Assessing financial risk management in local governments: Case of Istanbul Metropolitan Municipality (IMM)
Yükleniyor...
Dosyalar
Tarih
2020
Yazarlar
Asan, Yunus Emre
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Busssecon International
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The purpose of this study is to examine the 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 indicate that (i) risk of dependence on shares from the central budget revenue; (ii) 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.
Açıklama
Anahtar Kelimeler
Financial Risk, Financial Risk Management, Istanbul Metropolitan Municipality, Corporate Governance, Accounting
Kaynak
International Journal of Business Ecosystem & Strategy
WoS Q Değeri
Scopus Q Değeri
Cilt
2
Sayı
4
Künye
Aksoy, T. ve Asan, Y. E. (2020). Assessing financial risk management in local governments: Case of Istanbul Metropolitan Municipality (IMM). International Journal of Business Ecosystem and Strategy, 2(4), 10–23.
