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Türkiye’deki Konvansiyonel ve Katılım Bankacılığının Karşılaştırmalı Analizi: Ücret ve Komisyon Gelirleri, Mevduat Faizleri ve Kârlılık

Yıl 2022, Cilt: 8 Sayı: 1, 78 - 105, 25.03.2022
https://doi.org/10.54427/ijisef.1032979

Öz

Bu çalışmanın amacı Türkiye’deki konvansiyonel ve katılım bankaları arasında kârlılığı belirleyen faktörleri incelemek ve iki banka türü arasındaki ayırıcı unsurları tespit etmektir. 2007-2018 yılları arası çeyreklik veri seti kullanılarak yapılan ekonometrik çalışmada GMM tahmincisi kullanılmıştır. Elde edilen bulgulara göre, iki banka türü arasında önemli farklılıklar bulunmaktadır. Detaylı olarak bakıldığında, katılım bankalarının aktif ve sermaye kârlılığı geleneksel bankalardan daha yüksektir. Mevduat faizi ve kâr payı oranları açısından bakıldığında, katılım bankaları geleneksel bankalardan daha az ödeme yapmaktadırlar. Komisyon ücreti gelirlerinin özellikle geleneksel bankalar açısından daha önemli olduğu tespit edilmiştir. Son olarak, kriz dönemlerinde katılım bankalarının geleneksel bankalara göre daha iyi performans gösterdikleri ortaya konulmuştur.

