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Entelektüel Sermaye Finansal Performansı ve Takipteki Kredileri Etkiler mi? Türk Bankacılık Sektöründen Kanıtlar

Year 2023, Volume: 17 Issue: 1, 39 - 64, 30.06.2023
https://doi.org/10.46520/bddkdergisi.1348086

Abstract

References

  • 1. Agusman, A., Monroe, G. S., Gasbarro, D., & Zumwalt, J. K. (2008). Accounting and capital market measures of risk: evidence from Asian banks during 1998–2003. Journal of Banking and Finance, 32(4): 480–488.
  • 2. Ayaydın, H., Pilatin, A., & Barut, A. (2021). Takipteki Kredilerin Bankaya Özgü, Finansal Ve Makroekonomik Belirleyicileri: Türkiye Örneği. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (33): 169-186. DOI: https://doi.org/10.18092/ ulikidince.1013685
  • 3. Baltagi, B.H., & Wu, P. X. (1999). Unequally Spaced Panel Data Regressıons With Ar(1) Disturbances. Econometric Theory, 15: 814–823.
  • 4. Barney, J. B. (1991). Firm Resources And Sustained Competitive Advantage. Journal of Management, 17(1): 99–120.
  • 5. Bhargava, A., Franzini, L., & Narendranathan, W. (1982). Serial Correlation and the Fixed Effects Model. The Review of Economic Studies, 49(4): 533- 549.
  • 6. Bontis, N., & Fitz-enz, J. (2002). Intellectual Capital ROI: A Causal Map of Human Capital Antecedents and Consequents. Journal of Intellectual Capital, 3(3): 223-247.
  • 7. Bontis, N., Janoševi´c, S., & Dženopoljac, V. (2015). Intellectual capital in serbia’s hotel industry. Int. J. Contemp. Hosp. Managament, 27: 1365–1384.
  • 8. Chen, M. C., Cheng, S. J., & Hwang, Y. (2005). An Empirical Investigation Of The Relationship Between Intellectual Capital And Firms’ Market Value And Financial Performance. Journal of Intellectual Capital, 6(2): 159-176.
  • 9. Curado, C., Guedes, M. J., & Bontis, N. (2014). The financial crisis of banks (before, during and after): an intellectual capital perspective. Knowledge and Process Management, 21(2): 103-111.
  • 10. Driscoll, J. C., & Kraay, A. C. (1998). Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data. Review of economics and statistics, 80(4): 549-560.
  • 11. Edvinsson, L. (1997). Developing Intellectual Capital at Skandia. Long Range Planning, 30(3): 320-373.
  • 12. Edvinsson, L., & Malone, M. (1997). Intellectual Capital: Realizing Your Company’s True Value by Finding Its Hidden Brain Power. New York: Harper Collins Publisher Inc.
  • 13. Ekim, N., Acar, M. & Uçan, O. (2019). Entelektüel Sermayenin Finans Sektöründe Değer Yaratmadaki Rolü: Türk Bankacılık Sektöründe Bir Araştırma. Verimlilik Dergisi, (4): 37-63.
  • 14. El-Bannany, M. (2008). A study of determinants of intellectual capital performance in banks: the UK case. Journal of intellectual capital, 9(3): 487-498.
  • 15. Goh, P. C. (2005). Intellectual Capital Performance Of Commercial Banks In Malaysia, Journal of Intellectual Capital, 6(3): 385-396.
  • 16. Goldfinger, C. (1997). Understanding and measuring the intangible economy: current status and suggestions for future research; In Paper presented at the CIRET seminar :Helsinki.
  • 17. Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing For Unit Roots In Heterogeneous Panels. Journal of econometrics, 115(1): 53-74.
  • 18. Joshi, M., Cahill, D., Sidhu, J., & Kansal, M. (2013). Intellectual Capital And Financial Performance: An Evaluation Of The Australian Financial Sector. Journal of Intellectual Capital, 14(2): 264-285.
  • 19. Latif, M., Malik, M.S., & Aslam, S. (2012). Intellectual Capital Efficiency And Corporate Performance In Developing Countries: A Comparison Between Islamic and Conventional Banks Of Pakistan. Interdisciplinary Journal Of Contemporary Research In Business, 4(1): 405-420.
  • 20. Lee, C. C., and Hsieh, M. F. (2013). The impact of bank capital on profitability and risk in Asian banking. Journal of international money and finance, 32: 251-281.
