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Bankaların Türev Ürün Kullanım Yoğunluğunu Etkileyen Faktörlerin Belirlenmesi

Year 2011, Issue: 50, 77 - 94, 01.04.2011

Adem Anbar Değer Alper

Abstract

Bu çalısmanın amacı, bankaya özgü faktörlerin ve makroekonomik degiskenlerin bankaların türev ürün kullanım yogunlukları üzerindeki etkisini incelemektir. 1999-2010 yılları arasında, İstanbul Menkul Kıymetler Borsası’nda (İMKB) islem gören ticari bankaların bilanço ve gelir tablolarından derlenen veriler kullanılmıstır. Tobit regresyon analizinin sonuçlarına göre, özsermaye karlılıgının ve net faiz marjının türev ürün kullanım yogunluyla pozitif iliskili oldugu bulunmustur. Türev ürün kullanım yogunlugu ile aktif büyüklügü, karsılıklar ve faiz oranları arasında ters yönlü bir iliski bulunmustur. Bu sonuçlar, net faiz marjı ve özsermaye karlılıgı daha yüksek ve aktif büyüklügü daha küçük olan bankaların türev ürünleri daha fazla kullanma egiliminde olduklarını göstermektedir.

Keywords

Bilanço-dışı İşlemler Türev Ürünler Türev Piyasalar Türk Bankacılık Sektörü

Examining the Factors that Affect Extent of Banks’ Derivatives Usage

Year 2011, Issue: 50, 77 - 94, 01.04.2011

Adem Anbar Değer Alper

Abstract

Examining the Factors that Affect Extent of Banks’ Derivatives Usage Aim of this study is to examine effects of bank specific factors and macroeconomic variables on extent of derivative used by banks. Data was obtained from balance sheet and income statement of banks which listed on the Istanbul Stock Exchange (ISE) for the 1999-2010 periods. According to the results of Tobit regression analysis, it was found that return on equity and net interest margin was positively related to the extent of derivatives usage. It was found that there was a negative relationship between the extent of derivatives usage and bank size, allowances, and interest rates. These results indicate that the banks with higher return on equity and higher net interest margin, and the banks with smaller asset size tend to use derivatives more intensively.

Keywords

Off-balance Sheet Transactions Derivatives Derivatives Markets Turkish Banking Sector

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Details

Other ID JA79GP62MU
Journal Section Research Article
Authors

Adem Anbar This is me

Değer Alper This is me

Publication Date April 1, 2011
Submission Date April 1, 2011
Published in Issue Year 2011 Issue: 50

Cite

APA Anbar, A., & Alper, D. (2011). Examining the Factors that Affect Extent of Banks’ Derivatives Usage. The Journal of Accounting and Finance(50), 77-94.
AMA Anbar A, Alper D. Examining the Factors that Affect Extent of Banks’ Derivatives Usage. The Journal of Accounting and Finance. April 2011;(50):77-94.
Chicago Anbar, Adem, and Değer Alper. “Examining the Factors That Affect Extent of Banks’ Derivatives Usage”. The Journal of Accounting and Finance, no. 50 (April 2011): 77-94.
EndNote Anbar A, Alper D (April 1, 2011) Examining the Factors that Affect Extent of Banks’ Derivatives Usage. The Journal of Accounting and Finance 50 77–94.
IEEE A. Anbar and D. Alper, “Examining the Factors that Affect Extent of Banks’ Derivatives Usage”, The Journal of Accounting and Finance, no. 50, pp. 77–94, April 2011.
ISNAD Anbar, Adem - Alper, Değer. “Examining the Factors That Affect Extent of Banks’ Derivatives Usage”. The Journal of Accounting and Finance 50 (April 2011), 77-94.
JAMA Anbar A, Alper D. Examining the Factors that Affect Extent of Banks’ Derivatives Usage. The Journal of Accounting and Finance. 2011;:77–94.
MLA Anbar, Adem and Değer Alper. “Examining the Factors That Affect Extent of Banks’ Derivatives Usage”. The Journal of Accounting and Finance, no. 50, 2011, pp. 77-94.
Vancouver Anbar A, Alper D. Examining the Factors that Affect Extent of Banks’ Derivatives Usage. The Journal of Accounting and Finance. 2011(50):77-94.