Kaynakça

  • Abbas, M., Azid, T., & Hj Besar, M. H. A. (2016). Efficiency, effectiveness and performance profile of Islamic and conventional banks in Pakistan. Humanomics, 32(1), 2–18.
  • Angbazo, L. (1997). Commercial bank net interest margins, default risk, interest-rate risk, and off-balance sheet banking, J. Bank. Financ. 21 (1), 55–87.
  • Anbar, A. & Alper, D. (2011). Bank Specific and Macroeconomic Determinants of Commercial Bank Profitability: Empirical Evidence from Turkey, Business and Economics Research Journal, Vol. 2, No. 2, pp. 139-152, 2011.
  • Asian Banker, 2021, https://www.theasianbanker.com/ab500/2018-2019/largest-İslamic-banks
  • Athanasoglou, P.P., Brissimis, S., Panayiotis, P., & Delis, M.D. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. J. Int. Financ. Mark. Inst. Money 121–136.
  • Aydemir, R., & Ovenc, G. (2016). Interest rates, the yield curve and bank profitability in an emerging market economy. Economic Systems, 40(4), 670–682.
  • Bashir, A.H.M. (2003). Determinants of profitability in Islamic banks: some evidence from the Middle East. Islam. Econ. Stud. 11 (1), 31–57.
  • Batir, T., Volkman, D. A., & Gungor, B. (2017). Determinants of Bank Efficiency in Turkey: Participation Banks versus Conventional Banks. Borsa Istanbul 16 Review, 17(2), 86 -96.
  • Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional banking: business model, efficiency and stability. J. Bank. Financ. 37 (2), 433–447.
  • BDDK, (2021), Bankacılık Düzenleme ve Denetleme Kurumu, www.bddk.gov.tr
  • Bourke, P. (1989). Concentration and other determinants of bank profitability in Europe, North America and Australia. J. Bank. Financ. 13, 65–79.
  • Cragg, J.G., & Donald, S.G. (1993). Testing identifiability and specification in instrumental variables models. Econom. Theory 9, 222–240.
  • Dinnar Standard, 2020, https://cdn.salaamgateway.com/special-coverage/sgie19-20/full-report.pdf, 10 Kasım 2021.
  • Davidson, R., & MacKinnon, J.G. (1993). Estimation and Inference in Econometrics. Oxford University Press, Oxford.
  • Greene, W. (2008). Econometric Analysis. Granite Hill Publishers.
  • Hansen, L.P. (1982). Large sample properties of generalized method of moments estimators. Econometrica 1029–1054.
  • Hassan, M.K., & Bashir, A.H.M. (2003). Determinants of Islamic Banking Profitability. 10th ERF Annual Conference, Moroccopp. 16–18.
  • Ho, T. S., & Saunders, A. (1981). The determinants of bank interest margins: theory and empirical evidence. Journal of Financial and Quantitative analysis, 16(4), 581-600.
  • Hutapea, E.G. & Kasri, R.A. (2010), “Bank margindetermination: a comparison between Islamic and conventional banks in Indonesia,” International Journal of Islamic and Middle Eastern Finance and Management, Vol.3 No. 1, pp. 65-82.
  • IFSB, 2021, https://www.ifsb.org/sec03.php, Kasım 2021
  • Ismail F., Majid M. S. A., & Rahim R. A. (2013) Efficiency of Islamic and conventional banks in Malaysia. Journal of Financial Reporting and Accounting, 2013; 11(1):92-107.
  • Johnes, J., Izzedin, M., & Pappas, V. (2013). A comparison of performance of Islamic and conventional banks 2004–2009. Journal of Economic Behaviour and Organization 103, S93–S107.
  • Lee, S. P., & Isa, M. (2017). Determinants of bank margins in a dual banking system. Managerial Finance, 43(6), MF-07-2016-0189.
  • Maudos, J. & Guevara J. V. (2004) Factors explaining the interest margin in the banking sectors of the European Union, Journal of Banking & Finance, Volume 28, Issue 9, 2004, Pages 2259-2281.
  • Minny, M., & Görmüş, Ş. (2017). The impact of interest rate fluctuations on the participation banks profitability: Turkey case. International Journal of Islamic Economics and Finance Studies, 3(2).
  • Mokni R. B. S., & Rachdi H. (2014). Assessing the bank profitability in the Mena Region a comparative analysis between conventional and islamic bank. International Journal of Islamic and Middle Eastern Finance and Management, 7(3), 305-332.
  • Molyneux, P., & Thornton, J. (1992). Determinants of European bank profitability: a note. J. Bank. Financ. 16 (6), 1173–1178.
  • Ozsoy, S. (2012). Katılım Bankacılığına Giriş. Istanbul
  • Qureshi, M. H., & Kalim, R. (2018). How Shariah Compliance and Traditional Banks are Performing? A Case of Pakistan. International Journal of Islamic Economics and Finance Studies, 4(3), 6-20.
  • Rashid, A., & Jabeen, S. (2016). Analyzing performance determinants: Conventional versus Islamic banks in Pakistan. Borsa Istanbul Review, 16, 92–107.
  • Reuters, 2021, https://www.reuters.com/business/finance/global-İslamic-finance-forecast-grow-main-markets-recover-sp-2021-05-03/
  • Rivard, R. J., & Thomas, C. R. (1997). The effect of interstate banking on large bank holding company profitability and risk. Journal of Economics and Business 49(1): 61-76.
  • Sargan, J. D. (1958). ‘The estimation of economic relationships using instrumental variables’, Econometrica, Vol. 26, pp. 393–415.
  • Saunders, A., & Schumacher, L. (2000). The determinants of bank interest rate margins: an international study. J. Int. Money Financ. 19 (6), 813–832.
  • Setyawati, I., Suroso, S., Suryanto, T., & Nurjannah, S.D. (2017). Does Financial Performance of Islamic Banking is better? Panel Data Estimation. European Research Studies Journal, 20(2A), 592-606.
  • Sun, P.H., Mohamad, S., & Ariff, M. (2017). Determinants driving bank performance: a comparison of two types of banks in the OIC. Pac. Basin Financ. J. 42, 193–203.
  • Thomas S. Y. Ho, & Saunders, A. “The Determinants of Bank Interest Margins: Theory and Empirical Evidence.” The Journal of Financial and Quantitative Analysis, vol. 16, no. 4, 1981, pp. 581–600.
  • Thomson Reuters Islamic Finance Development Report 2017. (2017) Erişim: 03 Mart 2018, https://islamicbankers.files.wordpress.com/2017/12/icd-thomson-reuters-islamic-finance-development-report-2017.pdf
  • Ugur, A. & Erkus, H. (2010). Determinants of the Net Interest Margins of Banks in Turkey. Journal of Economic and Social Research. 12. 101-118.
  • Yanikkaya, H., Gumus, N., & Pabuccu, Y. U. (2018). How profitability differs between conventional and Islamic banks: A dynamic panel data approach, Pacific-Basin Finance Journal, Volume 48, 2018, Pages 99-111.
  • Zarrouk, H., Ben Jedidia, K., & Moualhi, M. (2016). Is Islamic bank profitability driven by same forces as conventional banks? International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 46–66.

