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Year 2015, Volume: 8 Issue: 3, 1 - 12, 29.07.2015

Abdulvahap Özcan , Cemil Çiftçi

Abstract

The aim of thisstudy is to examine the relationship between concentration and profitability in Turkish deposit banking. In line with this purpose it is investigated that the traditional hypothesis (strcture-conductperformance: SCP) or the efficientstructure hypothesis is valid for this relationship. Utilizing 24 deposit Money banks operating in Turkey data for the 2006-2013 period and using panel data techniques it is found that there is a pozitif relationship between the market share and profitability of banks. Moreover, the results support that the competition in deposit banking is high and it is one of the most important determinants of profitability

Keywords

Structure-Conduct-PerformanceHypothesis Efficienct Structure Hypothesis Market Structure

References

  • Abbasoğlu, O.F., Aysan, A.F., & Güneş, A.(2007), Concentration, Competition, Efficiency and Profitability of The Turkish Banking Sector in The Post-Crises Period, Banksand Bank System, 2(3), 106-115.
  • Akıncı, D.A., Matousek, R., Radić, N., & Stewart, C.. (2013). Monetary Policy and The Banking Sector in Turkey, Journal of International Financial Markets, Institutionsand Money, 27, 269-285.
  • Aysan, A.F. & Ceyhan, S.P. (2008), What Determines The Banking Sector Performance in Globalized Financial Markets? The Case of Turkey, Physica A: Statistical Mechanicsandits Applications, 387(7), 1593-1602.
  • Bain, J.S. (1951), Relation of Profit Rate to Industry Concentration: American Manufacturing: 1936-1940, Quarterly Journal of Economics, 65:293-324.
  • Bain, J.S. (1956), Barriersto New Competition: Their Characterand Consequences in ManufacturingIndustries, Cambridge, MA: Harvard ÜniversityPub., UK.
  • Beck, T., Demirgüç Kunt, A., & Levin R. (2005), Bank Concentration and Fragility: Impact and Mechanics, NBER Working Paper Series, no: 11500, Cambridge.
  • Berger, A.N. (1995), Relationship Between Capital and Earnings in Banking, Journal of Money, Credit and Banking, Vol.27, No.2, pp.432-456.
  • Coşkun, M.N. & Diğ. (2012), Türkiye’de Bankacılık Sektörü Piyasa Yapısı, Firma Davranışları ve Rekabet Analizi, Türkiye Bankalar Birliği, Yayın No: 280, İstanbul.
  • Davis, K. (2007), Banking Concentration, Financial Stability and Public Policy, Royal Bank www.rba.gov.au/publications/confs/2007/davis.html(Erişim Tarihi:03.01.2015). Australia Conference Series,
  • Demirgüç Kunt, A. & Huizinga, H. (1999), Determinants of Commercial Bank Interest Margins and Profitability: SomeIinternationalEvidence, The World Bank Economic Review, 13(2), 379-408.
  • Demsetz, H. (1973), Industry Structure, Market Rivalry and Public Policy, Journal of LawandEconomics, 16/1: 1-9.
  • Demsetz, H. (1974), Two Systems of Belief About Monopoly, H. J. Goldschmidt; H. M. Mann and J. F. Weston (der.), IndustrialConcentarion: The New Learning içinde (Little Brown ve Company, Inc.,Boston, 164-184).
  • Dietrich, A. & Wanzenried, G. (2014), The Determinants of Commercial Banking Profitability in Low-,Middle-, and High-IncomeCountries, TheQuarterlyReview of Economics and Finance, 54, 337–354.
  • Fiona, T. (2006), An EmpricalInvestigation of TheEffects of Concetration on ProfitabilityAmaong US Banks, MPRA Paper, No:13731, pp.1-89 http://mpra.ub.uni-muenchen.de/13731/1/MPRA_paper_13731.pdf. (Erişim Tarihi: 23.11.2014).
  • Fukuyama, H. & Matousek, R. (2011), Efficiency of Turkish Banking: Two-Stage Network System Variable Returns to Scale Model, Journal of International Financial Markets, Institutionsand Money, 21(1), 75-91.
  • Guillen, J., Rengifo, E.W., & Özsöz, E. (2014), Relative Power and Efficiency as a Main Determinant of Banks’ Profitability in Latin America, Borsa IstanbulReview 14 (2014) 119-125.
  • Klıç, M. (2011), Cross-Border Bank Acquisitions and Banking Sector Performance: An Turkish Empirical SocialandBehavioralSciences, 24, 946-959. of Banking Sector, Procedia
  • Kosmidou, K., Sailesh T., & Pasıouras, F. (2005), Determinants of Profitability of Domestic UK Commercial Banks: Panel Evidence From Th ePeriod 1995-2002, Economics, Finance and Accounting, AppliedResearchWorkingPaper Series, pp.1- 27.
  • La Manna, M.M.A. (1986), Why Are Profits Correlated With Concentration?, Economics Letters, 22(1), 81-85.
  • Mirzaei, A., Moore, T., & Liu, G. (2013), Does Market Structure Matter on Banks’ Profitability and Stability? Emerging vs. Advanced Economies, Journal of Banking& Finance, 37(8), 2920-2937.
  • Seelantha, L. (2010), Market Structure, Efficiency and Performance of Banking Industry in Sri Lanka, Banksand Bank Systems, 5(1), 20-31.
  • Smirlock, M. (1985), Evidence on the (Non) Relationship Between Concentration and Profitability in Banking, Journal of Money Credit, and Banking, Vol. 17, No. 1,pp. 69-83
  • Turk Ariss, R. (2010), On The Implications of Market Power in Banking: Evidence from Developing Countries, Journal of Banking & Finance, 34(4), 765-775.
  • Uludağ, B.K. & Gökmen, H. (2010), Türk Bankacılık Sektörünün Kârlılığının Dinamik Yaklaşımla Test Edilmesi, 14. Ulusal Finans Sempozyumu, Selçuk Üniversitesi İktisadi ve İdari Bilimler Fakültesi, 3-6 Kasım, Konya, ss.1-18.
  • Uzgören, E. & Tarhan, A. (2012), Türkiye’de Bankacılık Piyasasında Yoğunlaşma-CR4 ve Herfindhal-Hirschman Endeksleri Analiz-, Akademik Bakış Dergisi, Sayı:28, ISSN:1694-528X
  • Weiss, L.W. (1974), The Concentration-Profits Relationship and Antitrust, In Industrial Concentration: The New Learning, edited by H. Goldschmid. H.M. Mann, and J.F. Weston, pp. 184-233. Boston: Little, Brown, and Company.
  • www.tbb.org.tr (Erişim Tarihi:22.11.2014).

TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ)

Year 2015, Volume: 8 Issue: 3, 1 - 12, 29.07.2015

Abdulvahap Özcan , Cemil Çiftçi

Abstract

ÖZET

Bu çalışmanın amacı Türkiye’de mevduat bankacılığında yoğunlaşma ile kârlılık ilişkisini analiz etmektir. Bu doğrultuda yoğunlaşma-kârlılık ilişkisinde geleneksel hipotezin mi (yapı-davranış-performans: SCP) yoksa etkin yapı hipotezinin mi geçerli olduğu araştırılmıştır. Türkiye’de faaliyet gösteren 24 mevduat bankasına yönelik veri kullanılarak ve panel veri yönteminden yararlanarak piyasa payı ve kârlılık arasında pozitif bir ilişki olduğu sonucuna ulaşılmıştır. Bunun yanısıra sonuçlar mevduat bankacılığında rekabetin yüksek olduğunu ve ayrıca rekabetin kârlılığın önemli belirleyicilerinden biri olduğunu göstermektedir.

Anahtar Kelimeler: Yapı-Davranış-Performans (SCP) Hipotezi, Etkin yapı Hipotezi, Piyasa Yapısı, Türk Bankacılık Sektörü.

JEL Sınıflaması: L16, L25, L22,G21

Keywords

Yapı-Davranış-Performans (SCP) Hipotezi Etkin yapı Hipotezi Piyasa Yapısı Türk

References

  • Abbasoğlu, O.F., Aysan, A.F., & Güneş, A.(2007), Concentration, Competition, Efficiency and Profitability of The Turkish Banking Sector in The Post-Crises Period, Banksand Bank System, 2(3), 106-115.
  • Akıncı, D.A., Matousek, R., Radić, N., & Stewart, C.. (2013). Monetary Policy and The Banking Sector in Turkey, Journal of International Financial Markets, Institutionsand Money, 27, 269-285.
  • Aysan, A.F. & Ceyhan, S.P. (2008), What Determines The Banking Sector Performance in Globalized Financial Markets? The Case of Turkey, Physica A: Statistical Mechanicsandits Applications, 387(7), 1593-1602.
  • Bain, J.S. (1951), Relation of Profit Rate to Industry Concentration: American Manufacturing: 1936-1940, Quarterly Journal of Economics, 65:293-324.
  • Bain, J.S. (1956), Barriersto New Competition: Their Characterand Consequences in ManufacturingIndustries, Cambridge, MA: Harvard ÜniversityPub., UK.
  • Beck, T., Demirgüç Kunt, A., & Levin R. (2005), Bank Concentration and Fragility: Impact and Mechanics, NBER Working Paper Series, no: 11500, Cambridge.
  • Berger, A.N. (1995), Relationship Between Capital and Earnings in Banking, Journal of Money, Credit and Banking, Vol.27, No.2, pp.432-456.
  • Coşkun, M.N. & Diğ. (2012), Türkiye’de Bankacılık Sektörü Piyasa Yapısı, Firma Davranışları ve Rekabet Analizi, Türkiye Bankalar Birliği, Yayın No: 280, İstanbul.
  • Davis, K. (2007), Banking Concentration, Financial Stability and Public Policy, Royal Bank www.rba.gov.au/publications/confs/2007/davis.html(Erişim Tarihi:03.01.2015). Australia Conference Series,
  • Demirgüç Kunt, A. & Huizinga, H. (1999), Determinants of Commercial Bank Interest Margins and Profitability: SomeIinternationalEvidence, The World Bank Economic Review, 13(2), 379-408.
  • Demsetz, H. (1973), Industry Structure, Market Rivalry and Public Policy, Journal of LawandEconomics, 16/1: 1-9.
