BibTex RIS Kaynak Göster

Cost Efficiency In Turkish Banking Sector(2005-2013)

Yıl 2016, Cilt: 16 Sayı: 2, 273 - 286, 01.05.2016

Öz

This study examines how credit mechanism works in banking and whether resource allocation between the banks is efficient or not. We use stochastic frontier analysis (SFA) that is one of the parametric methods, by using the database for 21 banks in Turkey for the period of 2005-2013. The weighted average cost efficiency of the banks is measured in comparison with the most efficient bank that performs under the same conditions and that produces the same output with them. According to the analytical findings, we determine that increasing of credit cost affects resource allocation disruptively in financial system. As regards, some suggestions are developed on economic policy via internal and external causilities that bring about cost inefficiency

Kaynakça

  • Aigner, D., Lovell, K. ve Schmidt, P. (1977) “Formulation and Estimation of Stochastic Frontier Production
  • Functions”, Journal of Econometrics, 6: 21-37. Almanidis, P. (2013) “Accounting for heterogeneous technologies in the banking industry: a time-varying stochastic frontier model with threshold effects”,
  • Journal of Productivity Analysis, 39 (2): 191-205. Bankacılık Düzenleme ve Denetleme Kurumu, “Bankacılıkta Yapısal Gelişmeler: 2006-2011”, http:// www.bddk.org.tr/WebSitesi/turkce/Raporlar/
  • Bankacilikta_Yapisal_Gelismeler/Bankacilikta_ Yapisal_Gelismeler.aspx, (06.05.2014).
  • Battese, G. E. ve Corra, G. S. (1977) “Estimation of a
  • Production Frontier Model: With Asslication to the Pastoral Zone off Eastern Australia”, Australian Journal of Agricultural Economics, 21: 169-179. Berger, A. N. ve Humphrey, D. B. (1992) Measurement and Efficiency Issues in Commercial Banking, Output
  • Measurement in the Service Sector, (Ed. Zvi Griliches), The University of Chicago Press, Chicago, 245-300. Berger, A. N. ve Humphrey, D. B. (1997) “Efficiency of Financial Institutions: International Survey and Directions for Future Research”, European Journal of
  • Operational Research, 98(2): 175-212. Christensen, L. R., Jorgenson D. W. ve Lau, L. J. (1973)
  • “Transcendental Logarithmic Production Frontiers”, Review of Economics and Statistics, 55(1): 25-45. Coelli, T., Rao, P. O’Donnell, C. J. ve Battese, G. E. (1998)
  • An Introduction to Efficiency and Productivity Analysis, Springer, USA. Cornwell, C., Schmidt, P. ve Sickles, R. C. (1990)
  • “Production Frontiers with Cross-sectional and Time-series Variation in Efficiency Levels”, Journal of Econometrics, 46(1-2): 185-200. Dikmen, F. H. (2013) “Türk Bankacılık Sektörü İçin
  • Bir Etkinlik Analizi: 2003-2007”, Ekonomik Yaklaşım, (85): 83-120.
  • El-Gamal, M. ve İnanoğlu, H. (2005) “Inefficiency and Heterogeneity in Turkish Banking: 1990-2000”,
  • Journal of Asslied Econometrics, 20: 641-664. George E. Battese ve Timothy J. Coelli, (1992) “Frontier
  • Production Functions, Technical Efficiency and Panel Data: With Application to Paddy Farmers in India”, Journal of Productivity Analysis, 3: 153-169. Günalp, B. ve Çelik, T. (2004) “Türk Bankacılık
  • Sisteminde Piyasa Yapısı ve Performans İlişkilerinin Etkinlik İçin Doğrudan Bir Ölçüt Kullanılarak Test Edilmesi”, Gazi Üniversitesi İ.İ.B.F. Dergisi, 6(3): 31-57. Hancock, D. (1985) “The Financial Firm: Production with Monetary and Nonmonetary Goods”, Journal of
  • Political Economy, 93(5): 859-880. Işık, İ. ve Hassan, M. K. (2002) “Cost and Profit Efficiency of the Turkish Banking Industry: An Emprical
  • Investigation”, The Financial Review, 37: 257-280. Kasman, A. (2002) “Cost Efficiency, Scale Economies and Technological Progress in Turkish Banking”,
  • Karim, M., Chan, S. ve Hassan, S. (2010) “Bank Efficiency and Non-Performing Loans: Evidence from Malaysia and SingaporePrague Economic Papers”, 2: 118-132.
  • Kumbhakar, S. C. (1990) “Production Frontiers, Panel
  • Data and Time-Varying Technical Efficiency”, Journal of Econometrics, 46: 201-212. Kumbhakar, S. C. ve Knox Lovell, C. A. (2003) Stochastic
  • Frontier Analysis, Cambridge University Press, USA. Meeusen, W. ve Van Den Broeck, J. (1977) “Efficiency
  • Estimation from Cobb-Douglas Production Functions with Composed Error”, International Economic Review, (2): 435-444. Mitchell, K. ve Onvural, N. M. (1996) “Economies of
  • Scale and Scope at Large Commercial Banks: Evidence from the Fourier Flexible Functional Form”, Journal of Money, Credit and Banking, 28(2): 178-199. Resti, A. (1997) “Evaluating the Cost Efficiency of the Italian Banking System: What can be Learned from the Join Application of Parametric and Non-parametric
  • Techniques”, Journal of Banking and Finance, 21(2): 225. Sealey, C. W. ve Lindley, J. (1977) “Inputs, Outputs and a Theory of Production and Cost at Depository
  • Financial Institutions”, Journal of Finance, 32(4): 1251
  • Türkiye Bankalar Birliği, “31.12.2013 Tarihi
  • İtibariyle Üye Bankaların Bilgileri”, http://www. tbb.org.tr/modules/banka-bilgileri/banka_Listesi. asp?tarih=31/12/2013, (06.05.2014).
  • Türkiye Bankalar Birliği, Veri Sorgulama Sistemi, Mali Tablolar, bilgileri/veri-sorgulama-sistemi/mali-tablolar/71, (06.05.2014).
  • Türkiye Bankalar Birliği, Bankalarımız 2013, Yayın No:304, İstanbul, 2014.
  • Wang D. ve Kumbhakar, S. C. (2009) “Strategic Groups and Heterogeneous Technologies: An Application to the US Banking Industry”, Macroeconomics and Finance in Emerging Market Economies, 2(1): 31-57.

