Özet:

In assessing the risk of international investors to make an investment decision in a foreign country, credit rate swap (CDS) primes are often used. The risk appetite, the investor’s risk inclination, can be expressed as volunteering and the non-stable risk appetite variation makes it possible to be tracked and used as an indicator with an index help. The aim of this study is to determine whether there is a relationship between the CDS primes, which are considered credit risk indicators for investors, and the risk appetite index. According to the study, foreign and domestic investors’ risk appetite from the risk appetite variables revealed a meaningful result in the CDS premium; there was a negative and meaningful correlation between the CDS and the risk appetite index according to each of the three investors’ classes; therefore, the CDS premiums fell as investors’ risk appetite increased.

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