Comparative Analysis of The Conventional and Participation Banks In Turkey: Fee and Commission Incomes, Deposit Interest Rates and Profitability

Yıl 2022, Cilt: 8 Sayı: 1, 78 - 105, 25.03.2022
https://doi.org/10.54427/ijisef.1032979

Öz

The aim of this study is to examine the factors determining the profitability of conventional and participation banks in Turkey and to identify the distinguishing factors between the two types of banks. The GMM estimator was used in the econometric analysis using the quarterly data between 2007 and 2018. Results suggest the existence of significant differences between the two types of banks. For instance, participation banks have higher return on assets and capital than traditional banks. In terms of deposit interest and profit share rates, participation banks pay less than traditional banks. We also find that commission fee income is more important for traditional banks. Finally, results indicate that participation banks perform better than conventional banks during the crisis period.

Kaynakça

  • Abbas, M., Azid, T., & Hj Besar, M. H. A. (2016). Efficiency, effectiveness and performance profile of Islamic and conventional banks in Pakistan. Humanomics, 32(1), 2–18.
  • Angbazo, L. (1997). Commercial bank net interest margins, default risk, interest-rate risk, and off-balance sheet banking, J. Bank. Financ. 21 (1), 55–87.
  • Anbar, A. & Alper, D. (2011). Bank Specific and Macroeconomic Determinants of Commercial Bank Profitability: Empirical Evidence from Turkey, Business and Economics Research Journal, Vol. 2, No. 2, pp. 139-152, 2011.
  • Asian Banker, 2021, https://www.theasianbanker.com/ab500/2018-2019/largest-İslamic-banks
  • Athanasoglou, P.P., Brissimis, S., Panayiotis, P., & Delis, M.D. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. J. Int. Financ. Mark. Inst. Money 121–136.
  • Aydemir, R., & Ovenc, G. (2016). Interest rates, the yield curve and bank profitability in an emerging market economy. Economic Systems, 40(4), 670–682.
  • Bashir, A.H.M. (2003). Determinants of profitability in Islamic banks: some evidence from the Middle East. Islam. Econ. Stud. 11 (1), 31–57.
  • Batir, T., Volkman, D. A., & Gungor, B. (2017). Determinants of Bank Efficiency in Turkey: Participation Banks versus Conventional Banks. Borsa Istanbul 16 Review, 17(2), 86 -96.
  • Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional banking: business model, efficiency and stability. J. Bank. Financ. 37 (2), 433–447.
  • BDDK, (2021), Bankacılık Düzenleme ve Denetleme Kurumu, www.bddk.gov.tr
  • Bourke, P. (1989). Concentration and other determinants of bank profitability in Europe, North America and Australia. J. Bank. Financ. 13, 65–79.
  • Cragg, J.G., & Donald, S.G. (1993). Testing identifiability and specification in instrumental variables models. Econom. Theory 9, 222–240.
  • Dinnar Standard, 2020, https://cdn.salaamgateway.com/special-coverage/sgie19-20/full-report.pdf, 10 Kasım 2021.
  • Davidson, R., & MacKinnon, J.G. (1993). Estimation and Inference in Econometrics. Oxford University Press, Oxford.
  • Greene, W. (2008). Econometric Analysis. Granite Hill Publishers.
  • Hansen, L.P. (1982). Large sample properties of generalized method of moments estimators. Econometrica 1029–1054.
  • Hassan, M.K., & Bashir, A.H.M. (2003). Determinants of Islamic Banking Profitability. 10th ERF Annual Conference, Moroccopp. 16–18.
  • Ho, T. S., & Saunders, A. (1981). The determinants of bank interest margins: theory and empirical evidence. Journal of Financial and Quantitative analysis, 16(4), 581-600.
  • Hutapea, E.G. & Kasri, R.A. (2010), “Bank margindetermination: a comparison between Islamic and conventional banks in Indonesia,” International Journal of Islamic and Middle Eastern Finance and Management, Vol.3 No. 1, pp. 65-82.
  • IFSB, 2021, https://www.ifsb.org/sec03.php, Kasım 2021
  • Ismail F., Majid M. S. A., & Rahim R. A. (2013) Efficiency of Islamic and conventional banks in Malaysia. Journal of Financial Reporting and Accounting, 2013; 11(1):92-107.
