Research Article
Year 2018,
Volume: 20 Issue: 2, 418 - 438, 22.06.2018
Abstract
References
- Altman, E. I.(1968). “Financial Ratios, Discriminant Analysis and The Prediction of Corporate Bankruptcy”. The Journal of Finance, 23(4), 589-609. Altman E. I. (2000). Predicting Financial Distress of Companies, Revisiting Z-Score and ZETA Models. Stern School of Business, New York University 9-12. Aneja R. Makkar A. (2013). “A Comparative Study of Book Value Insolvencyof Indian Commercial Banks, An Application of Z-Score Model”. The IUP Journal of Financial Risk Management, 10 (2), 19-29. Anita, M, Shevta S. (2012). “Evaluating the Financial Soundness of Indian Commercial Banks, An Application of Bankometer”, National Conference on Emerging Challenges for Sustainable Business, 118-132. Arun R., Kasilingam R. (2011). “Predicting Solvency, Indian IT Companies”. SCMS Journal of Management. January-March. 81-95. Ashaf A. Tariq Y. (2016). “Evaluating the Financial Soundness of Banks, An Application of -Bankometer on Pakistani Listed Banks”. The IUP Journal of Financial Risk Management.13 (3), 47-63. Bourkhis K., Nabi M. S. (2013). “Islamic and Conventional Banks' Soundness During The 2007–2008 Financial Crisis”. Review of Financial Economics, 22, 68-77. Budiman T., Herwany A., Kritanty F. T. (2017). “An Evaluation of Financial Stress for Islamic Banks in Indonesia Using a Bankometer Model”, Journal of Finance and Banking Review, 2 (3), 14-20. Cihak M., Hesse H. (2010). “Islamic Banks and Financial Stability, An Empirical Analysis”. Journal of Financial Service Research. 38, 95-113. Chiaramonte L., Croci E., Poli F. (2015). “Should we trust the Z-score? Evidence from the European Banking Industry”, Global Finance Journal, 28, 111-131. Demirgüç-Kunt, A., Detragiache, E., & Tressel, T. (2008). “Banking On The Principles, Compliance With Basel Core Principles And Bank Soundness”. Journal of Financial Intermediation, 17(4), 511-542. Fayed M. E. (2013). “Comparative Performance Study of Conventional and Islamic Banking in Egypt”, Journal of Applied Finance & Banking, 3, (2), 1-14. Erari A, Salim U., Idrus M. S., Djmahir (2013). “Financial Performance Analysis of PT. Bank Papua, Application of Cael, Z-Score and Bankometer”, IOSR Journal of Business and Management, 7 (5), 8-16. Kattel I. K. (2014). “Evaluating the Financial Solvency of Selected Commercial Banks of Nepal”, An Application of Bankometer, Journal of Advanced Economic Research 1 (1), 88-95. Karthikeyan K., Ramasamy K. (2013) “A Study on The Solvency Position of Indian Hotel Industry”. Internatıonal Journal of Management Research And Review, 3 (1), 2214-2223. Kulalı, İ. (2016). “Altman Z-Skor Modelinin Bist Şirketlerinin Finansal Başarısızlık Riskinin Tahmin Edilmesinde Uygulanması”. Uluslararası Yönetim İktisat ve İşletme Dergisi. 12 (27). 283-291. Lee T. H., Chih S. H. (2013) “Does Financial Regulation Affect The Profit Efficiency And Risk Of Banks? Evidence From China’s Commercial Banks”. North American Journal of Economics and Finance. 26, 705-724. Makkar A.,Singh S. (2012). “Evaluating the Financial Soundness of Indian Commercial Banks, An Application of Bankometer”, National Conference on Emerging Challenges for Sustainable Business, India, 118-132. Nagami M., Abirami K. (2017). “Performance of Public Sector Banks in India, An Analytical Study”. Internatıonal Journal of Research In Commerce, Economıcs & Management, 7 (5), 22-27. Nimalathasan B., Balaputhıran S., Priya K. (2012). “Evaluating the Financial Soundness of Selected Commercial Banks in Sri Lanka, An Application of Bankometer Model”, İnternational Journal of Research in Commerce & Management, 3 (11), 12-15. Poyraz, E., Uçma, T. (2006). “Türkiye’de Faaliyet Gösteren İhracatçı Sektörlerin Mali Kriz Ortamlarında Finansal Başarısızlıklarının Altman (Z-Score) Modeli Yardımıyla Ölçülmesi”. Muhasebe ve Finanansman Dergisi, (32), 1-10. Özdemir F. S. (2014). “Halka Açık ve Halka Açık Olmayan İşletmeler Yönüyle Tekdüzen Muhasebe Sistemi ve Altman Z Skor Modellerinin Uygulanabilirliği”. Ege Akademik Bakış. 