  • Demsetz, H. (1974), Two Systems of Belief About Monopoly, H. J. Goldschmidt; H. M. Mann and J. F. Weston (der.), IndustrialConcentarion: The New Learning içinde (Little Brown ve Company, Inc.,Boston, 164-184).
  • Dietrich, A. & Wanzenried, G. (2014), The Determinants of Commercial Banking Profitability in Low-,Middle-, and High-IncomeCountries, TheQuarterlyReview of Economics and Finance, 54, 337–354.
  • Fiona, T. (2006), An EmpricalInvestigation of TheEffects of Concetration on ProfitabilityAmaong US Banks, MPRA Paper, No:13731, pp.1-89 http://mpra.ub.uni-muenchen.de/13731/1/MPRA_paper_13731.pdf. (Erişim Tarihi: 23.11.2014).
  • Fukuyama, H. & Matousek, R. (2011), Efficiency of Turkish Banking: Two-Stage Network System Variable Returns to Scale Model, Journal of International Financial Markets, Institutionsand Money, 21(1), 75-91.
  • Guillen, J., Rengifo, E.W., & Özsöz, E. (2014), Relative Power and Efficiency as a Main Determinant of Banks’ Profitability in Latin America, Borsa IstanbulReview 14 (2014) 119-125.
  • Klıç, M. (2011), Cross-Border Bank Acquisitions and Banking Sector Performance: An Turkish Empirical SocialandBehavioralSciences, 24, 946-959. of Banking Sector, Procedia
  • Kosmidou, K., Sailesh T., & Pasıouras, F. (2005), Determinants of Profitability of Domestic UK Commercial Banks: Panel Evidence From Th ePeriod 1995-2002, Economics, Finance and Accounting, AppliedResearchWorkingPaper Series, pp.1- 27.
  • La Manna, M.M.A. (1986), Why Are Profits Correlated With Concentration?, Economics Letters, 22(1), 81-85.
  • Mirzaei, A., Moore, T., & Liu, G. (2013), Does Market Structure Matter on Banks’ Profitability and Stability? Emerging vs. Advanced Economies, Journal of Banking& Finance, 37(8), 2920-2937.
  • Seelantha, L. (2010), Market Structure, Efficiency and Performance of Banking Industry in Sri Lanka, Banksand Bank Systems, 5(1), 20-31.
  • Smirlock, M. (1985), Evidence on the (Non) Relationship Between Concentration and Profitability in Banking, Journal of Money Credit, and Banking, Vol. 17, No. 1,pp. 69-83
  • Turk Ariss, R. (2010), On The Implications of Market Power in Banking: Evidence from Developing Countries, Journal of Banking & Finance, 34(4), 765-775.
  • Uludağ, B.K. & Gökmen, H. (2010), Türk Bankacılık Sektörünün Kârlılığının Dinamik Yaklaşımla Test Edilmesi, 14. Ulusal Finans Sempozyumu, Selçuk Üniversitesi İktisadi ve İdari Bilimler Fakültesi, 3-6 Kasım, Konya, ss.1-18.
  • Uzgören, E. & Tarhan, A. (2012), Türkiye’de Bankacılık Piyasasında Yoğunlaşma-CR4 ve Herfindhal-Hirschman Endeksleri Analiz-, Akademik Bakış Dergisi, Sayı:28, ISSN:1694-528X
  • Weiss, L.W. (1974), The Concentration-Profits Relationship and Antitrust, In Industrial Concentration: The New Learning, edited by H. Goldschmid. H.M. Mann, and J.F. Weston, pp. 184-233. Boston: Little, Brown, and Company.
  • www.tbb.org.tr (Erişim Tarihi:22.11.2014).
There are 27 citations in total.

