Abstract
Rekabetin dinamikleri ve karlılık farklılıkların belirleyenlerini konu alan, 'karlılığın sürekliliği' (KS) metodolojisi yardımı ile firmaların getiri oranlarının zaman serisi analizini içeren ampirik literatür hızlı bir şekilde gelişmektedir. Bununla birlikte, bu literatür genel olarak finansal sektör dışındaki sektörlerde odaklanmış ve KS metodolojini bankacılık gibi finans sektörüne uygulayan çalışmaların sayısı oldukça sınırlıdır. Bu çalışma, Türk bankacılık sektörü için, karlılığın sürekliliğinin zaman serisi analizinden ve bankalar arası karlılık farklılıklarını karlılığın sürekliliği ile ilişkilendiren regresyon analizinden elde edilen bulguları içermektedir. Bu konudaki önceki çalışmalardan farklı olarak bu çalışmada sunulan ampirik bulgular, karların kısa dönem sürekliliğinin ılımlı olduğunu ve uzun dönemde aşırı karların kaybolduğunu ve haliyle sektördeki rekabetin oldukça yüksek olduğunu göstermektedir
Keywords
References
- AKYUZ, Y. and K. BORATAV; (2003), "The Making of Turkish Financial Crisis", World Development, 31, pp.1549-1566.
- BEKTAŞ, E.; (2007), "The Persistence of Profits in The Turkish Banking System, Applied Economics Letters, 14, pp.187-190.
- DEMSETZ, H.; (1974), "Two Systems of Belief About Monopoly", in Industrial Concentration: The New Learning (Eds) H. GOLDSCMID, H. MANN and J. WESTON, Little Brown, Boston, pp. 164-184.
- DEMSETZ, H.; (1989), Efficiency, Competition and Policy: The Organisation of Economic Activity, Vol. 2, Blackwell Publishing, Oxford, p.320.
- GEROSKI, P. A.; (1990), "Modelling Persistent Profitability", in The Dynamics of Company Profits: An International Comparison, (Ed.) D. C. MULLER, Cambridge University Press, Cambridge, pp.15-34.
- GEROSKI, P. and A. JACQUEMIN; (1988), "The Persistence of Profits: A European Comparison", Economic Journal, 98, pp.375-389.
- GLEN, J., K. LEE, and S. SINGH; (2001), "Persistence of Profitability and Competition in Emerging Markets", Economics Letters, 72, pp.247- 53.
- GLEN, J., K. LEE and S. SINGH; (2003), "Corporate Profitability and The Dynamics of Competition in Emerging Markets: A Time Series Analysis", Economic Journal, 113, pp.465-484.
- GORTON, G. and A. WINTON; (2003), "Financial Intermediation", in Handbook of the Economics of Finance, (Eds) D. G. M. CONSTANTINIDES and M. HARRIS, and R. STULZ, Elsevier B. V., pp.431-534
- GSCHWANDTNER, A.; (2005), "Profit Persistence in The 'Very' Long Run: Evidence From Survivors and Exiters", Applied Economics, 37, pp.793-806.
- HARDWICK, P. and M. ADAMS and H. ZOU; (2003), "Corporate Governance and Cost Efficiency in The United Kingdom LifeInsurance Industry", EBMS Working Paper, EBMS/2003/1, pp.1-31
- HERMALIN, B. E. and N.E. WALLACE; (1994), "The Determinants of Efficiency and Solvency in Savings and Loans", Rand Journal of Economics, 25, pp.361-381.
- IM, K. S. and M.H. PESARAN and Y. SHIN; (2003), "Testing For Unit Roots in Heterogeneous Panels", Journal of Econometrics, 115, pp.53-74.
- MARUYAMA, N. and H. ODGARI; (2002), "Does The 'Persistence of Profits' Persist?: A Study of Company Profits in Japan, 1964-97", International Journal of Industrial Organization, 20, pp.1513- 1533.
- MUELLER, D.; (1990), The Dynamics of Company Profits: An International Comparison, Cambridge University Press, Cambridge, pp.1-34.
- SORAL, B. H. and T.B. ISCAN and G. HEBB; (2006), "Fraud and Banking Crises: Evidence From Micro-Level Transactions Data", European Journal of Law and Economics, 21, pp.179-197.
- YURTOGLU, B. B.; (2004), "Persistence of Firm-Level Profitability in Turkey", Applied Economics, 36, pp.615-625.