14 (1), 147-161. Salimi A. Y. (2015). “Validity of Altmans Z-Score Model In Predicting Bankruptcy In Recent Years”, Academy of Accounting & Financial Studies Journal, 19 (2), 233-238. Shar A. H., Shah A. M., Jamali H. (2010). “Performance Evaluation of Banking Sector in Pakistan, An Application of Bankometer”, International Journal of Business and Management, 5, (8), 113-118. Shariq M. (2016). “Bankruptcy Prediction Using the Altman Z-score Model in Oman, A Case Study of Raysut Cement Company SAOG and Its Subsidiaries”, Australasian Accounting, Business and Finance Journal, 10 (4), 70-80. Sherbo A. J., Smith A. J. (2013). “The Altman Z-Score Bankruptcy Model at Age 45, Standing the Test of Time?”. American Bankruptcy Institute Journal, 32 (11), 40-86. Turaboglu, T. T., Erkol, A. Y., & Topaloglu, E. E. (2017). “Finansal Başarısızlık ve Sermaye Yapısı Kararları, BIST 100 Endeksindeki Firmalar Üzerine Bir Uygulama”. Business & Economics Research Journal, 8(2), 247-258. Yameen, İ. Y., Ali, M. S. (2016). “Evaluating the Financial Soundness of the Jordanian Commercial Banks by Applying BankoMeter’s Model”, Research Journal of Finance and Accounting, 7 (2), 124-130. www.tbb.org.tr www.kap.gov.tr
BANKACILIK SEKTÖRÜNDE FİNANSAL RİSKLERİN Z-SKOR VE BANKOMETER METODLARI İLE TESPİTİ, BİST’TE İŞLEM GÖREN TİCARİ BANKALAR ÜZERİNE BİR ARAŞTIRMA
Abstract
Finansal sistemin en temel kuruluşu
olarak kabul edilen bankalar için finansal risk yönetimi, finanslama
faaliyetlerinin ana merkezinde olan aracılık fonksiyonun devamlılığında büyük
önem arz etmektedir. Finansal riskin ölçülmesine yönelik geliştirilmiş pek çok
modelden birisi Altman Z-Skor modelidir. Bu model firmaların finansal
başarısızlıklarını ve iflasa gitme ihtimallerini gösteren çok değişkenli bir
diskriminant analizi olarak ifade edilmektedir. Finansal risk tespitinde
literatüre kazandırılmış bir diğer model Bankometer modelidir. Bankometer modeli
IMF’in bankaların borç ödeme gücünü artırmaya yönelik tavsiyelerinden yola
çıkılarak geliştirilmiş çok değişkenli bir diğer diskriminant analizidir. Bu
çalışma ile, Borsa İstanbul’a kote olmuş ticari bankaların 2012-2016 döneminde finansal
risk düzeyleri her iki model kullanılarak hesaplanmış, finansal riskin
tespitinde kullanılan her iki modelin sonuçlarının tutarlılığı test edilmiştir.
Keywords
References
- Altman, E. I.(1968). “Financial Ratios, Discriminant Analysis and The Prediction of Corporate Bankruptcy”. The Journal of Finance, 23(4), 589-609. Altman E. I. (2000). Predicting Financial Distress of Companies, Revisiting Z-Score and ZETA Models. Stern School of Business, New York University 9-12. Aneja R. Makkar A. (2013). “A Comparative Study of Book Value Insolvencyof Indian Commercial Banks, An Application of Z-Score Model”. The IUP Journal of Financial Risk Management, 10 (2), 19-29. Anita, M, Shevta S. (2012). “Evaluating the Financial Soundness of Indian Commercial Banks, An Application of Bankometer”, National Conference on Emerging Challenges for Sustainable Business, 118-132. Arun R., Kasilingam R. (2011). “Predicting Solvency, Indian IT Companies”. SCMS Journal of Management. January-March. 81-95. Ashaf A. Tariq Y. (2016). “Evaluating the Financial Soundness of Banks, An Application of -Bankometer on Pakistani Listed Banks”. The IUP Journal of Financial Risk Management.13 (3), 47-63. Bourkhis K., Nabi M. S. (2013). “Islamic and Conventional Banks' Soundness During The 2007–2008 Financial Crisis”. Review of Financial Economics, 22, 68-77. Budiman T., Herwany A., Kritanty F. T. (2017). “An Evaluation of Financial Stress for Islamic Banks in Indonesia Using a Bankometer Model”, Journal of Finance and Banking Review, 2 (3), 14-20. Cihak M., Hesse H. (2010). “Islamic Banks and Financial Stability, An Empirical Analysis”. Journal of Financial Service Research. 