TÜRK BANKACILIK SEKTÖRÜNDE MALİYET ETKİNLİĞİ (2005-2013)

Yıl 2016, Cilt: 16 Sayı: 2, 273 - 286, 01.05.2016

Öz

Türkiye ekonomisi açısından bağımsız karar alma birimi olan bankalar özelinde kredi mekanizmasının nasıl işlediği, bankalar arasında kaynak tahsisinin hangi ölçüde başarıldığı konusu, bu araştırmanın temel motivasyonunu oluşturmaktadır. Bu çalışmada 2005 – 2013 yılları arasında Türkiye’de faaliyet gösteren 21 bankanın veri tabanından yararlanılarak parametrik yöntemlerden stokastik sınır analizi (SFA) kullanılmaktadır. Aynı koşullarda faaliyet gösteren ve aynı çıktıyı üreten en etkin bankayla karşılaştırmalı olarak, diğer bankaların ağırlıklı ortalama maliyet etkinliği hesaplanmıştır. Elde edilen etkinsizliğin etkileri analizine göre analiz döneminde kredi maliyetlerinde ortaya çıkan belirgin artışların, finans sistemi üzerinde kaynak tahsisini bozucu etkisi belirlenmiştir. Bu bağlamda maliyet etkinsizliğine yol açan içsel ve dışsal nedensellikler tartışılarak politika önermeleri geliştirilmiştir

