Türk Ticaret Borsalarında Finansal Risk Toleransı

Bu makalenin ilk hali 24 Kasım 2021 tarihinde yayımlandı. https://dergipark.org.tr/tr/pub/iyd/article/973323

Düzeltme Notu

'Bu çalışma Abdullah Kılıçarslan'ın Prof. Dr. Osman Okka danışmanlığında hazırladığı” Ticaret Borsaları ve İslami Ticaret Borsalarında Risk Yönetiminde Bir Model Önerisi: Vadeli Ürün Satış Modeli” başlıklı doktora tezinden türetilmiştir'

Öz

Bu çalışma, ticaret borsalarının finansal risk toleransını ölçmek amacıyla satış salonu olan ve olmayan ticaret borsaları üzerinden karşılaştırmalı bir analiz yapmayı amaçlamaktadır. Ayrıca, çalışma kapsamında ticaret borsalarının risk algılamaları, gelecek beş yıl içerisinde faaliyetleri üzerinde etkili olabilecek riskler, risk stratejileri ve kullandıkları enstrümanlar tespit edilmekte, risk stratejileri ile kullanılan enstrümanlar arasındaki ilişki de incelenmektedir. Yapılan çalışma, ticaret borsalarının risk farkındalığının analiz edilmesi ve tescil kayıplarının önüne geçilmesi, borsaların kaynaklarını etkin şekilde yönetebilmesi, sunulan ürün ve hizmet kalitesinin iyileştirilmesi, borsaların bölgesel borsa çatısı altında bir araya gelerek sürdürülebilir rekabet avantajı elde edilmesi bağlamında yol gösterici sonuçlar ortaya konulması açısından önem arz etmektedir. Elde edilen bulgulara göre ticaret borsalarının gelecek beş yıl içerisinde faaliyetlerini etkileme bakımından söz konusu olabilecek risklerde ilk sırada üretim riski, son sırada ise insankaynakları riski yer almaktadır. Ticaret borsalarının finansal risk tolerans düzeyleri orta seviyelidir. Satış salonuna sahip olan borsalar ile satış salonu bulunmayan borsaların finansal risk toleransları arasında anlamlı bir fark bulunmamaktadır. Risk genellikle belirsizlik olarak algılanmaktadır. Risk ölçüm yöntemlerinde analitik yöntemler tercih edilmemektedir.

Anahtar Kelimeler

• Finansal Risk Toleransı
• Risk
• Ticaret Borsaları

Financial Risk Tolerance at Turkish Commodity Exchanges

Bu makalenin ilk hali 24 Kasım 2021 tarihinde yayımlandı. https://dergipark.org.tr/tr/pub/iyd/article/973323

Öz

This study aims to make a comparative analysis over commodity exchanges with and without a sales hall to measure the financial risk tolerance of commodity exchanges. The study also identifies the risk perceptions of the commodity exchanges, the risks that may affect their activities in the next five years, risk strategies and instruments they use, and examines the relationship between risk strategies and instruments used. This study is important in the context of delivering guiding results for analyzing the risk awareness of the commodity exchanges and preventing the loss of registration fee, managing the resources of exchanges efficiently, improving the quality of the products and services offered and bringing together exchanges under the regional exchange to provide sustainable competitive advantage. Based on the findings, production risk ranks first and human resources risk ranks last for the risks regarding affecting the operations of commodity exchanges in the next five years. Financial risk tolerance levels of commodity exchanges are moderate. There is no significant difference between the financial risk tolerances of the exchanges that have sales halls and those that do not have a sales hall. Risk is often perceived as uncertainty. Analytical methods are not preferred in risk measurement methods.

Anahtar Kelimeler

• Financial Risk Tolerance
• Risk
• Commodity Exchanges

Kaynakça

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