  • Johnes, J., Izzedin, M., & Pappas, V. (2013). A comparison of performance of Islamic and conventional banks 2004–2009. Journal of Economic Behaviour and Organization 103, S93–S107.
  • Lee, S. P., & Isa, M. (2017). Determinants of bank margins in a dual banking system. Managerial Finance, 43(6), MF-07-2016-0189.
  • Maudos, J. & Guevara J. V. (2004) Factors explaining the interest margin in the banking sectors of the European Union, Journal of Banking & Finance, Volume 28, Issue 9, 2004, Pages 2259-2281.
  • Minny, M., & Görmüş, Ş. (2017). The impact of interest rate fluctuations on the participation banks profitability: Turkey case. International Journal of Islamic Economics and Finance Studies, 3(2).
  • Mokni R. B. S., & Rachdi H. (2014). Assessing the bank profitability in the Mena Region a comparative analysis between conventional and islamic bank. International Journal of Islamic and Middle Eastern Finance and Management, 7(3), 305-332.
  • Molyneux, P., & Thornton, J. (1992). Determinants of European bank profitability: a note. J. Bank. Financ. 16 (6), 1173–1178.
  • Ozsoy, S. (2012). Katılım Bankacılığına Giriş. Istanbul
  • Qureshi, M. H., & Kalim, R. (2018). How Shariah Compliance and Traditional Banks are Performing? A Case of Pakistan. International Journal of Islamic Economics and Finance Studies, 4(3), 6-20.
  • Rashid, A., & Jabeen, S. (2016). Analyzing performance determinants: Conventional versus Islamic banks in Pakistan. Borsa Istanbul Review, 16, 92–107.
  • Reuters, 2021, https://www.reuters.com/business/finance/global-İslamic-finance-forecast-grow-main-markets-recover-sp-2021-05-03/
  • Rivard, R. J., & Thomas, C. R. (1997). The effect of interstate banking on large bank holding company profitability and risk. Journal of Economics and Business 49(1): 61-76.
  • Sargan, J. D. (1958). ‘The estimation of economic relationships using instrumental variables’, Econometrica, Vol. 26, pp. 393–415.
  • Saunders, A., & Schumacher, L. (2000). The determinants of bank interest rate margins: an international study. J. Int. Money Financ. 19 (6), 813–832.
  • Setyawati, I., Suroso, S., Suryanto, T., & Nurjannah, S.D. (2017). Does Financial Performance of Islamic Banking is better? Panel Data Estimation. European Research Studies Journal, 20(2A), 592-606.
  • Sun, P.H., Mohamad, S., & Ariff, M. (2017). Determinants driving bank performance: a comparison of two types of banks in the OIC. Pac. Basin Financ. J. 42, 193–203.
  • Thomas S. Y. Ho, & Saunders, A. “The Determinants of Bank Interest Margins: Theory and Empirical Evidence.” The Journal of Financial and Quantitative Analysis, vol. 16, no. 4, 1981, pp. 581–600.
  • Thomson Reuters Islamic Finance Development Report 2017. (2017) Erişim: 03 Mart 2018, https://islamicbankers.files.wordpress.com/2017/12/icd-thomson-reuters-islamic-finance-development-report-2017.pdf
  • Ugur, A. & Erkus, H. (2010). Determinants of the Net Interest Margins of Banks in Turkey. Journal of Economic and Social Research. 12. 101-118.
  • Yanikkaya, H., Gumus, N., & Pabuccu, Y. U. (2018). How profitability differs between conventional and Islamic banks: A dynamic panel data approach, Pacific-Basin Finance Journal, Volume 48, 2018, Pages 99-111.
  • Zarrouk, H., Ben Jedidia, K., & Moualhi, M. (2016). Is Islamic bank profitability driven by same forces as conventional banks? International Journal of Islamic and Middle Eastern Finance and Management, 9(1), 46–66.
Toplam 41 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Ekonomi
Bölüm Makaleler
Yazarlar

Resul Aydemir 0000-0003-1313-0464

Mehmet Kemal Kadıoğlu Bu kişi benim 0000-0002-6041-5406

Gökhan Övenç

Yayımlanma Tarihi 25 Mart 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 8 Sayı: 1

Kaynak Göster

APA Aydemir, R., Kadıoğlu, M. K., & Övenç, G. (2022). Türkiye’deki Konvansiyonel ve Katılım Bankacılığının Karşılaştırmalı Analizi: Ücret ve Komisyon Gelirleri, Mevduat Faizleri ve Kârlılık. International Journal of Islamic Economics and Finance Studies, 8(1), 78-105. https://doi.org/10.54427/ijisef.1032979

25855

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