Kaynakça

  • Aigner, D., Lovell, K. ve Schmidt, P. (1977) “Formulation and Estimation of Stochastic Frontier Production
  • Functions”, Journal of Econometrics, 6: 21-37. Almanidis, P. (2013) “Accounting for heterogeneous technologies in the banking industry: a time-varying stochastic frontier model with threshold effects”,
  • Journal of Productivity Analysis, 39 (2): 191-205. Bankacılık Düzenleme ve Denetleme Kurumu, “Bankacılıkta Yapısal Gelişmeler: 2006-2011”, http:// www.bddk.org.tr/WebSitesi/turkce/Raporlar/
  • Bankacilikta_Yapisal_Gelismeler/Bankacilikta_ Yapisal_Gelismeler.aspx, (06.05.2014).
  • Battese, G. E. ve Corra, G. S. (1977) “Estimation of a
  • Production Frontier Model: With Asslication to the Pastoral Zone off Eastern Australia”, Australian Journal of Agricultural Economics, 21: 169-179. Berger, A. N. ve Humphrey, D. B. (1992) Measurement and Efficiency Issues in Commercial Banking, Output
  • Measurement in the Service Sector, (Ed. Zvi Griliches), The University of Chicago Press, Chicago, 245-300. Berger, A. N. ve Humphrey, D. B. (1997) “Efficiency of Financial Institutions: International Survey and Directions for Future Research”, European Journal of
  • Operational Research, 98(2): 175-212. Christensen, L. R., Jorgenson D. W. ve Lau, L. J. (1973)
  • “Transcendental Logarithmic Production Frontiers”, Review of Economics and Statistics, 55(1): 25-45. Coelli, T., Rao, P. O’Donnell, C. J. ve Battese, G. E. (1998)
  • An Introduction to Efficiency and Productivity Analysis, Springer, USA. Cornwell, C., Schmidt, P. ve Sickles, R. C. (1990)
  • “Production Frontiers with Cross-sectional and Time-series Variation in Efficiency Levels”, Journal of Econometrics, 46(1-2): 185-200. Dikmen, F. H. (2013) “Türk Bankacılık Sektörü İçin
  • Bir Etkinlik Analizi: 2003-2007”, Ekonomik Yaklaşım, (85): 83-120.
  • El-Gamal, M. ve İnanoğlu, H. (2005) “Inefficiency and Heterogeneity in Turkish Banking: 1990-2000”,
  • Journal of Asslied Econometrics, 20: 641-664. George E. Battese ve Timothy J. Coelli, (1992) “Frontier
  • Production Functions, Technical Efficiency and Panel Data: With Application to Paddy Farmers in India”, Journal of Productivity Analysis, 3: 153-169. Günalp, B. ve Çelik, T. (2004) “Türk Bankacılık
  • Sisteminde Piyasa Yapısı ve Performans İlişkilerinin Etkinlik İçin Doğrudan Bir Ölçüt Kullanılarak Test Edilmesi”, Gazi Üniversitesi İ.İ.B.F. Dergisi, 6(3): 31-57. Hancock, D. (1985) “The Financial Firm: Production with Monetary and Nonmonetary Goods”, Journal of
  • Political Economy, 93(5): 859-880. Işık, İ. ve Hassan, M. K. (2002) “Cost and Profit Efficiency of the Turkish Banking Industry: An Emprical
  • Investigation”, The Financial Review, 37: 257-280. Kasman, A. (2002) “Cost Efficiency, Scale Economies and Technological Progress in Turkish Banking”,
  • Karim, M., Chan, S. ve Hassan, S. (2010) “Bank Efficiency and Non-Performing Loans: Evidence from Malaysia and SingaporePrague Economic Papers”, 2: 118-132.
  • Kumbhakar, S. C. (1990) “Production Frontiers, Panel
  • Data and Time-Varying Technical Efficiency”, Journal of Econometrics, 46: 201-212. Kumbhakar, S. C. ve Knox Lovell, C. A. (2003) Stochastic
  • Frontier Analysis, Cambridge University Press, USA. Meeusen, W. ve Van Den Broeck, J. (1977) “Efficiency
  • Estimation from Cobb-Douglas Production Functions with Composed Error”, International Economic Review, (2): 435-444. Mitchell, K. ve Onvural, N. M. (1996) “Economies of
  • Scale and Scope at Large Commercial Banks: Evidence from the Fourier Flexible Functional Form”, Journal of Money, Credit and Banking, 28(2): 178-199. Resti, A. (1997) “Evaluating the Cost Efficiency of the Italian Banking System: What can be Learned from the Join Application of Parametric and Non-parametric
  • Techniques”, Journal of Banking and Finance, 21(2): 225. Sealey, C. W. ve Lindley, J. (1977) “Inputs, Outputs and a Theory of Production and Cost at Depository
  • Financial Institutions”, Journal of Finance, 32(4): 1251
  • Türkiye Bankalar Birliği, “31.12.2013 Tarihi
  • İtibariyle Üye Bankaların Bilgileri”, http://www. tbb.org.tr/modules/banka-bilgileri/banka_Listesi. asp?tarih=31/12/2013, (06.05.2014).
  • Türkiye Bankalar Birliği, Veri Sorgulama Sistemi, Mali Tablolar, bilgileri/veri-sorgulama-sistemi/mali-tablolar/71, (06.05.2014).
  • Türkiye Bankalar Birliği, Bankalarımız 2013, Yayın No:304, İstanbul, 2014.
  • Wang D. ve Kumbhakar, S. C. (2009) “Strategic Groups and Heterogeneous Technologies: An Application to the US Banking Industry”, Macroeconomics and Finance in Emerging Market Economies, 2(1): 31-57.
Toplam 31 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA72YG77ZB
Bölüm Araştırma Makalesi
Yazarlar

