Finansal olmayan Borsa İstanbul şirketlerinde kurumsal risk yönetimi uygulamaları

The purpose of this study is to investigate the profile of those who are responsible for risk management, the most important risks and their management, and insurance approach in non-financial companies in Turkey. In a world where uncertainties increase and rapid changes take place especially with digitalization, effective implementation of corporate governance has a more empowering effect on the assets in the competitive environment. Risk management is an important system that is a part of all processes of the company, where all stakeholders are involved with the team game approach. In line with this argument and the growing importance of risk management within countries, this study aims to answer the question of the effectiveness, proficiency and approaches of risk management within Turkey. Considering the fact that Turkey is currently a developing country that has made great strides towards increasing international competitiveness and aims to adapt to the international risk management platforms quickly to further its national economic policy- it is important to highlight the level of application in Turkey. The results will prove useful for the (1). Government: as currently guidelines are being prepared in order to increase the overall health of organizations in regards to risk management (2). Insurance firms: as firm policy/behavior information is important for insurance companies, (3). Financial firms: as firms providing a line of credit to Turkish firms will be provided information other than what is available to the general public through financial statements, and finally (4). Non- Financial firms: as it will allow for them to conduct a general checkup and see their general improvement areas about their methods, and most importantly (5). Risk management literature: as it provides hard to achieve insider information directly from high level risk managers within top industry firms. The contribution of this data and analysis could prove useful for researchers conducting analysis under risk management area. Standards and approaches related to risk management in the world and in Turkey have been revealed with a literature conducted search. Thus, the profile of those who are responsible for risk management and related approaches will be analyzed. This is conducted in order to achieve information on the risk management approaches employed. The survey questions were generated via analyzing the related risk management literature and incorporating elements from the international "European Risk and Insurance Report" and "Federation of European Risk Management Association Survey" and "Risk Management Society Survey". The combination of these questions were listed under our questionnaire. The draft version of the questionnaire was pilot tested with risk managers and modifications were made to the scale. The final version of the sample consisted of the risk managers from public firms and had an observation size of 59. The survey was prepared and sent to the respondents online via Survey Monkey. The final version of the survey was sent to the full list of publicly available non-financial firms on BIST. The overall response rate was 29%. The sample of firms consists of the highest industrialized companies in Turkey and 20 respondents are included under top 100 of ISO 500 by 2017. Each survey question was analyzed individually via (descriptive statistics). high-low frequency analysis, percentage and cross-tabulation and general frequency analysis. Moreover, related questions were combined and analyzed together via cross-tabulation. The results of our analysis show that statutory regulators regarding risk management in financial and insurance sector in Turkey is bound to mandatory conditions by being adapted from Europe, their practices are not different from the results in the world, as they fulfill their obligations related to the early detection committee of the law.