Publication:
Explaining Risk Premium on Bank Bonds by Financial Ratios

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dc.contributor.authorsGursoy, Ovunc
dc.contributor.editorProchazka, D
dc.date.accessioned2022-03-12T16:23:45Z
dc.date.accessioned2026-01-10T18:33:07Z
dc.date.available2022-03-12T16:23:45Z
dc.date.issued2018
dc.description.abstractThis paper examines the relationship between the risk premium on bank bonds and banks' financial ratios. It also tries to show that bonds issued by banks with strong fundamentals offer less premium as they are perceived to be less risky by investors. Components of CAMELS rating methodology are used to establish the link between a bank's financial ratios and the risk premium on their bonds. Financial ratios of 11 Turkish banks, which issued bonds between the years 2012 and 2016, are calculated. This study investigates the links between bond premiums and financial ratios with k-means cluster and discriminant analysis. It also shows the importance of fundamentals on the level of risk premium paid to bond investors by banks.
dc.identifier.doi10.1007/978-3-319-68762-9_39
dc.identifier.eissn2198-7254
dc.identifier.isbn978-3-319-68762-9; 978-3-319-68761-2
dc.identifier.issn2198-7246
dc.identifier.urihttps://hdl.handle.net/11424/226033
dc.identifier.wosWOS:000450036900039
dc.language.isoeng
dc.publisherSPRINGER INTERNATIONAL PUBLISHING AG
dc.relation.ispartofIMPACT OF GLOBALIZATION ON INTERNATIONAL FINANCE AND ACCOUNTING
dc.relation.ispartofseriesSpringer Proceedings in Business and Economics
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectBank bonds
dc.subjectBond risk premium
dc.subjectCAMELS ratings
dc.subjectFinancial ratios
dc.subjectTurkish banks
dc.titleExplaining Risk Premium on Bank Bonds by Financial Ratios
dc.typeconferenceObject
dspace.entity.typePublication
oaire.citation.endPage364
oaire.citation.startPage357
oaire.citation.titleIMPACT OF GLOBALIZATION ON INTERNATIONAL FINANCE AND ACCOUNTING

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