The 2008 financial crisis are quite noteworthy in terms of exposing the volatility in the risk appetite of the global … markets. The instantaneous and collective movements of the investors’ risk preferences have attracted the attentions to the … concept of risk, which is one of the fundamental criteria of the investment decisions. Personal characteristics, socio …

tendency is still going on in the securities firm business (Coşkun, 2009a: 2). In this process, some argue that risk management … specific risks is also important to develop ideal risk management framework for securities firms. Therefore, in this article …

). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases …