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Market Structure and Profitability Relationship in the Turkish Banking Industry

Yıl 2016, Cilt: 16 Sayı: 2, 363 - 378, 01.05.2016

Öz

The objective of this study is to test five hypotheses that have been proposed in the literature on the relationship between market structure and profitability of the banks operating in the Turkish banking industry during the period of 2001-2014. To achieve this objective, 42 banks’ panel data used in the study for the period of 2001-2014, structureconduct-performance, relative-market-power, efficient structure: X efficiency, efficiency structure: scale efficiency and quiet life hypotheses are tested by performing generalised least squares regression. Consequently, it is determined that structureconduct-performance, relative-market-power and efficiency structure: scale efficiency hypotheses are firmly held and quiet life hypothesis is strongly held in the industry

Kaynakça

  • Abreu, M. ve Mendes, V. (2001) “Commercial Bank
  • Interest Margins and Profitability: Evidence from Some EU Countries” The Proceedings of the Pan- European Conference, The IEFS-UK&University of Macedonia Economic&Social Sciences, Thessaloniki, Greece, May 17–20, Thessaloniki. Afşar, M. (2011) “Küresel Kriz ve Türk Bankacılık
  • Sektörüne Yansımaları” Eskişehir Osmangazi Üniversitesi İİBF Dergisi, 6(2): 143‐171. Al-Jafari, M. K. ve Alchami, M. (2014) “Determinants of Bank Profitability: Evidence from Syria” Journal of
  • Applied Finance & Banking, 4(1): 17-45. Al-Muharrami, S. ve Matthews, K. (2009) “Market
  • Power versus Efficient-Structure in Arab GCC Banking” Cardiff Economics Working Papers, No: 2009/7.
  • Atemkeng, T. ve Nzongang, J. (2006) “Market Structure and Profitability Performance in the Banking Industry of CFA Countries: The Case of Commercial Banks in
  • Cameroon” Journal of Sustainable Development in Africa, 8(2): 1-14. Athanasoglou, P. P., Delis, M. D. ve Staikouras, C. K. (2006) “Determinants of Bank Profitability in the South Eastern European Region” Bank of Greece Working Paper, 47.
  • Athanasoglou, P. P., Brissimis, S. N. ve Delis, M. D. (2008)
  • “Bank-Specific, Industry-Specific and Macroeconomic Determinants of Bank Profitability” International Financial Markets, Institutions&Money, 18: 121-136. Ayadi, I. ve Ellouze, A. (2013) “Market Structure and Performance of Tunisian Banks” International Journal of Economics and Financial Issues, 3(2): 345-354.
  • Ayaydın, H. ve Karakaya, A. (2014) “The Effect of Bank
  • Capital on Profitability and Risk in Turkish Banking” International Journal of Business and Social Science, (1): 252-271. Banker, R. D. (1992) “Estimation of Returns to Scale
  • Using Data Envelopment Analysis” European Journal of Operational Research, 62(1): 74-84. Beck, T., Demirgüç Kunt, A. ve Levine, R. (2003)
  • “Bank Concentration and Crises” National Bureau of Economic Research Working Paper, 9921.
  • Behname, M. (2012) “The Compare of Concentration and Efficiency in Banking Industry: Evidence from the OPEC Countries” Eurasian Journal of Business and Economics, 5(10): 15-24.
  • Bektas, E. (2006) “Test of Market Structure and Profitability in Liberalizing the Deposit Market: The Case of North Cyprus” Problems and Perspectives in Management, 4(2): 62-67.
  • Berger, A. N. ve Hannan, T. H. (1989) “The Price
  • Concentration Relationship in Banking” The Review of Economics and Statistics, 71(2): 291-299. Berger, A. N. (1995) “The Profit-Structure Relationship in Banking-Tests of Market-Power and Efficient
  • Structure Hypotheses” Journal of Money, Credit, and Banking, 27(2): 404-431. Berger, A. N. ve Hannan, T. H. (1997) “Using Efficiency
  • Measures to Distinguish Among Alternative Explanations of the Structure-Performance Relationship in Banking” Managerial Finance, 23: 6-31. Berger, A. N. ve Hannan, T. H. (1998) “The Efficiency
  • Cost of Market Power in the Banking Industry: A Test of The ‘Quiet Life’ and Related Hypotheses” Review of Economics and Statistics, 80: 454-465. Charnes, A., Cooper, W. W., Rhodes, E. (1978)
  • “Measuring the Efficiency of Decision Making Units” European Journal of Operational Research, 2: 429-444. Charnes, A., Cooper, W. W., Lewin, A. Y., Seiford, L. M. (1997) Data Envelopment Analysis: Theory,
  • Methodology and Applications Kluwer Academic Publishers, Massachusetts. Chirwa, E. W. (2003) “Determinants of Commercial
  • Banks’ Profitability in Malawi: A Cointegration Approach” Applied Financial Economics, 13: 565-571. Chortareas, G., Garza Garcia, J. G. ve Girardone, C. (2009) “Banking Sector Performance in Latin
  • America: Market Power versus Efficiency” University of The West of England, Department of Economics, Discussion Papers, 0905.
  • Claeys, S. ve Vennet, R. V. (2008) “Determinants of
  • Bank Interest Margins in Central and Eastern Europe: A Comparison with the West” Economic Systems, (2): 197-216. Cooper, W. W., Seiford, L. M., Tone, K. (2007) DEA:
  • A Comprehensive Text with Models, Applications, References and DEA-Solver Software Kluwer Publication, Boston. Deltuvaite, V. (2009) “The Profit-Structure Relationship in Banking Industry: An Empirical Analysis” In Changes in Social and Business Environment: proceedings of the 3rd international conference, Kaunas University of Technology Panevezys Institute, November 4-5, Lithuania.
  • Deltuvaite, V. (2010) “The Market Structure
  • Profitability Relationship in Banking: Test of the Structure-Conduct-Performance (SCP) Hypothesis in the OECD Countries” Socialiniai Mokslai, 88(41): 50-62. Demirel, O. ve Hatırlı, S. A. (2014) “Teorik Pazar Gücü
  • Modelleri” Süleyman Demirel Üniversitesi Vizyoner Dergisi, 5(10): 96-121. Demirgüç Kunt, A. ve Huizinga, H. (1999)
  • “Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence” World Bank Policy Research Working Paper, 1900.
  • De Guevara, J. F., Maudos, J. ve Perez, F. (2005)
  • “Market Power in European Banking Sector” Journal of Financial Services Research, 27(2): 109-137. Denizer, C. (1997) “The Effects of Financial
  • Liberalization and New Bank Entry on Market Structure and Competition in Turkey” Development Research Group, World Bank. Dietrich, A. ve Wanzenried, G. (2014) “The
  • Determinants of Commercial Banking Profitability in Low-,Middle-, and High-Income Countries” The Quarterly Review of Economics and Finance, 54: 337- Ekren, N. ve Emiral, F. (2002) “Türk Bankacılık
  • Sisteminde Etkinlik Analizi (Veri Zarflama Analizi Uygulaması)” Active Bankacılık ve Finans Dergisi, 24: 32. Evanoff, D. D. ve Fortier, D. L. (1988) “Reevaluation of the Structure-Conduct-Performance Paradigm in
  • Banking” Journal of Financial Services Research, 1: 277- Flamini, V., McDonald, C. ve Schumacher, L. (2009)
  • “The Determinants of Commercial Bank Profitability in Sub-Saharan Africa” IMF Working Papers, 09/15. Fu, X. M. ve Heffernan, S. (2009) “The Effects of Reform on China’s Bank Structure and Performance” Journal of Banking&Finance, 33: 39-52.
  • Gajurel, D. P. ve Pradhan, R. S. (2011) “Structure
  • Performance Relation in Nepalese Banking Industry” International Proceedings of Economic Development and Research, 2: 25-31. Garza-Garcia, J. G. (2012) “Does Market Power
  • Influence Bank Profits in Mexico? A Study on Market Power and Efficiency” Applied Financial Economics, 22: 32. Goldberg, L. G. ve Rai, A. (1996) “The Structure
  • Performance Relationship for European Banking” Journal of Banking and Finance, 20: 745-771. Gonzalez, F. (2005) “Determinants of Bank Market
  • Structure: Efficiency and Political Economy Variables” Fundacion de las Cajas de Ahorros Working Paper, Gonzalez, F. (2009) “Determinants of Bank-Market
  • Structure: Efficiency and Political Economy Variables” Journal of Money, Credit and Banking, 41(4): 735-754. Günalp, B. ve Çelik, T. (2004) “Türk Bankacılık
  • Sektöründe Piyasa Yapısı ve Performans İlişkilerinin Etkinlik İçin Doğrudan Bir Ölçüt Kullanılarak Test Edilmesi” Gazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 6(3): 31-57. İnan, A. (2000) “Banka Etkinliğinin Ölçülmesi ve Düşük
  • Enflasyon Sürecinde Bankacılıkta Etkinlik” Bankacılık Dergisi, 34: 82-97. Jansen, D. ve de Haan, J. (2003) “Increasing
  • Concentration in European Banking: A Macro- Level Analysis” De Nederlandsche Bank Research Memorandum Paper, 743. Jeon, Y. ve Miller, S. M. (2005) “Bank Performance:
  • Market Power or Efficient Structure?” University of Connecticut, Economics Working Paper, 2005-23.
  • Kamau, A. ve Were, M. (2013) “What Drives Banking
  • Sector Performance in Kenya?” Global Business and Economics Research Journal, 2(4): 45-59. Kalirajan, K. ve Shand, R. T. (1999) “Frontier Production
  • Functions and Technical Efficiency Measures” Journal of Economic Surveys, 13(2): 149-172. Kasman, A. (2001) “The Profit-Structure Relationship in the Turkish Banking Industry using Direct Measures of Efficiency” Ege Akademik Bakış Dergisi 1(1): 141-164.
  • Kasman, A., Kasman, S. ve Turgutlu, E. (2011) “Testing
  • Profit and Structure Relationship in the European Banking Markets Using Efficiency Measures” The Developing Economies, 49(4): 404-428. Martin, S. (1988) Industrial Economics: Economic
  • Analysis and Public Policy New York, MacMillan Publishing Company. Maudos, J. (1998) “Market Structure and Performance in Spanish Banking Using A Direct Measure of
  • Efficiency” Applied Financial Economics, 8: 191-200. Mensi S. ve Zouari, A. (2010) “Efficient Structure versus
  • Market Power: Theories and Empirical Evidence” International Journal of Economics and Finance, 2(4): 166. Mensi S. ve Zouari, A. (2011) “Banking Industry,
  • Market Structure and Efficiency: The Revisited Model to Intermediary Hypotheses” International Journal of Economics and Research, 2(1): 23-36. Mirzaei, A., Liu, G. ve Moore, T. (2011) “Does Market
  • Structure Matter on Banks’ Profitability and Stability? Emerging versus Advanced Economies” Brunel University, Economics and Finance Working Paper Series, 11-12. Molyneux, P. ve Thornton, J. (1992) “Determinants of European Bank Profitability: A Note” Journal of
  • Banking and Finance, 16(6): 1173-1178.
  • Molyneux, P. ve Forbes, W. (1995) “Market Structure and Performance in European Banking” Applied Economics, 27(2): 155-159.
  • Nerlove, Marc (2005) Essays in Panel Data Econometrics
  • Cambridge, Cambridge University Press. Okumuş, H. Ş. (2002) “Market Structure and Efficiency as Determinants of Profitability in the Turkish Banking
  • Industry” Yapı Kredi Economic Review, 13: 65–88. Osuagwu, E. (2014) “Determinants of Bank Profitability in Nigeria” International Journal of Economics and Finance, 6(12): 46-63.
  • Özcan, A. ve Çiftçi, C. (2015) “Türkiye’de Mevduat
  • Bankacılığında Yoğunlaşma ve Karlılık İlişkisi (2006- Dönemi)” Niğde Üniversitesi İktisadi ve İdari
  • Bilimler Fakültesi Dergisi, 8(3): 1-12. Park, K. H. ve Weber, W. L. (2006) “Profitability of
  • Korean Banks: Test of Market Structure versus Efficient Structure” Journal of Economics and Business, 58: 222- Pasiouras, F. ve Kosmidou, K. (2007) “Factors
  • Influencing the Profitability of Domestic and Foreign Commercial Banks in the European Union” Research in International Business and Finance, 21(2): 222-237. Pepall, L., Richards, D. J.,ve Norman, G. (2005) Industrial
  • Organization Contemporary Theory&Practice Canada, Thomson South Western. Punt, L. W. ve van Rooij, M. C. J. (1999) “The Profit
  • Structure Relationship, Efficiency and Mergers in the European Banking Industry: an Empirical Assessment” Netherlands Central Bank, WO Research Memoranda, Sarıgül, H. (2013) “Concentration and Profitability in
  • Turkish Banking Industry” Proceedings of the 11th Eurasia Business and Economics Society Conference (EBES), September 12-14, Ekaterinburg. Seelanatha, L. (2010) “Market Structure, Efficiency and Performance of Banking Industry in Sri Lanka”
  • Banks and 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, (1): 69-83. Staikouras, C. K. ve Wood, G. E. (2004) “The
  • Determinants of European Bank Profitability” International Business&Economics Research Journal, (6): 57-68. Tregenna, F. (2009) “The Fat Years: The Structure and Profitability of the US Banking Sector in the pre-Crisis
  • Period” Cambridge Journal of Economics, 33: 609-632. Sueyoshi, T. (1992) “Measuring Technical, Allocative and Overall Efficiencies Using a DEA Algorithm”
  • Journal of the Operational Research Society, 43(2): 141- Ye, Q., Xu, Z. ve Fang, D. (2012) “Market Structure,
  • Performance, and Efficiency of the Chinese Banking Sector” Econ Change Restruct, 45: 337-358.

Türk Bankacılık Endüstrisinde Piyasa Yapısı ve Karlılık İlişkisi

Yıl 2016, Cilt: 16 Sayı: 2, 363 - 378, 01.05.2016

Öz

Bu çalışmanın amacı, 2001-2014 dönemi itibariyle Türk Bankacılık endüstrisinde faaliyet gösteren bankalar için piyasa yapısı ve karlılık arasındaki ilişkiyi literatürde öne sürülen beş hipotez ile test etmektir. Bu amacı gerçekleştirmek üzere 20012014 döneminde 42 bankaya ait panel verilerin kullanıldığı çalışmada, yapı-davranış performans, göreli-piyasa-gücü, etkin yapı: x-etkinliği, etkin yapı: ölçek etkinliği ve rahat yaşam hipotezleri genelleştirilmiş en küçük kareler yöntemiyle test edilmiştir. Sonuç olarak, endüstride yapı-davranışperformans, göreli-piyasa-gücü ve etkin yapı: ölçek etkinliği hipotezlerinin kısmen geçerli olduğu ve rahat yaşam hipotezinin ise güçlü bir biçimde geçerli olduğu tespit edilmiştir

Kaynakça

  • Abreu, M. ve Mendes, V. (2001) “Commercial Bank
  • Interest Margins and Profitability: Evidence from Some EU Countries” The Proceedings of the Pan- European Conference, The IEFS-UK&University of Macedonia Economic&Social Sciences, Thessaloniki, Greece, May 17–20, Thessaloniki. Afşar, M. (2011) “Küresel Kriz ve Türk Bankacılık
  • Sektörüne Yansımaları” Eskişehir Osmangazi Üniversitesi İİBF Dergisi, 6(2): 143‐171. Al-Jafari, M. K. ve Alchami, M. (2014) “Determinants of Bank Profitability: Evidence from Syria” Journal of
  • Applied Finance & Banking, 4(1): 17-45. Al-Muharrami, S. ve Matthews, K. (2009) “Market
  • Power versus Efficient-Structure in Arab GCC Banking” Cardiff Economics Working Papers, No: 2009/7.
  • Atemkeng, T. ve Nzongang, J. (2006) “Market Structure and Profitability Performance in the Banking Industry of CFA Countries: The Case of Commercial Banks in
  • Cameroon” Journal of Sustainable Development in Africa, 8(2): 1-14. Athanasoglou, P. P., Delis, M. D. ve Staikouras, C. K. (2006) “Determinants of Bank Profitability in the South Eastern European Region” Bank of Greece Working Paper, 47.
  • Athanasoglou, P. P., Brissimis, S. N. ve Delis, M. D. (2008)
  • “Bank-Specific, Industry-Specific and Macroeconomic Determinants of Bank Profitability” International Financial Markets, Institutions&Money, 18: 121-136. Ayadi, I. ve Ellouze, A. (2013) “Market Structure and Performance of Tunisian Banks” International Journal of Economics and Financial Issues, 3(2): 345-354.
  • Ayaydın, H. ve Karakaya, A. (2014) “The Effect of Bank
  • Capital on Profitability and Risk in Turkish Banking” International Journal of Business and Social Science, (1): 252-271. Banker, R. D. (1992) “Estimation of Returns to Scale
  • Using Data Envelopment Analysis” European Journal of Operational Research, 62(1): 74-84. Beck, T., Demirgüç Kunt, A. ve Levine, R. (2003)
  • “Bank Concentration and Crises” National Bureau of Economic Research Working Paper, 9921.
  • Behname, M. (2012) “The Compare of Concentration and Efficiency in Banking Industry: Evidence from the OPEC Countries” Eurasian Journal of Business and Economics, 5(10): 15-24.
  • Bektas, E. (2006) “Test of Market Structure and Profitability in Liberalizing the Deposit Market: The Case of North Cyprus” Problems and Perspectives in Management, 4(2): 62-67.
  • Berger, A. N. ve Hannan, T. H. (1989) “The Price
  • Concentration Relationship in Banking” The Review of Economics and Statistics, 71(2): 291-299. Berger, A. N. (1995) “The Profit-Structure Relationship in Banking-Tests of Market-Power and Efficient
  • Structure Hypotheses” Journal of Money, Credit, and Banking, 27(2): 404-431. Berger, A. N. ve Hannan, T. H. (1997) “Using Efficiency
  • Measures to Distinguish Among Alternative Explanations of the Structure-Performance Relationship in Banking” Managerial Finance, 23: 6-31. Berger, A. N. ve Hannan, T. H. (1998) “The Efficiency
  • Cost of Market Power in the Banking Industry: A Test of The ‘Quiet Life’ and Related Hypotheses” Review of Economics and Statistics, 80: 454-465. Charnes, A., Cooper, W. W., Rhodes, E. (1978)
  • “Measuring the Efficiency of Decision Making Units” European Journal of Operational Research, 2: 429-444. Charnes, A., Cooper, W. W., Lewin, A. Y., Seiford, L. M. (1997) Data Envelopment Analysis: Theory,
  • Methodology and Applications Kluwer Academic Publishers, Massachusetts. Chirwa, E. W. (2003) “Determinants of Commercial
  • Banks’ Profitability in Malawi: A Cointegration Approach” Applied Financial Economics, 13: 565-571. Chortareas, G., Garza Garcia, J. G. ve Girardone, C. (2009) “Banking Sector Performance in Latin
  • America: Market Power versus Efficiency” University of The West of England, Department of Economics, Discussion Papers, 0905.
  • Claeys, S. ve Vennet, R. V. (2008) “Determinants of
  • Bank Interest Margins in Central and Eastern Europe: A Comparison with the West” Economic Systems, (2): 197-216. Cooper, W. W., Seiford, L. M., Tone, K. (2007) DEA:
  • A Comprehensive Text with Models, Applications, References and DEA-Solver Software Kluwer Publication, Boston. Deltuvaite, V. (2009) “The Profit-Structure Relationship in Banking Industry: An Empirical Analysis” In Changes in Social and Business Environment: proceedings of the 3rd international conference, Kaunas University of Technology Panevezys Institute, November 4-5, Lithuania.
  • Deltuvaite, V. (2010) “The Market Structure
  • Profitability Relationship in Banking: Test of the Structure-Conduct-Performance (SCP) Hypothesis in the OECD Countries” Socialiniai Mokslai, 88(41): 50-62. Demirel, O. ve Hatırlı, S. A. (2014) “Teorik Pazar Gücü
  • Modelleri” Süleyman Demirel Üniversitesi Vizyoner Dergisi, 5(10): 96-121. Demirgüç Kunt, A. ve Huizinga, H. (1999)
  • “Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence” World Bank Policy Research Working Paper, 1900.
  • De Guevara, J. F., Maudos, J. ve Perez, F. (2005)
  • “Market Power in European Banking Sector” Journal of Financial Services Research, 27(2): 109-137. Denizer, C. (1997) “The Effects of Financial
  • Liberalization and New Bank Entry on Market Structure and Competition in Turkey” Development Research Group, World Bank. Dietrich, A. ve Wanzenried, G. (2014) “The
  • Determinants of Commercial Banking Profitability in Low-,Middle-, and High-Income Countries” The Quarterly Review of Economics and Finance, 54: 337- Ekren, N. ve Emiral, F. (2002) “Türk Bankacılık
  • Sisteminde Etkinlik Analizi (Veri Zarflama Analizi Uygulaması)” Active Bankacılık ve Finans Dergisi, 24: 32. Evanoff, D. D. ve Fortier, D. L. (1988) “Reevaluation of the Structure-Conduct-Performance Paradigm in
  • Banking” Journal of Financial Services Research, 1: 277- Flamini, V., McDonald, C. ve Schumacher, L. (2009)
  • “The Determinants of Commercial Bank Profitability in Sub-Saharan Africa” IMF Working Papers, 09/15. Fu, X. M. ve Heffernan, S. (2009) “The Effects of Reform on China’s Bank Structure and Performance” Journal of Banking&Finance, 33: 39-52.
  • Gajurel, D. P. ve Pradhan, R. S. (2011) “Structure
  • Performance Relation in Nepalese Banking Industry” International Proceedings of Economic Development and Research, 2: 25-31. Garza-Garcia, J. G. (2012) “Does Market Power
  • Influence Bank Profits in Mexico? A Study on Market Power and Efficiency” Applied Financial Economics, 22: 32. Goldberg, L. G. ve Rai, A. (1996) “The Structure
  • Performance Relationship for European Banking” Journal of Banking and Finance, 20: 745-771. Gonzalez, F. (2005) “Determinants of Bank Market
  • Structure: Efficiency and Political Economy Variables” Fundacion de las Cajas de Ahorros Working Paper, Gonzalez, F. (2009) “Determinants of Bank-Market
  • Structure: Efficiency and Political Economy Variables” Journal of Money, Credit and Banking, 41(4): 735-754. Günalp, B. ve Çelik, T. (2004) “Türk Bankacılık
  • Sektöründe Piyasa Yapısı ve Performans İlişkilerinin Etkinlik İçin Doğrudan Bir Ölçüt Kullanılarak Test Edilmesi” Gazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 6(3): 31-57. İnan, A. (2000) “Banka Etkinliğinin Ölçülmesi ve Düşük
  • Enflasyon Sürecinde Bankacılıkta Etkinlik” Bankacılık Dergisi, 34: 82-97. Jansen, D. ve de Haan, J. (2003) “Increasing
  • Concentration in European Banking: A Macro- Level Analysis” De Nederlandsche Bank Research Memorandum Paper, 743. Jeon, Y. ve Miller, S. M. (2005) “Bank Performance:
  • Market Power or Efficient Structure?” University of Connecticut, Economics Working Paper, 2005-23.
