The development of financial risk performance of Istanbul Metropolitan Municipality (IMM) between the years 2008-2018

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dc.authorid0000-0001-6483-4547
dc.contributor.authorAsan, Yunus Emre
dc.contributor.authorAksoy, Tamer
dc.contributor.otherYönetim Bilimleri Fakültesi, İşletme Bölümü
dc.date.accessioned2020-11-06T09:18:19Z
dc.date.available2020-11-06T09:18:19Z
dc.date.issued2020
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İşletme Bölümü
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İşletme Ana Bilim Dalı
dc.description.abstractThe purpose of this study is to examine impact of the financial risks local governments are exposed to within the scope of financial risk management practices. Istanbul Metropolitan Municipality (IMM) was selected for this study because it is the largest local government with the highest budget. In the study, the development of financial risk performance of IMM between the years 2008-2018 was examined in the light of the risks IMM is exposed to. The main results regarding the risks faced by IMM during the period are as follows: Financial data obtained from the financial statements of IMM were used to examine the performance of listed risks& effects they have on the budget of IMM. The results of the analyses is briefed as follows: Risk of Dependence on Shares from the central budget revenue: It was observed that IMM was directly dependent on the central budget in terms of revenues, so in this period, the risk of dependency was high in terms of counterparty risk. Risk of Dependence on the Rating Grade: It was understood that restriction of not passing the country score was still valid in practice and there was a risk of dependence on IMM's rating score. Borrowing& Exchange Rate Risk: IMM had borrowing risk because a significant portion of its total borrowing consists of foreign borrowing so it was significantly affected by increase in exchange rate and it was exposed to additional debt burden, hence the existence of exchange rate risk. Interest Rate Risk: It was understood that IMM was exposed to interest rate risk arising from fluctuations in rate. It was observed that debt burden of the IMM was affected to a certain extent. Credit& Liquidity Risk: It is understood that there is a liquidity risk. The credit& liquidity risks may be valid in upcoming period. Maturity Risk: It is observed that there wasn’t maturity risk regarding maturity structures. Resource Risk: It is noteworthy that IMM has a resource risk in terms of sustaining& completing the investments undertaken. Seizure& Collaterals Risk: It was understood that IMM was exposed to this. In conclusion, various evaluations& suggestions were made for establishment of a financial risk management unit by IMM for effective management of financial risk.
dc.identifier.citationAksoy, T. ve Asan, Y. E. (2020). The development of financial risk performance of Istanbul Metropolitan Municipality (IMM) between the years 2008-2018. 33rd EBES Conference Proceedings Book (Volume II) içinde (1291-1306. ss.). Madrid: EBES Publications.
dc.identifier.endpage1306
dc.identifier.isbn9.78606E+12
dc.identifier.startpage1291
dc.identifier.urihttps://hdl.handle.net/20.500.12154/1270
dc.institutionauthorAksoy, Tamer
dc.institutionauthorid0000-0001-6483-4547
dc.language.isoen
dc.publisherEBES Publications
dc.relation.ihupublicationcategory196
dc.relation.ispartof33rd EBES Conference Proceedings Book (Volume II)
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanı
dc.relation.publicationcategoryĂ–Äźrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectFinancial Risk Management
dc.subjectFinancial Risk
dc.subjectThe Istanbul Metropolitan Municipality (IMM)
dc.subjectCorporate Governance
dc.subjectAccounting
dc.titleThe development of financial risk performance of Istanbul Metropolitan Municipality (IMM) between the years 2008-2018
dc.typeConference Object
dspace.entity.typePublication
relation.isAuthorOfPublicationbbc73b61-a694-4832-936e-e3747e3f0cf6
relation.isAuthorOfPublication.latestForDiscoverybbc73b61-a694-4832-936e-e3747e3f0cf6
relation.isOrgUnitOfPublicationc9253b76-6094-4836-ac99-2fcd5392d68f
relation.isOrgUnitOfPublication.latestForDiscoveryc9253b76-6094-4836-ac99-2fcd5392d68f

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