Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks

Hikmet Akyol; Selim Başar

doi:10.26650/ISTJECON2023-1288872

Research Article

Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks

Year 2024, Volume: 74 Issue: 1, 59 - 98, 04.09.2024

Hikmet Akyol , Selim Başar

https://doi.org/10.26650/ISTJECON2023-1288872

Abstract

This research examines the macroeconomic and institutional sources of individual, systemic, and systematic risks in the Turkish banking sector. The period between 2008:Q3 and 2019:Q3 of the nine deposit banks selected for this purpose were estimated using panel data analysis estimators. The results indicate that selected macroeconomic and institutional variables affect banking risks. These findings are important for revealing the institutional and macroeconomic sources of risks in the Turkish banking sector. Therefore, the results contain significant propositions for researchers, market participants, and politicians. Market participants and researchers can anticipate defaults and financial instability using selected macroeconomic and institutional variables. The estimation results reveal Turkish banks’ institutional soundness and financial performance strength. In addition, the extent to which banks are effective intermediaries in the sector was analysed. This research documented a strong link between global market indicators and banking risks.

JEL Classification : E44 , G20 , G21

Keywords

Individual risk, Systematic risk, Systemic risk, MacroFinance

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Year 2024, Volume: 74 Issue: 1, 59 - 98, 04.09.2024

Hikmet Akyol , Selim Başar

https://doi.org/10.26650/ISTJECON2023-1288872

Abstract

Thanks

Sayın editör, size ve dergi yönetimindeki kıymetli hoca ve görevlilere emeklerinizden dolayı şimdiden çok teşekkür ederiz.

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Primary Language	English
Subjects	Business Administration
Journal Section	Research Article
Authors	Hikmet Akyol 0000-0001-9119-7416 Selim Başar 0000-0002-7055-8240
Publication Date	September 4, 2024
Submission Date	April 28, 2023
Published in Issue	Year 2024 Volume: 74 Issue: 1

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APA	Akyol, H., & Başar, S. (2024). Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks. İstanbul İktisat Dergisi, 74(1), 59-98. https://doi.org/10.26650/ISTJECON2023-1288872
AMA	Akyol H, Başar S. Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks. İstanbul İktisat Dergisi. September 2024;74(1):59-98. doi:10.26650/ISTJECON2023-1288872
Chicago	Akyol, Hikmet, and Selim Başar. “Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks”. İstanbul İktisat Dergisi 74, no. 1 (September 2024): 59-98. https://doi.org/10.26650/ISTJECON2023-1288872.
EndNote	Akyol H, Başar S (September 1, 2024) Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks. İstanbul İktisat Dergisi 74 1 59–98.
IEEE	H. Akyol and S. Başar, “Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks”, İstanbul İktisat Dergisi, vol. 74, no. 1, pp. 59–98, 2024, doi: 10.26650/ISTJECON2023-1288872.
ISNAD	Akyol, Hikmet - Başar, Selim. “Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks”. İstanbul İktisat Dergisi 74/1 (September 2024), 59-98. https://doi.org/10.26650/ISTJECON2023-1288872.
JAMA	Akyol H, Başar S. Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks. İstanbul İktisat Dergisi. 2024;74:59–98.
MLA	Akyol, Hikmet and Selim Başar. “Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks”. İstanbul İktisat Dergisi, vol. 74, no. 1, 2024, pp. 59-98, doi:10.26650/ISTJECON2023-1288872.
Vancouver	Akyol H, Başar S. Empirical Analysis of Turkish Banking Sector Institutional and Macroeconomic Determinants of Risks. İstanbul İktisat Dergisi. 2024;74(1):59-98.

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