Altıok Yılmaz, Ayşe Dilara

Profile Picture
Name Variants
Altiok-Yilmaz, Ayse
Job Title
Profesör
Email Address
ayse.yilmaz@fbu.edu.tr
Main Affiliation
İşletme Bölümü
Status
Website
ORCID ID
Scopus Author ID
56397140600
Turkish CoHE Profile ID
Google Scholar ID
WoS Researcher ID
CBE-7431-2022

Sustainable Development Goals Report Points

SDG data could not be loaded because of an error. Please refresh the page or try again later.
Scholarly Output

1

Articles

1

Citation Count

3

Supervised Theses

0

Filters

20221
Reset filters

Settings

Scholarly Output Search Results

Now showing 1 - 1 of 1
  • Thumbnail Image
    Article
    Citation - WoS: 2
    Citation - Scopus: 1
    Spread Determinants in Corporate Bond Pricing: the Effect of Market and Liquidity Risks
    (Savez Ekonomista Vojvodine, 2022) Altıok Yılmaz, Ayşe Dilara; Altiok-Yilmaz, Ayse; Akben-Selcuk, Elif; İşletme Bölümü
    This paper investigates the effect of market and liquidity risks on corporate bond pricing in Turkey, an emerging market, and in Europe. Results show that corporate bond returns have exposure to liquidity factors and not to market factors in both settings. Corporate bonds issued in Turkey have significant exposure to fluctuations in benchmark treasury bond liquidity and corporate bond market liquidity; while corporate bonds issued in Eurozone have exposure to equity market liquidity and are sensitive to fluctuations in a 10-year generic government bond liquidity. The total estimated liquidity risk premium is 0.7% per annum for Turkish "A" and above graded corporate bonds, and 1.08% for the last investment grade level (BBB-) long-term bonds. For Eurozone, the total liquidity risk premium is 0.27% for investment grade 5-10 year term bonds, 1.05% for high-yield 1-5 year term bonds and 1.02% for high-yield 5-10 year term category.