EXAMINING THE RELATIONSHIP BETWEEN THE TRANSPARENCY SCORES IN BANKING AND FINANCIAL PERFORMANCE INDICATORS

Year 2015, Volume: 17 Issue: 2, 305 - 330, 30.06.2015

Mesut Doğan Bilge Leyli Elitaş Gülsevil Mecek

Abstract

The purpose of this study is to examine the relationship between the transparency scores of banks and financial performance indicators. This study covers 10 banks which are listed in BIST for the period of 2005-2013. The data is analyzed by using panel data analysis. The transparency scores of banks are divided into three categories: transparency scores for ownership structure, transparency scores of financial transparency, transparency scores for board and management structure. According to the findings it is determined that
transparency scores of financial transparency and transparency scores for board have negative relationship with the Tobin’s q. Similarly, transparency scores for ownership structure and transparency scores for management structure have negative relationship with the accounting-based performance indicators; return on assets and return on equity.

Keywords

Transparency, Financial Performance, Banks

BANKALARIN ŞEFFAFLIK DÜZEYLERİ İLE FİNANSAL PERFORMANS GÖSTERGELERİ ARASINDAKİ İLİŞKİNİN TEST EDİLMESİ

Abstract

Bu araştırmanın amacı bankaların şeffaflık düzeyleri ile finansal performans göstergeleri arasındaki ilişkiyi incelemektir. Bu amaçla, hisse senetleri Borsa İstanbul’da (BİST) işlem gören 10 bankanın 2005–2013 yılları arasındaki panel verileri kullanılmıştır. Bankaların şeffaflık düzeyleri; mülkiyet yapısı şeffaflık düzeyi, finansal şeffaflık düzeyi ve yönetim yapısı şeffaflık düzeyi olmak üzere 3 kategoriye ayrılmıştır. Çalışma sonucunda piyasa esaslı performans göstergesi Tobin’s q ile bankaların finansal ve yönetim yapısı şeffaflık
düzeyi arasında negatif ve istatistiksel olarak oldukça anlamlı sonuçlar tespit edilmiştir. Benzer şekilde mülkiyet yapısı ve yönetim yapısı şeffaflık düzeyi ile muhasebe esaslı performans göstergeleri olan varlık karlılığı ve öz sermaye karlılığı arasında negatif ilişkiler belirlenmiştir.

Keywords

Şeffaflık, Finansal Performans, Bankalar

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