Details

Primary Language Turkish
Journal Section Articles
Authors

Abdulvahap Özcan

Cemil Çiftçi This is me

Publication Date July 29, 2015
Published in Issue Year 2015 Volume: 8 Issue: 3

Cite

APA Özcan, A., & Çiftçi, C. (2015). TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ). Niğde Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 8(3), 1-12.
AMA Özcan A, Çiftçi C. TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ). Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. July 2015;8(3):1-12.
Chicago Özcan, Abdulvahap, and Cemil Çiftçi. “TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ)”. Niğde Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 8, no. 3 (July 2015): 1-12.
EndNote Özcan A, Çiftçi C (July 1, 2015) TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ). Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 8 3 1–12.
IEEE A. Özcan and C. Çiftçi, “TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ)”, Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, vol. 8, no. 3, pp. 1–12, 2015.
ISNAD Özcan, Abdulvahap - Çiftçi, Cemil. “TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ)”. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 8/3 (July 2015), 1-12.
JAMA Özcan A, Çiftçi C. TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ). Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2015;8:1–12.
MLA Özcan, Abdulvahap and Cemil Çiftçi. “TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ)”. Niğde Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, vol. 8, no. 3, 2015, pp. 1-12.
Vancouver Özcan A, Çiftçi C. TÜRKİYE’DE MEVDUAT BANKACILIĞINDA YOĞUNLAŞMA VE KÂRLILIK İLİŞKİSİ (2006-2013 DÖNEMİ). Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2015;8(3):1-12.
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