  • 21. Karacan, S., & Ergin, E. (2011). Bankalarin Entelektüel Sermayesi ile Finansal Performansi Arasindaki Iliski/Intellectual Capital and Financial Performance in the Banking Sector, Business and Economics Research Journal, 2(4): 73-88.
  • 22. Maji, S. G. & Goswami, M. (2016). Intellectual Capital And Firm Performance In Emerging Economies: The case of India. Review of International Business and Strategy, 26(3): 410-430.
  • 23. Mavridis, D. G. (2004). The Intellectual Capital Performance of the Japanese Banking Sector.Journal of Intellectual Capital, 5(1): 92- 115.
  • 24. Meles, A., Porzio, C., Sampagnaro, G. and Verdoliva, V. (2016). The Impact Of The Intellectual Capital Efficiency On Commercial Banks Performance: Evidence from the US. Journal of Multinational Financial Management, 36: 64-74.
  • 25. Mondal, A., & Ghosh, S. K. (2012). Intellectual Capital And Financial Performance Of Indian Banks. Journal of Intellectual Capital, 13(4): 515-530.
  • 26. Oppong, G. K., & Pattanayak, J. K. (2019). Does investing in intellectual capital improve productivity? Panel evidence from commercial banks in India. Borsa Istanbul Review, 19(3): 219-227.
  • 27. Özkan, N., Cakan, S. and Kayacan, M. (2017). Intellectual Capital And Financial Performance: A Study Of The Turkish Banking Sector. Borsa Istanbul Review, 17(3): 190-198. DOI: https://doi.org/10.1016/j.bir.2016.03.001
  • 28. Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. University of Cambridge, Faculty of Economics, Cambridge Working Papers in Economics No. 0435.
  • 29. Pulic, A. (2000). VAIC: An Accounting Tool For IC Management. International Journal of Technology Management, 20(5-8): 702-714.
  • 30. Pulic, A. (2004). Intellectual capital e does it create or destroy value? Measuring Business Excellence, 8(1): 62-68.
  • 31. Rehman, W. U., Chaudhary, A. R., Rehman, H. U., & Zahid, A. (2011). Intellectual Capital Performance and Its Impact on Corporate Performance: An Empirical Evidence from Modaraba Sector of Pakistan. Australian Journal of Business and Management Research, 1(5): 8-16.
  • 32. Reed, K.K., Lubatkin, M. and Srinivasan, N. (2006). Proposing and testing an intellectual capital-based view of the firm. Journal of Management Studies, 43(4): 867-893.
  • 33. Santos, D. B. & Netto, H. G. (2020). Financial Illiteracy and customer credit history. Revista Brasileira de Gestão de Negócios, 22(Special Issue): 421-436.
  • 34. Singh, S., Sidhu, J., Joshi, M., & Kansal, M. (2015). Measuring Intellectual Capital Performance Of Indian banks: A public and private sector comparison. Managerial Finance, 42(7): 635-655.
  • 35. Ting, I. W. K., & Lean, H. H. (2009). Intellectual Capital Performance of Financial Institutions in Malaysia. Journal of Intellectual Capital, 10(4): 588-599.
  • 36. Tripathy, T., Gil-Alana, L.A. & Sahoo, D. (2015). The effect of intellectual capital on firms’ financial performance: An empirical investigation in India”, International Journal of Learning and Intellectual Capital, 12(4): 342-371.
  • 37. Us, V. (2020). A panel VAR approach on analyzing non-performing loans in the Turkish banking sector. BDDK Bankacılık ve Finansal Piyasalar Dergisi, 14(1): 1-38. DOI: http://dx.doi.org/10.46520/bddkdergisi.789935
  • 38. Wang, M. (2011). Measuring Intellectual Capital and Its Effect on Financial Performance: Evidence from the Capital Market in Taiwan. Frontiers of Business Research in China, 5(2): 243–265.
  • 39. Wang, W. K., Lu, W.M., & Wang, Y.H. (2013). The relationship between bank performance and intellectual capital in East Asia. Qual Quant, 47: 1041–1062.
  • 40. World Bank (1999). Knowledge for Development, New York: Oxford University Press.
  • 41. Yalama, A. (2013). The relationship between intellectual capital and banking performance in Turkey: evidence from panel data. International Journal of Learning and Intellectual Capital, 10(1): 71-87.
  • 42. Zou, X. and Huan, T. C. (2011). A study of the intellectual capital’s impact on listed banks’ performance in China. African Journal of Business Management, 5(12): 5001-5009.

