The determinants of capital structure in private and foreign deposit bank

Öz

This study analyzes the factors that determine the capital adequacy ratios (CAR) of private and foreign depository banks operating in the Turkish banking sector in the aftermath of the global financial crisis. To this end, the quarterly data of 19 banks for the period 2009Q1-2020 Q3 are employed and the model is estimated by panel data methodology. The dependent variables are loans to assets ratio, deposits to assets ratio, return on equity, owner’s equity to assets ratio, non-performing loans ratio, liquidity ratio, bank’s asset size, economic growth, inflation rate and average CAR of the banking sector. The findings of the study suggest that loans to assets ratio, return on equity, liquidity and economic growth negatively affect CAR. In contrast owner’s equity to assets, size, inflation rate and average CAR of the sector have a significant and positive effect on CAR. The model could not find a significant relationship between CAR and deposits to assets ratio as well as non-performing loans ratio.

Anahtar Kelimeler

• Capital Adequacy Ratio
• Turkish Banking Sector
• Deposit Banks
• Panel Data

Özel ve yabancı sermayeli mevduat bankalarında sermaye yapısının belirleyicileri

Öz

Bu çalışmanın amacı küresel finansal kriz sonrası dönemde Türk bankacılık sektöründe özel ve yabancı mevduat bankalarının sermaye yeterlilik oranlarını (SYR) etkileyen faktörleri ortaya koymaktır. Bu amaçla, 19 bankanın 2009Q1-2020Q3 dönemine ilişkin üç aylık verileri kullanılarak panel veri yöntemiyle model tahmini yapılmıştır. Bağımsız değişkenler olarak kredi ve mevduatın toplam varlıklara oranı, sermayenin alternatif maliyeti, özkaynakların toplam varlıklara oranı, tahsili gecikmiş alacakların kredilere oranı, likidite oranı, bankanın aktif büyüklüğü, ekonomik büyüme oranı, enflasyon oranı ve sektörün ortalama sermaye yeterlilik oranı kullanılmıştır. Sonuç olarak, sermaye yeterlilik oranının kredi oranı, sermayenin alternatif maliyeti, likidite ve büyümeyle negatif, özkaynakların varlıklara oranı, büyüklük, enflasyon ve sektörün ortalama SYR’siyle pozitif ve anlamlı bir ilişkisi olduğu bulgunlanmıştır. Sermaye yeterlilik oranı ile mevduat oranı ve tahsili gecikmiş alacakların kredilere oranı arasında anlamlı bir ilişki tespit edilememiştir.

Anahtar Kelimeler

• Sermaye Yeterlilik Oranı
• Türk Bankacılık Sektörü
• Mevduat Bankaları
• Panel Veri

Destekleyen Kurum

Başkent Üniversiteis

Kaynakça

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