A. Elif Ay Yalçınkaya Bu kişi benim

Recep Kök Bu kişi benim

Yayımlanma Tarihi 1 Mayıs 2016
Yayımlandığı Sayı Yıl 2016 Cilt: 16 Sayı: 2

Kaynak Göster

APA Yalçınkaya, A. E. A., & Kök, R. (2016). Cost Efficiency In Turkish Banking Sector(2005-2013). Ege Academic Review, 16(2), 273-286.
AMA Yalçınkaya AEA, Kök R. Cost Efficiency In Turkish Banking Sector(2005-2013). eab. Mayıs 2016;16(2):273-286.
Chicago Yalçınkaya, A. Elif Ay, ve Recep Kök. “Cost Efficiency In Turkish Banking Sector(2005-2013)”. Ege Academic Review 16, sy. 2 (Mayıs 2016): 273-86.
EndNote Yalçınkaya AEA, Kök R (01 Mayıs 2016) Cost Efficiency In Turkish Banking Sector(2005-2013). Ege Academic Review 16 2 273–286.
IEEE A. E. A. Yalçınkaya ve R. Kök, “Cost Efficiency In Turkish Banking Sector(2005-2013)”, eab, c. 16, sy. 2, ss. 273–286, 2016.
ISNAD Yalçınkaya, A. Elif Ay - Kök, Recep. “Cost Efficiency In Turkish Banking Sector(2005-2013)”. Ege Academic Review 16/2 (Mayıs 2016), 273-286.
JAMA Yalçınkaya AEA, Kök R. Cost Efficiency In Turkish Banking Sector(2005-2013). eab. 2016;16:273–286.
MLA Yalçınkaya, A. Elif Ay ve Recep Kök. “Cost Efficiency In Turkish Banking Sector(2005-2013)”. Ege Academic Review, c. 16, sy. 2, 2016, ss. 273-86.
Vancouver Yalçınkaya AEA, Kök R. Cost Efficiency In Turkish Banking Sector(2005-2013). eab. 2016;16(2):273-86.