  • Kamau, A. ve Were, M. (2013) “What Drives Banking
  • Sector Performance in Kenya?” Global Business and Economics Research Journal, 2(4): 45-59. Kalirajan, K. ve Shand, R. T. (1999) “Frontier Production
  • Functions and Technical Efficiency Measures” Journal of Economic Surveys, 13(2): 149-172. Kasman, A. (2001) “The Profit-Structure Relationship in the Turkish Banking Industry using Direct Measures of Efficiency” Ege Akademik Bakış Dergisi 1(1): 141-164.
  • Kasman, A., Kasman, S. ve Turgutlu, E. (2011) “Testing
  • Profit and Structure Relationship in the European Banking Markets Using Efficiency Measures” The Developing Economies, 49(4): 404-428. Martin, S. (1988) Industrial Economics: Economic
  • Analysis and Public Policy New York, MacMillan Publishing Company. Maudos, J. (1998) “Market Structure and Performance in Spanish Banking Using A Direct Measure of
  • Efficiency” Applied Financial Economics, 8: 191-200. Mensi S. ve Zouari, A. (2010) “Efficient Structure versus
  • Market Power: Theories and Empirical Evidence” International Journal of Economics and Finance, 2(4): 166. Mensi S. ve Zouari, A. (2011) “Banking Industry,
  • Market Structure and Efficiency: The Revisited Model to Intermediary Hypotheses” International Journal of Economics and Research, 2(1): 23-36. Mirzaei, A., Liu, G. ve Moore, T. (2011) “Does Market
  • Structure Matter on Banks’ Profitability and Stability? Emerging versus Advanced Economies” Brunel University, Economics and Finance Working Paper Series, 11-12. Molyneux, P. ve Thornton, J. (1992) “Determinants of European Bank Profitability: A Note” Journal of
  • Banking and Finance, 16(6): 1173-1178.
  • Molyneux, P. ve Forbes, W. (1995) “Market Structure and Performance in European Banking” Applied Economics, 27(2): 155-159.
  • Nerlove, Marc (2005) Essays in Panel Data Econometrics
  • Cambridge, Cambridge University Press. Okumuş, H. Ş. (2002) “Market Structure and Efficiency as Determinants of Profitability in the Turkish Banking
  • Industry” Yapı Kredi Economic Review, 13: 65–88. Osuagwu, E. (2014) “Determinants of Bank Profitability in Nigeria” International Journal of Economics and Finance, 6(12): 46-63.
  • Özcan, A. ve Çiftçi, C. (2015) “Türkiye’de Mevduat
  • Bankacılığında Yoğunlaşma ve Karlılık İlişkisi (2006- Dönemi)” Niğde Üniversitesi İktisadi ve İdari
  • Bilimler Fakültesi Dergisi, 8(3): 1-12. Park, K. H. ve Weber, W. L. (2006) “Profitability of
  • Korean Banks: Test of Market Structure versus Efficient Structure” Journal of Economics and Business, 58: 222- Pasiouras, F. ve Kosmidou, K. (2007) “Factors
  • Influencing the Profitability of Domestic and Foreign Commercial Banks in the European Union” Research in International Business and Finance, 21(2): 222-237. Pepall, L., Richards, D. J.,ve Norman, G. (2005) Industrial
  • Organization Contemporary Theory&Practice Canada, Thomson South Western. Punt, L. W. ve van Rooij, M. C. J. (1999) “The Profit
  • Structure Relationship, Efficiency and Mergers in the European Banking Industry: an Empirical Assessment” Netherlands Central Bank, WO Research Memoranda, Sarıgül, H. (2013) “Concentration and Profitability in
  • Turkish Banking Industry” Proceedings of the 11th Eurasia Business and Economics Society Conference (EBES), September 12-14, Ekaterinburg. Seelanatha, L. (2010) “Market Structure, Efficiency and Performance of Banking Industry in Sri Lanka”
  • Banks and 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, (1): 69-83. Staikouras, C. K. ve Wood, G. E. (2004) “The
  • Determinants of European Bank Profitability” International Business&Economics Research Journal, (6): 57-68. Tregenna, F. (2009) “The Fat Years: The Structure and Profitability of the US Banking Sector in the pre-Crisis
  • Period” Cambridge Journal of Economics, 33: 609-632. Sueyoshi, T. (1992) “Measuring Technical, Allocative and Overall Efficiencies Using a DEA Algorithm”
  • Journal of the Operational Research Society, 43(2): 141- Ye, Q., Xu, Z. ve Fang, D. (2012) “Market Structure,
  • Performance, and Efficiency of the Chinese Banking Sector” Econ Change Restruct, 45: 337-358.
Toplam 77 adet kaynakça vardır.