Does Intellectual Capital Affect Financial Performance and Non-Performing Loans? Evidence From the Banking Sector in Turkey

Year 2023, Volume: 17 Issue: 1, 39 - 64, 30.06.2023
https://doi.org/10.46520/bddkdergisi.1348086

Abstract

The purpose of this study is to empirically examine the impact of intellectual capital (VAIC)
capacity of 21 Turkish banks on financial performance (ROA) and non-performing loans (NPL)
from 2004 to 2020. Panel data technique was used for analysis. The study results suggest that
banks’ intellectual capital is vital for their profitability, credit risk and competitive advantage. As
far as known, this is one of the first empirical researches in Turkey that examines the impact of IC
and its components on financial performance and non-performing loans of the Turkish banking
sector in the long term.

References

  • 1. Agusman, A., Monroe, G. S., Gasbarro, D., & Zumwalt, J. K. (2008). Accounting and capital market measures of risk: evidence from Asian banks during 1998–2003. Journal of Banking and Finance, 32(4): 480–488.
  • 2. Ayaydın, H., Pilatin, A., & Barut, A. (2021). Takipteki Kredilerin Bankaya Özgü, Finansal Ve Makroekonomik Belirleyicileri: Türkiye Örneği. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (33): 169-186. DOI: https://doi.org/10.18092/ ulikidince.1013685
  • 3. Baltagi, B.H., & Wu, P. X. (1999). Unequally Spaced Panel Data Regressıons With Ar(1) Disturbances. Econometric Theory, 15: 814–823.
  • 4. Barney, J. B. (1991). Firm Resources And Sustained Competitive Advantage. Journal of Management, 17(1): 99–120.
  • 5. Bhargava, A., Franzini, L., & Narendranathan, W. (1982). Serial Correlation and the Fixed Effects Model. The Review of Economic Studies, 49(4): 533- 549.
  • 6. Bontis, N., & Fitz-enz, J. (2002). Intellectual Capital ROI: A Causal Map of Human Capital Antecedents and Consequents. Journal of Intellectual Capital, 3(3): 223-247.
  • 7. Bontis, N., Janoševi´c, S., & Dženopoljac, V. (2015). Intellectual capital in serbia’s hotel industry. Int. J. Contemp. Hosp. Managament, 27: 1365–1384.
  • 8. Chen, M. C., Cheng, S. J., & Hwang, Y. (2005). An Empirical Investigation Of The Relationship Between Intellectual Capital And Firms’ Market Value And Financial Performance. Journal of Intellectual Capital, 6(2): 159-176.
  • 9. Curado, C., Guedes, M. J., & Bontis, N. (2014). The financial crisis of banks (before, during and after): an intellectual capital perspective. Knowledge and Process Management, 21(2): 103-111.
  • 10. Driscoll, J. C., & Kraay, A. C. (1998). Consistent Covariance Matrix Estimation With Spatially Dependent Panel Data. Review of economics and statistics, 80(4): 549-560.
  • 11. Edvinsson, L. (1997). Developing Intellectual Capital at Skandia. Long Range Planning, 30(3): 320-373.
  • 12. Edvinsson, L., & Malone, M. (1997). Intellectual Capital: Realizing Your Company’s True Value by Finding Its Hidden Brain Power. New York: Harper Collins Publisher Inc.
  • 13. Ekim, N., Acar, M. & Uçan, O. (2019). Entelektüel Sermayenin Finans Sektöründe Değer Yaratmadaki Rolü: Türk Bankacılık Sektöründe Bir Araştırma. Verimlilik Dergisi, (4): 37-63.
  • 14. El-Bannany, M. (2008). A study of determinants of intellectual capital performance in banks: the UK case. Journal of intellectual capital, 9(3): 487-498.
  • 15. Goh, P. C. (2005). Intellectual Capital Performance Of Commercial Banks In Malaysia, Journal of Intellectual Capital, 6(3): 385-396.
  • 16. Goldfinger, C. (1997). Understanding and measuring the intangible economy: current status and suggestions for future research; In Paper presented at the CIRET seminar :Helsinki.
  • 17. Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing For Unit Roots In Heterogeneous Panels. Journal of econometrics, 115(1): 53-74.
  • 18. Joshi, M., Cahill, D., Sidhu, J., & Kansal, M. (2013). Intellectual Capital And Financial Performance: An Evaluation Of The Australian Financial Sector. Journal of Intellectual Capital, 14(2): 264-285.
  • 19. Latif, M., Malik, M.S., & Aslam, S. (2012). Intellectual Capital Efficiency And Corporate Performance In Developing Countries: A Comparison Between Islamic and Conventional Banks Of Pakistan. Interdisciplinary Journal Of Contemporary Research In Business, 4(1): 405-420.
  • 20. Lee, C. C., and Hsieh, M. F. (2013). The impact of bank capital on profitability and risk in Asian banking. Journal of international money and finance, 32: 251-281.
  • 21. Karacan, S., & Ergin, E. (2011). Bankalarin Entelektüel Sermayesi ile Finansal Performansi Arasindaki Iliski/Intellectual Capital and Financial Performance in the Banking Sector, Business and Economics Research Journal, 2(4): 73-88.
