Year 2013, Volume 13 , Issue 27, Pages 63 - 76 2013-09-01

THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS

Mustafa YILDIRAN [1] , Ahmet UZUN [2]


2008/09 Küresel finans krizinde bankacılık kesiminde aşırı borçlanma, menkul kıymetleştirme sorunları ve risk yönetimi başarısızlıkları öne çıkmıştır. Yine konut fiyatlarındaki balonların ve konut türevlerinden kaynaklanan sorunların krize neden olduğu iddia edilmektedir. Ayrıca finansal türevlerin değerlemesi ve bilanço dışı işlemler krizin muhasebe ile ilişkisini ortaya koymaktadır. Bu çalışma, küresel finans krizinin oluşmasında finans yöneticilerinin finans teorisinden kaynaklanan uygulamalarını ve muhasebe uygulamalarının etkisini analiz etmektedir. Finans yöneticilerini krize yönelten finans teorileri, sermaye yapısı, risk yönetimi, finansal türevler ve piyasa etkinliği alanlarından doğmuştur. Sonuçta finans yöneticilerinin teorilerden esinlenerek, kaldıraçlı işlemleri gereğinden fazla kullanması, risk yönetimi kurallarını esnetmesi, finansal türevlerle ilgili muhasebe ve denetimde uygulamaları riske maruz kullanması sorunları ortaya çıkmıştır
In 2008/09 global finance crisis, the problems of excessive borrowing and securitization, and risk management failures in the banking sector occurred. It is once more claimed that bubbles in housing prices and problems stemming from housing derivatives led to the crisis. In addition, the valuation of financial derivates and off-balance sheet transactions reveals the relationship between the crisis and accounting. This study has analyzed the role of accounting practices and the effect of finance managers' applications based on finance theory in the emergence of the global financial crisis. The effects of capital structure in finance theory, risk management, financial derivatives and market efficiency on the crisis are treated under separate headings. The study has shown that finance managers inspired by the financial theories have used excessively leveraged transactions and stretched the rules of risk management. As a result, risks in accounting and auditing practices related to financial derivatives have emerged
Other ID JA53ZS47RR
Journal Section Research Article
Authors

Author: Mustafa YILDIRAN

Author: Ahmet UZUN

Dates

Application Date : September 1, 2013
Acceptance Date : August 2, 2021
Publication Date : September 1, 2013

Bibtex @ { auiibfd359273, journal = {Akdeniz İİBF Dergisi}, issn = {1302-9975}, eissn = {2667-7229}, address = {AKDENİZ ÜNİVERSİTESİ İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ DEKANI DUMLUPINAR CAD. ANTALYA}, publisher = {Akdeniz University}, year = {2013}, volume = {13}, pages = {63 - 76}, doi = {}, title = {THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS}, key = {cite}, author = {Yıldıran, Mustafa and Uzun, Ahmet} }
APA Yıldıran, M , Uzun, A . (2013). THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS . Akdeniz İİBF Dergisi , 13 (27) , 63-76 . Retrieved from https://dergipark.org.tr/en/pub/auiibfd/issue/32330/359273
MLA Yıldıran, M , Uzun, A . "THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS" . Akdeniz İİBF Dergisi 13 (2013 ): 63-76 <https://dergipark.org.tr/en/pub/auiibfd/issue/32330/359273>
Chicago Yıldıran, M , Uzun, A . "THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS". Akdeniz İİBF Dergisi 13 (2013 ): 63-76
RIS TY - JOUR T1 - THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS AU - Mustafa Yıldıran , Ahmet Uzun Y1 - 2013 PY - 2013 N1 - DO - T2 - Akdeniz İİBF Dergisi JF - Journal JO - JOR SP - 63 EP - 76 VL - 13 IS - 27 SN - 1302-9975-2667-7229 M3 - UR - Y2 - 2021 ER -
EndNote %0 Akdeniz İİBF Dergisi THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS %A Mustafa Yıldıran , Ahmet Uzun %T THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS %D 2013 %J Akdeniz İİBF Dergisi %P 1302-9975-2667-7229 %V 13 %N 27 %R %U
ISNAD Yıldıran, Mustafa , Uzun, Ahmet . "THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS". Akdeniz İİBF Dergisi 13 / 27 (September 2013): 63-76 .
AMA Yıldıran M , Uzun A . THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS. Akdeniz İİBF Dergisi. 2013; 13(27): 63-76.
Vancouver Yıldıran M , Uzun A . THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS. Akdeniz İİBF Dergisi. 2013; 13(27): 63-76.
IEEE M. Yıldıran and A. Uzun , "THEORETICAL FUNDAMENTALS OF 2008 GLOBAL FINANCIAL CRISIS: INFLUENCE OF FINANCE AND ACCOUNTING APPROACHES ON THE CRISIS", Akdeniz İİBF Dergisi, vol. 13, no. 27, pp. 63-76, Sep. 2013