BANKA FİNANSMANINDA SÜRÜ DAVRANIŞI: TÜRKİYE’DE KATILIM BANKALARI ÜZERİNE BİR ARAŞTIRMA

Year 2022, Issue: 34, 117 - 128, 31.01.2022

Hilal Hümeyra Erdoğan

https://doi.org/10.18092/ulikidince.940660

Cited By: 1

Abstract

Bu çalışma Türkiye'deki katılım bankalarının kredi kararlarındaki sürü davranışlarını incelemeyi amaçlamaktadır. Sürü davranışı, 2010-2020 dönemleri arasında Lakonishock, Shleifer ve Vishny (LSV) ve Frey, Herbst ve Walter (FHW) ölçümleri kullanılarak analiz edilmiştir. Bununla birlikte, bu çalışma sekiz farklı sektöre verilen krediler için LSV ve FHW değerlerinin hesaplanmasına olanak sağlamaktadır. Sonuçlar, katılım bankalarının kredi kararlarında sürü davranışında bulunduklarını göstermektedir. Öte yandan, bankalar, özellikle piyasadaki dalgalanmalar sırasında daha fazla kredi verme eğiliminde ve bu belirsiz koşullar altında toptan ticaret ve komisyonculuk ile inşaat sektörleri piyasayı domine den sektörler arasında yer almaktadır.

Keywords

Katılım Bankaları, Sürü Davranışı, Türkiye Kredi Piyasası

HERD BEHAVIOR IN BANK LENDING: EVIDENCE FROM PARTICIPATION BANKS IN TURKEY

Abstract

This paper aims to examine participation banks’ herd behavior in their lending decisions in Turkey. Herding was analyzed by using the Lakonishock, Shleifer and Vishny (LSV) and Frey, Herbst and Walter (FHW) herding measures during the period from 2010 to 2020. The study allows to calculate the LSV and FHW measures for loans outstanding to eight different industries, as well. The results provided an evidence of significant herding in participation banks’ lending decisions during the entire sample. On the other hand, banks’ lending decisions tend to be affected more, in particular, during fluctuations in the market and wholesale trade&brokerage and construction industries are dominant borrowers under these uncertain conditions.

Keywords

Participation Banks, Herd Behavior, Turkish Loan Market

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