  • 22. Maji, S. G. & Goswami, M. (2016). Intellectual Capital And Firm Performance In Emerging Economies: The case of India. Review of International Business and Strategy, 26(3): 410-430.
  • 23. Mavridis, D. G. (2004). The Intellectual Capital Performance of the Japanese Banking Sector.Journal of Intellectual Capital, 5(1): 92- 115.
  • 24. Meles, A., Porzio, C., Sampagnaro, G. and Verdoliva, V. (2016). The Impact Of The Intellectual Capital Efficiency On Commercial Banks Performance: Evidence from the US. Journal of Multinational Financial Management, 36: 64-74.
  • 25. Mondal, A., & Ghosh, S. K. (2012). Intellectual Capital And Financial Performance Of Indian Banks. Journal of Intellectual Capital, 13(4): 515-530.
  • 26. Oppong, G. K., & Pattanayak, J. K. (2019). Does investing in intellectual capital improve productivity? Panel evidence from commercial banks in India. Borsa Istanbul Review, 19(3): 219-227.
  • 27. Özkan, N., Cakan, S. and Kayacan, M. (2017). Intellectual Capital And Financial Performance: A Study Of The Turkish Banking Sector. Borsa Istanbul Review, 17(3): 190-198. DOI: https://doi.org/10.1016/j.bir.2016.03.001
  • 28. Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. University of Cambridge, Faculty of Economics, Cambridge Working Papers in Economics No. 0435.
  • 29. Pulic, A. (2000). VAIC: An Accounting Tool For IC Management. International Journal of Technology Management, 20(5-8): 702-714.
  • 30. Pulic, A. (2004). Intellectual capital e does it create or destroy value? Measuring Business Excellence, 8(1): 62-68.
  • 31. Rehman, W. U., Chaudhary, A. R., Rehman, H. U., & Zahid, A. (2011). Intellectual Capital Performance and Its Impact on Corporate Performance: An Empirical Evidence from Modaraba Sector of Pakistan. Australian Journal of Business and Management Research, 1(5): 8-16.
  • 32. Reed, K.K., Lubatkin, M. and Srinivasan, N. (2006). Proposing and testing an intellectual capital-based view of the firm. Journal of Management Studies, 43(4): 867-893.
  • 33. Santos, D. B. & Netto, H. G. (2020). Financial Illiteracy and customer credit history. Revista Brasileira de Gestão de Negócios, 22(Special Issue): 421-436.
  • 34. Singh, S., Sidhu, J., Joshi, M., & Kansal, M. (2015). Measuring Intellectual Capital Performance Of Indian banks: A public and private sector comparison. Managerial Finance, 42(7): 635-655.
  • 35. Ting, I. W. K., & Lean, H. H. (2009). Intellectual Capital Performance of Financial Institutions in Malaysia. Journal of Intellectual Capital, 10(4): 588-599.
  • 36. Tripathy, T., Gil-Alana, L.A. & Sahoo, D. (2015). The effect of intellectual capital on firms’ financial performance: An empirical investigation in India”, International Journal of Learning and Intellectual Capital, 12(4): 342-371.
  • 37. Us, V. (2020). A panel VAR approach on analyzing non-performing loans in the Turkish banking sector. BDDK Bankacılık ve Finansal Piyasalar Dergisi, 14(1): 1-38. DOI: http://dx.doi.org/10.46520/bddkdergisi.789935
  • 38. Wang, M. (2011). Measuring Intellectual Capital and Its Effect on Financial Performance: Evidence from the Capital Market in Taiwan. Frontiers of Business Research in China, 5(2): 243–265.
  • 39. Wang, W. K., Lu, W.M., & Wang, Y.H. (2013). The relationship between bank performance and intellectual capital in East Asia. Qual Quant, 47: 1041–1062.
  • 40. World Bank (1999). Knowledge for Development, New York: Oxford University Press.
  • 41. Yalama, A. (2013). The relationship between intellectual capital and banking performance in Turkey: evidence from panel data. International Journal of Learning and Intellectual Capital, 10(1): 71-87.
  • 42. Zou, X. and Huan, T. C. (2011). A study of the intellectual capital’s impact on listed banks’ performance in China. African Journal of Business Management, 5(12): 5001-5009.
There are 42 citations in total.

Details

Primary Language English
Subjects Banking and Insurance (Other)
Journal Section Research Articles
Authors

Abdulmuttalip Pilatin

Hasan Ayaydın This is me 0000-0002-5395-1411

Abdulkadir Barut 0000-0001-8315-9727

Publication Date June 30, 2023
Published in Issue Year 2023 Volume: 17 Issue: 1

Cite

APA Pilatin, A., Ayaydın, H., & Barut, A. (2023). Does Intellectual Capital Affect Financial Performance and Non-Performing Loans? Evidence From the Banking Sector in Turkey. BDDK Bankacılık Ve Finansal Piyasalar Dergisi, 17(1), 39-64. https://doi.org/10.46520/bddkdergisi.1348086