- BERGER, A. N.; (1995), "The Profit-Structure Relationship in Banking Test of Market-Power and Efficient-Structure Hypotheses", Journal Money, Credit and Banking, 27, pp.404-431. of
- OKUMUS, H. S.; (2002), "Market Structure and Efficiency as Determinant of Profitability in The Turkish Banking Industry", Yapı Kredi Economic Review, 7, pp.65-88.
- MOLYNEUX, P.; (1993), "Market Structure and Profitability in European Banking, The Institue of European Finance, no: 93/5, p.32
Abstract
References
- AKYUZ, Y. and K. BORATAV; (2003), "The Making of Turkish Financial Crisis", World Development, 31, pp.1549-1566.
- BEKTAŞ, E.; (2007), "The Persistence of Profits in The Turkish Banking System, Applied Economics Letters, 14, pp.187-190.
- DEMSETZ, H.; (1974), "Two Systems of Belief About Monopoly", in Industrial Concentration: The New Learning (Eds) H. GOLDSCMID, H. MANN and J. WESTON, Little Brown, Boston, pp. 164-184.
- DEMSETZ, H.; (1989), Efficiency, Competition and Policy: The Organisation of Economic Activity, Vol. 2, Blackwell Publishing, Oxford, p.320.
- GEROSKI, P. A.; (1990), "Modelling Persistent Profitability", in The Dynamics of Company Profits: An International Comparison, (Ed.) D. C. MULLER, Cambridge University Press, Cambridge, pp.15-34.
- GEROSKI, P. and A. JACQUEMIN; (1988), "The Persistence of Profits: A European Comparison", Economic Journal, 98, pp.375-389.
- GLEN, J., K. LEE, and S. SINGH; (2001), "Persistence of Profitability and Competition in Emerging Markets", Economics Letters, 72, pp.247- 53.
- GLEN, J., K. LEE and S. SINGH; (2003), "Corporate Profitability and The Dynamics of Competition in Emerging Markets: A Time Series Analysis", Economic Journal, 113, pp.465-484.
- GORTON, G. and A. WINTON; (2003), "Financial Intermediation", in Handbook of the Economics of Finance, (Eds) D. G. M. CONSTANTINIDES and M. HARRIS, and R. STULZ, Elsevier B. V., pp.431-534
- GSCHWANDTNER, A.; (2005), "Profit Persistence in The 'Very' Long Run: Evidence From Survivors and Exiters", Applied Economics, 37, pp.793-806.
- HARDWICK, P. and M. ADAMS and H. ZOU; (2003), "Corporate Governance and Cost Efficiency in The United Kingdom LifeInsurance Industry", EBMS Working Paper, EBMS/2003/1, pp.1-31
- HERMALIN, B. E. and N.E. WALLACE; (1994), "The Determinants of Efficiency and Solvency in Savings and Loans", Rand Journal of Economics, 25, pp.361-381.
- IM, K. S. and M.H. PESARAN and Y. SHIN; (2003), "Testing For Unit Roots in Heterogeneous Panels", Journal of Econometrics, 115, pp.53-74.
- MARUYAMA, N. and H. ODGARI; (2002), "Does The 'Persistence of Profits' Persist?: A Study of Company Profits in Japan, 1964-97", International Journal of Industrial Organization, 20, pp.1513- 1533.
- MUELLER, D.; (1990), The Dynamics of Company Profits: An International Comparison, Cambridge University Press, Cambridge, pp.1-34.
- SORAL, B. H. and T.B. ISCAN and G. HEBB; (2006), "Fraud and Banking Crises: Evidence From Micro-Level Transactions Data", European Journal of Law and Economics, 21, pp.179-197.
- YURTOGLU, B. B.; (2004), "Persistence of Firm-Level Profitability in Turkey", Applied Economics, 36, pp.615-625.
- BERGER, A. N.; (1995), "The Profit-Structure Relationship in Banking Test of Market-Power and Efficient-Structure Hypotheses", Journal Money, Credit and Banking, 27, pp.404-431. of
- OKUMUS, H. S.; (2002), "Market Structure and Efficiency as Determinant of Profitability in The Turkish Banking Industry", Yapı Kredi Economic Review, 7, pp.65-88.
- MOLYNEUX, P.; (1993), "Market Structure and Profitability in European Banking, The Institue of European Finance, no: 93/5, p.32
Details
| Primary Language | Turkish |
|---|---|
| Journal Section | Makaleler |
| Authors | |
| Publication Date | July 1, 2008 |
| Published in Issue | Year 2008 Issue: 30 |
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