Türev Ürün Yatırım Oranı İle Likidite Riski Arasındaki İlişki: Bist İmalat Sektörü Üzerine Bir Araştırma
The Relationship between Derivatives Using and Liquidity Risk: An Evidence from Turkiye Manufacturing Sector

Author(s): Adem Ruhan Sönmez
Subject(s): Business Economy / Management, International relations/trade, Financial Markets
Published by: Özgür Yayın Dağıtım Ltd. Şti.
Keywords: Turkey; Manufacturing Sector; Derivatives;
Summary/Abstract: In this study, the data of 71 companies in the manufacturing sector and whose stocks are traded in Borsa Istanbul for the years 2012-2021, the effect of derivative investment on liquidity risk was investigated. The dependent variable of the study is Acid-Test Ratio, and the independent variable is Derivative Instruments/Total Assets. As a result of the analysis, a positive relationship was found between the derivative instruments investment rate and the liquidity risk. Accordingly, it has been observed that the increase in the derivative product investment of the companies increases the Acid-Test Ratio, thus reducing the liquidity risk.

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