Finansal Raporlama Kalemi Olarak Takipteki Krediler ve Tahvil Stokunun Kredi Genişlemesine Etkisi: E7 Ülkelerinden Kısa ve Uzun Dönem Bulguları

Abstract

Bu çalışmada, gelişmekte olan E7 ülkelerinin 2005-2021 dönemine ait (Çin, Hindistan, Brezilya, Meksika, Endonezya, Rusya ve Türkiye) finansal raporlarında önemli birer kalem olan Takipteki Krediler (NPL) ve Tahvil Stoğunun kredi genişlemesi üzerindeki etkileri analiz edilmektedir. Araştırmada, Takipteki Krediler (Non Performing Loan-NPL) ve Tahvil Stoğunun özellikle kısa ve uzun dönemli etkileri ele alınmaktadır. Literatürde sorunlu alacak olarak da ifade edilen takipteki krediler, banka bilançolarında geri ödemesi geciken ve tahsil riski yüksek olan kredilerdir. Tahvil Stoku, kamu ve özel dahil olmak üzere borçlanma araçlarının tamamını kapsayan bir kavram olarak ifade edilmektedir. Çalışmada panel ARDL analizi kullanılarak takipteki krediler ve tahvil stoğunun E7 ülkelerindeki kısa ve uzun dönemli bulgulara odaklanılmıştır. Tahvil stokundaki 1 birimlik artış kısa dönemde özel sektöre yönelik alacakları yaklaşık %49,91773 oranında azaltırken; takipteki kredilerde meydana gelen 1 birimlik artış özel sektöre yönelik alacakları yaklaşık %1,514792 ve doğrudan yabancı yatırımlardaki 1 birimlik artış kısa dönemde yaklaşık 1,819216 oranında artırmaktadır. Uzun dönemde ise sadece doğrudan yabancı yatırımlar istatistiksel olarak anlamlı ilişkiye sahiptir ve doğrudan yabancı yatırımlardaki 1 birimlik artış nedensellik ilişkisi olmamasına rağmen özel sektöre yönelik alacakları yaklaşık 2,184857 birim azaltmaktadır.

Keywords

• Finansal Raporlama
• Takipteki Krediler
• Tahvil Stoğu
• E7 ülkeleri
• Kredi Genişlemesi

Supporting Institution

Yazar bu çalışma için finansal destek almadığını beyan etmiştir.

Ethical Statement

Bu makale, insan veya hayvanlar ile ilgili etik onay gerektiren herhangi bir araştırma içermemektedir.

The Effect of Non-Performing Loans and Bond Stock on Credit Expansion: Short-and Long-Run Evidence from the E7 Countries

Abstract

This study analyzes the impact of two important financial reporting items, Non-Performing Loans (NPLs) and Bond Stock on credit expansion in the E7 emerging economies. The research specifically focuses on their run effects. Non-performing loans, also referred to as problematic receivables in the literature, are loans on bank balance sheets that are overdue and carry a high risk of non-collection. Bond Stock is refers to the total stock of public- and private-sector debt instruments. Using a panel ARDL model, the study estimates the the short- and long-run relationships of non-performing loans and bond stock in the E7 countries. A one-unit increase in bond stock reduces receivables to the private sector by approximately 49.91773% in the short run; A one-unit increase in non-performing loans increases receivables to the private sector by approximately 1.514792% in the short run, and a one-unit increase in foreign direct investment increases receivables to the private sector by approximately 1.819216% in the short run. In the long run, however, only foreign direct investment has a statistically significant relationship, and a one-unit increase in foreign direct investment reduces receivables to the private sector by approximately 2.184857 units, even though there is no causal relationship.

Keywords

• Financial Reporting
• Non-Performing Loans
• Bond Stock
• E7 Countries
• Credit Expansion.

Supporting Institution

This article does not contain any studies with human participants or animals performed by the authors.

Ethical Statement

The author received no financial support for the research, authorship and/or publication of this article.

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