Ayrıntılar

Diğer ID JA64SN47SP
Bölüm Araştırma Makalesi
Yazarlar

Gürkan Çalmaşur Bu kişi benim

Hüseyin Daştan Bu kişi benim

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

Kaynak Göster

APA Çalmaşur, G., & Daştan, H. (2016). Market Structure and Profitability Relationship in the Turkish Banking Industry. Ege Academic Review, 16(2), 363-378.
AMA Çalmaşur G, Daştan H. Market Structure and Profitability Relationship in the Turkish Banking Industry. eab. Mayıs 2016;16(2):363-378.
Chicago Çalmaşur, Gürkan, ve Hüseyin Daştan. “Market Structure and Profitability Relationship in the Turkish Banking Industry”. Ege Academic Review 16, sy. 2 (Mayıs 2016): 363-78.
EndNote Çalmaşur G, Daştan H (01 Mayıs 2016) Market Structure and Profitability Relationship in the Turkish Banking Industry. Ege Academic Review 16 2 363–378.
IEEE G. Çalmaşur ve H. Daştan, “Market Structure and Profitability Relationship in the Turkish Banking Industry”, eab, c. 16, sy. 2, ss. 363–378, 2016.
ISNAD Çalmaşur, Gürkan - Daştan, Hüseyin. “Market Structure and Profitability Relationship in the Turkish Banking Industry”. Ege Academic Review 16/2 (Mayıs 2016), 363-378.
JAMA Çalmaşur G, Daştan H. Market Structure and Profitability Relationship in the Turkish Banking Industry. eab. 2016;16:363–378.
MLA Çalmaşur, Gürkan ve Hüseyin Daştan. “Market Structure and Profitability Relationship in the Turkish Banking Industry”. Ege Academic Review, c. 16, sy. 2, 2016, ss. 363-78.
Vancouver Çalmaşur G, Daştan H. Market Structure and Profitability Relationship in the Turkish Banking Industry. eab. 2016;16(2):363-78.