Evaluating the Corporate Governance Based Performance of Participation Banks in Turkey with the House of Quality Using an Integrated Hesitant Fuzzy MCDM
Year 2016,
Volume: 10 Issue: 1, 9 - 33, 01.06.2016
Hasan Dinçer
Serhat Yüksel
Mustafa Tevfik Kartal
Abstract
This study is prepared to evaluate corporate governance performance of participation banks in Turkey with the house of quality. For this purpose, an integrated model is constructed to evaluate the criteria and analyze the fuzzy pairwise and decision matrices. The method is proposed with the hesitant fuzzy DEMATEL for weighting criteria and hesitant fuzzy TOPSIS for ranking the alternatives. According to the expert opinions, it is concluded that foreign participation banks have better performance in comparison with state-owned participation banks with respect to corporate governance. For this reason, it can be said that state-owned participation banks should take actions to increase their performance regarding corporate governance by focusing on important criteria emphasized in the study
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Türkiye’de Katılım Bankalarının Kurumsal Yönetiminin Çok Değişkenli Entegre Bulanık Karar Verme Yaklaşımı Kullanılarak Kalite Evi ile Değerlendirilmesi
Year 2016,
Volume: 10 Issue: 1, 9 - 33, 01.06.2016
Hasan Dinçer
Serhat Yüksel
Mustafa Tevfik Kartal
Abstract
Türkiye’de Katılım Bankalarının Kurumsal Yönetiminin Çok Değişkenli Entegre Bulanık Karar Verme Yaklaşımı Kullanılarak Kalite Evi ile DeğerlendirilmesiBu çalışma Türkiye’de faaliyet gösteren katılım bankalarının kurumsal yönetim temelli performanslarının değerlendirilmesine yönelik olarak hazırlanmıştır. Bu amaçla, kriterleri değerlendirmek ve bulanık ikili ile karar matrislerini analiz etmek için bütünleşik bir model oluşturulmuştur. Bu yöntem, kriterleri ağırlıklandırmak için bulanık DEMATEL ve alternatifleri sıralamak için bulanık TOPSIS yöntemlerini önermektedir. Çalışma sonucunda, yabancı katılım bankalarının kamu katılım bankalarına kıyasla kurumsal yönetim açısından daha iyi performans gösterdiği belirlenmiştir. Dolayısı ile kamu katılım bankaları kurumsal yönetim performanslarını artırmak için bu çalışmada vurgulanan önemli hususlara odaklanmak sureti ile aksiyon almalıdırlar
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- Büyüközkan, G., and Güler, M. (2017). A Hesitant Fuzzy Based TOPSIS App- roach for Smart Glass Evaluation. In Advances in Fuzzy Logic and Technology 2017, 641: 330-341.
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- Dinçer, H., Hacıoğlu, Ü., and Yüksel, S. (2017). A Strategic Approach to Global Financial Crisis in Banking Sector: A Critical Appraisal of Banking Stra- tegies Using Fuzzy ANP and Fuzzy TOPSIS Methods. International Journal of Sustainable Economies Management (IJSEM), 6(1): 1-21.
- Dinçer, H., Yüksel, S., and Bozaykut-Buk, T. (2018). Evaluation of Financial and Economic Effects on Green Supply Chain Management with Multi-Cri- teria Decision-Making Approach. Handbook of Research on Supply Chain Management for Sustainable Development: 144-175.
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- Garver, M. S. (2012). Improving the House of Quality with Maximum Dif- ference Scaling. International Journal of Quality & Reliability Management, 29(5): 576-594.
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- Gupta, K., Krishnamurti, C., and Tourani-Rad, A. (2011). Financial Develop- ment, Corporate Governance and Cost of Equity Capital. Journal of Contem- porary Accounting & Economics, 14: 65-82.
- Harford, J., Mansi, S. A., and Maxwell, W. F. (2012). Corporate Governance and Firm Cash Holdings in the US. Corporate Governance: 107-138.
- Illés, B., Skapinyecz, R., and Wagner, G. (2017). Description of a Method for the Handling of Customer Needs in Logistics. Vehicle and Automotive Engineering: 341-354.
- Jain, V., Sangaiah, A. K., Sakhuja, S., Thoduka, N., and Aggarwal, R. (2018). Supplier Selection Using Fuzzy AHP and TOPSIS: A Case Study in the Indian Automotive Industry. Neural Computing and Applications, 29(7): 555-564.
- Jolly, V. (2016). The Influence of Internet Banking on the Efficiency and Cost Savings for Banks’ Customers. International Journal of Social Sciences and Management, 3(3): 163-170.
- Kayalvizhi, P. N., and Thenmozhi, M. (2017). Does Quality of Innovation, Culture and Governance Drive FDI?: Evidence from Emerging Markets. Emer- ging Markets Review, 34: 175-191.
- Kieschnick, R., and Moussawi, R. (2018). Firm Age, Corporate Governance, and Capital Structure Choices. Journal of Corporate Finance, 48: 597-614.
- Ko, W. C. (2015). Construction of House of Quality for New Product Plan- ning: A 2-Tuple Fuzzy Linguistic Approach. Computers in Industry, 73: 117- 127.
