Berk ÇAĞDAŞ, Cudi Tuncer GÜRSOY

Şirketlerde finansal risk yönetimi amaçlı bir modelin geliştirilmesi yöntem ve aşamaları

Başarılı bir şirket aynı zamanda risklerini de iyi yönetebilen bir şirkettir. Bu çalışmanın konusu fınansal risklerin, bir şirketin mali yapısı üzerindeki etkilerinin ölçülmesi, yönetilmesi, kontrol edilmesi işlevlerine yönelik, bir risk yönetimi modelinin nasıl geliştirilebileceği yönünde bir öneride bulunmak ve fikir vermektir. Finansal risklerin yıkıcı etkilerinden korunmak için, risk faktörlerinin mali yapıyı nasıl etkilediğini bulmak gereklidir. Risk ölçümlemesinin doğru yapılması, şirketin ticari hareketlerle değişen standart bir risk yönetimi aktif ve pasif nakit akışına sahip olması ile mümkündür. Bu bazdan hareketle firmanın taşıdığı döviz pozisyonu, faiz ve likidite pozisyonu hesaplanarak, döviz, faiz oranı ve likidite risklerinin varlığı ve büyüklükleri tespit edilebilir.

Phases of a model developing applicable for financial risk management of companies

A successful company is one which is able to manage its risks. All types of financial risk can successfully be managed by an algorithmic system approach and by a risk management model carefully developed for the specific needs of the company. The main focus is mainly on financial risk in this study and a risk management model has been developed to manage and effectively control of financial risk. There is no doubt that this risk must have been managed to control volatility and to provide financial consistency on the companies' financials. The main definition of risk management in this study has been made as to measure the sensitivity of the financial structure of the company, against the fluctuations of market variables such as interest rates, devaluation, inflation and cross rates; to definition and calculation of company 's devaluation, interest rate and liquidity risks carried on the financial structure; to hedge the financial risks by using the most available and perfect matching risk management derivative products and methodologies, to monitor the volatility of market variables (parameters) and their impact on the financial structure and to develop models and algorithms those will deal with the underlined functions. In this study, a model design which is parallel to this definition has been made, and the model has been developed from its theoretical base through the practical usage.

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