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Securitization as a Financial Tool and Its Accounting

Author

Listed:
  • Hülya Boydaş Hazar

    (İstanbul Aydin University)

  • Nurgün Komşuoğlu Yılmaz

    (İstanbul Aydin University)

Abstract

In this study, the types of securitization, which is an important financial instrument, related parties, accounting, positive and negative effects on the economy are examined. Securitization is the conversion of illiquid assets into securities through financial engineering and selling those securities or the cash flow which will be provided by them. In Turkey, this method is used mostly by banks. Securitization is a complex activity and its accounting applications are related to several standards. The purpose of this study is to set forth an important but complex financial tool and clarify the related accounting practices. The contribution of this work is highlighting the importance of securitization for the financial system and interpreting the related Turkish Accounting Standards with respect to the types of securitization.

Suggested Citation

  • Hülya Boydaş Hazar & Nurgün Komşuoğlu Yılmaz, 2019. "Securitization as a Financial Tool and Its Accounting," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 34(111), pages 319-340, April.
    • Handle: RePEc:acc:malfin:v:34:y:2019:i:111:p:319-340
    DOI: https://doi.org/10.33203/mfy.525834
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    More about this item

    Keywords

    Securitization; Banking; TFRS 10; TAS 39; Financial Tools;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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