- Kuijt-Evers, L. F. M., Morel, K. P. N., Eikelenberg, N. L. W., and Vink, P. (2009). Application of the QFD as a Design Approach to Ensure Comfort in Using Hand Tools: Can the Design Team Complete the House of Quality Appropriately. Applied Ergonomics, 40(3): 519-526.
- Kumari, S. (2004). Ergonomic Workstation Design for Branch Manager in Banking Industry. Doctoral dissertation, Acharya Ng Ranga Agricultural Uni- versity Rajendranagar, Hyderabad, India.
- Laoworapong, M., Supattarakul, S., and & Swierczek, F. W. (2018). Corpo- rate Governance, Board Effectiveness, and Performance of Thai Listed Firms. AU Journal of Management, 13(1): 25-40.
- Levy, S., and Hino, H. (2016). Emotional Brand Attachment: a Factor in Customer-Bank Relationships. International Journal of Bank Marketing, 34(2): 136-150.
- Li, Y. L., Huang, M., Chin, K. S., Luo, X. G., and & Han, Y. (2011). Integrating Preference Analysis and Balanced Scorecard to Product Planning House of Quality. Computers & Industrial Engineering, 60(2): 256-268.
- Liao, W. N., Tang, T. C., and Chi, L. C. (2017). A Study of Applying Quality Function Deployment & Service Quality Model to Service Quality of Credit Department of Farmers’ Association-A Case Study in Taiwan. International Research Journal of Applied Finance, 8(2): 47-69.
- Lin, T., Ekanayake, A., Gaweshan, L. S., and Hasan, Z. A. (2016). Ergonomics Product Development of over Bed Table for Bedridden Patients. Computer- Aided Design and Applications, 13(4): 538-548.
- Miyajima, H., Ogawa, R., and Saito, T. (2017). Changes in Corporate Gover- nance and Top Executive Turnover: The Evidence from Japan. Journal of the Japanese and International Economies, 47: 17-31.
- Ndungu, C. G., and Njeru, A. (2014). Assessment of Factors Influencing Adoption of Agency Banking in Kenya: The Case of Kajiado North Sub Co- unty. International journal of business and commerce, 3(8): 91-111.
- Nippatlapalli, A. R. (2013). A Study on Customer Satisfaction of Commercial Banks: Case Study on State Bank of India. IOSR Journal of Business and Ma- nagement, 15(1): 60-86.
- Olewnik, A., and Lewis, K. (2008). Limitations of the House of Quality to Provide Quantitative Design Information. International Journal of Quality & Reliability Management, 25(2): 125-146.
- Pandey, P., Mayya, S., and Joshi, H. (2017). Internet Banking: A Survey on New Approach to Banking and Its Adoption among Urban Conglomerates of Coastal Karnataka. Advanced Science Letters, 23(3): 1960-1963.
- Paniagua, J., Rivelles, R., and & Sapena, J. (2018). Corporate Governance and Financial Performance: The Role of Ownership and Board Structure. Jo- urnal of Business Research, 89: 229-234.
- Pérez, A., and Del Bosque, I. R. (2015). How Customer Support for Corpo- rate Social Responsibility Influences the Image of Companies: Evidence from the Banking Industry. Corporate Social Responsibility and Environmental Ma- nagement, 22(3): 155-168.
- Phang, S., and Raweewan, M. (2015). A Study of Cost, Revenue, and Pro- fit Efficiency of Commercial Banks in Cambodia Using DEA Approach. In In- ternational Conference on Knowledge, Information, and Creativity Support Systems, 685: 168-178.
- Pillai, R., and Al-Malkawi, H. A. N. (2017). On the Relationship between Cor- porate Governance and Firm Performance: Evidence from GCC Countries. Research in International Business and Finance, 44: 394-410.
- Popoff, A., and Millet, D. (2017). Sustainable Life Cycle Design Using Cons- traint Satisfaction Problems and Quality Function Deployment. Procedia CIRP, 61: 75-80.
- Ray, N., Ghosh, T. N., and Sen, K. (2016). Examination of Internet Banking Customer Perception of Service Quality: Evidence from Banking Industry. In Business Infrastructure for Sustainability in Developing Economies, Chapter 13: 253-263.
- Safiullah, M., and Shamsuddin, A. (2018). Risk in Islamic Banking and Corpo- rate Governance. Pacific-Basin Finance Journal, 47: 129-149.
- Salim, R., Arjomandi, A., and Seufert, J. H. (2016). Does Corporate Gover- nance Affect Australian Banks’ Performance? Journal of International Finan- cial Markets, Institutions and Money, 43: 113-125.
- Scheurell, D. M. (1994). “Beyond the QFD House of Quality: Using the Downstream Matrices. World Class Design to Manufacture, 1(2): 13-20.
- Schmidt, C., and Fahlenbrach, R. (2017). Do Exogenous Changes in Passive Institutional Ownership Affect Corporate Governance and Firm Value? Jour- nal of Financial Economics, 124(2): 285-306.
- Schymik, J. (2018). Globalization and the Evolution of Corporate Governan- ce. European Economic Review, 102: 39-61.
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