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