38, 95-113. Chiaramonte L., Croci E., Poli F. (2015). “Should we trust the Z-score? Evidence from the European Banking Industry”, Global Finance Journal, 28, 111-131. Demirgüç-Kunt, A., Detragiache, E., & Tressel, T. (2008). “Banking On The Principles, Compliance With Basel Core Principles And Bank Soundness”. Journal of Financial Intermediation, 17(4), 511-542. Fayed M. E. (2013). “Comparative Performance Study of Conventional and Islamic Banking in Egypt”, Journal of Applied Finance & Banking, 3, (2), 1-14. Erari A, Salim U., Idrus M. S., Djmahir (2013). “Financial Performance Analysis of PT. Bank Papua, Application of Cael, Z-Score and Bankometer”, IOSR Journal of Business and Management, 7 (5), 8-16. Kattel I. K. (2014). “Evaluating the Financial Solvency of Selected Commercial Banks of Nepal”, An Application of Bankometer, Journal of Advanced Economic Research 1 (1), 88-95. Karthikeyan K., Ramasamy K. (2013) “A Study on The Solvency Position of Indian Hotel Industry”. Internatıonal Journal of Management Research And Review, 3 (1), 2214-2223. Kulalı, İ. (2016). “Altman Z-Skor Modelinin Bist Şirketlerinin Finansal Başarısızlık Riskinin Tahmin Edilmesinde Uygulanması”. Uluslararası Yönetim İktisat ve İşletme Dergisi. 12 (27). 283-291. Lee T. H., Chih S. H. (2013) “Does Financial Regulation Affect The Profit Efficiency And Risk Of Banks? Evidence From China’s Commercial Banks”. North American Journal of Economics and Finance. 26, 705-724. Makkar A.,Singh S. (2012). “Evaluating the Financial Soundness of Indian Commercial Banks, An Application of Bankometer”, National Conference on Emerging Challenges for Sustainable Business, India, 118-132. Nagami M., Abirami K. (2017). “Performance of Public Sector Banks in India, An Analytical Study”. Internatıonal Journal of Research In Commerce, Economıcs & Management, 7 (5), 22-27. Nimalathasan B., Balaputhıran S., Priya K. (2012). “Evaluating the Financial Soundness of Selected Commercial Banks in Sri Lanka, An Application of Bankometer Model”, İnternational Journal of Research in Commerce & Management, 3 (11), 12-15. Poyraz, E., Uçma, T. (2006). “Türkiye’de Faaliyet Gösteren İhracatçı Sektörlerin Mali Kriz Ortamlarında Finansal Başarısızlıklarının Altman (Z-Score) Modeli Yardımıyla Ölçülmesi”. Muhasebe ve Finanansman Dergisi, (32), 1-10. Özdemir F. S. (2014). “Halka Açık ve Halka Açık Olmayan İşletmeler Yönüyle Tekdüzen Muhasebe Sistemi ve Altman Z Skor Modellerinin Uygulanabilirliği”. Ege Akademik Bakış. 14 (1), 147-161. Salimi A. Y. (2015). “Validity of Altmans Z-Score Model In Predicting Bankruptcy In Recent Years”, Academy of Accounting & Financial Studies Journal, 19 (2), 233-238. Shar A. H., Shah A. M., Jamali H. (2010). “Performance Evaluation of Banking Sector in Pakistan, An Application of Bankometer”, International Journal of Business and Management, 5, (8), 113-118. Shariq M. (2016). “Bankruptcy Prediction Using the Altman Z-score Model in Oman, A Case Study of Raysut Cement Company SAOG and Its Subsidiaries”, Australasian Accounting, Business and Finance Journal, 10 (4), 70-80. Sherbo A. J., Smith A. J. (2013). “The Altman Z-Score Bankruptcy Model at Age 45, Standing the Test of Time?”. American Bankruptcy Institute Journal, 32 (11), 40-86. Turaboglu, T. T., Erkol, A. Y., & Topaloglu, E. E. (2017). “Finansal Başarısızlık ve Sermaye Yapısı Kararları, BIST 100 Endeksindeki Firmalar Üzerine Bir Uygulama”. Business & Economics Research Journal, 8(2), 247-258. Yameen, İ. Y., Ali, M. S. (2016). “Evaluating the Financial Soundness of the Jordanian Commercial Banks by Applying BankoMeter’s Model”, Research Journal of Finance and Accounting, 7 (2), 124-130. www.tbb.org.tr www.kap.gov.tr
There are 1 citations in total.
Details
| Primary Language | Turkish |
|---|---|
| Subjects | Business Administration |
| Journal Section | MAIN SECTION |
| Authors | |
| Publication Date | June 22, 2018 |
| Submission Date | January 11, 2018 |
| Published in Issue | Year 2018 Volume: 20 Issue: 2 |
