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Yıl 2016, Cilt 5, Sayı 4, 341 - 350, 30.12.2016
https://doi.org/10.17261/Pressacademia.2017.356

Öz

Kaynakça

  • Abdioglu, N. & Aytekin, S. 2016, “Assessing the factors that impact non-performing loan ratio: an application on deposit banks by using dynamic panel data”, Journal of Business Research Turk, vol. 8, no. 1, pp. 538-555.
  • Aiyar, S., Bergthaler, W., Garrido, J.M., Ilyina, A., Jobst, A., Kang, K., Kovtun, D., Liu, Y., Monaghan, D. & Moretti, M. 2015, “A strategy for resolving Europe’s problem loans”, IMF Staff Discussion Note, No. 15/19.
  • Ashraf, B.N., Arshad, S. & Hu, Y. 2016, “Capital regulation and bank risk-taking behavior: evidence from Pakistan”, International Journal of Financial Studies, vol. 4, no.3, pp. 1-20.
  • Bardhan, S. & Mukherjee, V. 2016, “Bank-specific determinants of nonperforming assets of Indian banks”, International Economics and Economic Policy, vol. 13, no.3, pp. 483–498.
  • Barseghyan, L. 2010, “Non-performing loans, prospective bailouts, and Japan’s slow-down”, Journal of Monetary Economics, vol. 57, no. 7, pp. 873–890.
  • Baselga-Pascual, L., Trujillo-Ponce, A. & Cardone-Riportella, C. 2015, “Factors influencing bank risk in Europe: evidence from the financial crisis”,North American Journal of Economics and Finance, vol. 34, no. C, pp. 138–166.
  • Berger, A. & DeYoung, R. 1997, “Problem loans and cost efficiency in commercial banks”, Journal of Banking and Finance, vol. 21, no. 6, pp. 849–870.
  • Bholat, D., Lastra, R., Markose, S., Miglionico, A. & Sen, K. 2016, “Non-performing loans: regulatory and accounting treatments of assets”,Bank of England Staff Working Paper, No. 594.
  • Boudriga, A., Taktak, N.B. & Jellouli, S. 2009, ”Bank specific, business and institutional environment determinants of nonperforming loans: evidence from MENA countries”, Economic Research Forum, Working Paper 547.
  • Castro, V. 2013,“Macroeconomic determinants of the credit risk in the banking system: the case of the GIPSI”, Economic Modelling, vol. 31, no. C, pp. 672-683.
  • Chaibi, H. & Ftiti, Z. 2015, “Credit risk determinants: evidence from a cross-country study”, Research in International Business and Finance, vol. 33, pp. 1-16.
  • Curak, M., Pepur, S. & Poposki, K. 2013, “Determinants of non-performing loans – evidence from Southeastern European banking systems”, Banks and Bank Systems, vol. 8, no. 1, pp. 45-53.
  • Demirguc-Kunt, A. 1989, “Deposit-institution failures: a review of empirical literature”, Economic Review, vol. 25, no. 4, pp. 2-18.
  • Demirguc-Kunt, A. & Detragiache, E. 1998, “The determinants of banking crises and developed countries”, IMF Staff Papers, vol. 45, no. 1, pp. 81–109.
  • Espinoza, R. & Prasad, A. 2010, “Nonperforming loans in the GCC banking systems and their macroeconomic effects”, IMF Working Paper, No. 10/224.
  • Ghosh, A. 2015, “Banking-industry specific and regional economic determinants of non-performing loans: evidence from US states”, Journal of Financial Stability, vol. 20, pp. 93-104.
  • Gujarati, D.N. 2004, “Basic Econometrics (4th ed.)”, The McGraw-Hill Companies, Avenue of the Americas, New York.
  • Hu, J., Yang, L., & Yung, H. C. 2004, “Ownership and non-performing loans: evidence from Taiwan’s banks”, Developing Economies, vol. 42, no. 3, pp. 405-420.
  • İskenderoğlu, Ö. & Tomak, S. 2013, ”Competition and stability: an analysis of the Turkish banking system”, International Journal of Economics and Financial Issues, Vol. 3, No. 3, pp.752-762 .
  • Jakubik, P. & Reininger, T. 2013, “Determinants of nonperforming loans in Central, Eastern and Southeastern Europe, focus on European economic integration”, OesterreichischeNationalbank, vol. 3,pp. 48–66.
  • Jassaud, N. & Kang, K. 2015, “A strategy for developing a market for nonperforming loans in Italy”, IMF Working Paper, No. 15/24.
  • Kasman, S. & Kasman, A. 2015, “Bank competition, concentration and financial stability in the Turkish banking industry”, Economic Systems, vol. 39, no. 3, pp. 502–517.
  • Klein, N. 2013,“Non-performing loans in CESEE: determinants and impact on macroeconomic performance”, International Monetary Fund Working Paper, No. 13/72.
  • Louizis, D., Vouldis, A. & Metaxas, V. 2012, “Macroeconomic and bank-specific determinants on non-performing loans in Greece: acomparative study of mortgage, business and consumer loan portfolios”, Journal of Banking & Finance, vol. 36,pp. 1012–1027.
  • Makri, V., Tsagkanos, A. &Bellas, A. 2014,“Determinants of non-performing loans: the case of Eurozone”, Panoeconomicus, vol. 61, no. 2, pp. 193-206.
  • Messai, A.S. & Jouini, F. 2013, “Micro and macro determinants of non-performing loans”, International Journal of Economics and Financial Issues,vol. 3, no. 4, pp. 852-860.
  • Nkusu, M. 2011, “Nonperforming loans and macro financial vulnerabilities in advanced economies”, International Monetary Fund Working Paper,No. 11/161.
  • Podpiera, J. & Weill, L. 2008, “Bad luck or bad management? emerging banking market experience”, Journal of Financial Stability, vol. 4, no. 2, pp. 135–148.
  • Reinhart, C. & Rogoff, K. 2011, “From financial crash to debt crisis”, American Economic Review, vol. 101, no. 5, pp. 1676–1706.
  • Sawada, M. 2013, “How does the stock market value bank diversification? empirical evidence from Japanese banks”, Pacific-Basin Finance Journal, vol. 25, pp. 40–61.
  • Singh, A., & Sharma, A.K. 2016, “An empirical analysis of macroeconomic and bank-specific factors affecting liquidity of Indian banks”, Future Business Journal, vol. 2, no. 1, pp. 40–53.
  • Skarica, B. 2014, “Determinants of non-performing loans in Central and Eastern European Countries”, Financial Theory & Practice, vol. 38, no. 1, pp. 37–59.
  • Sorge, M. 2004, “Stress-testing financial systems: an overview of current methodologies”, BIS Working Paper, No. 165.
  • Us, V. 2016, “Determinants of Non-Performing Loans in the Turkish Banking Sector: What Has Changed After the Global Crisis?”, Ekonomi Notlari, No. 16/27:1-14.
  • Vardar, G. 2015, ”Bank Competition, Concentration and Risk-Taking in the Turkish Banking Industry”, Journal of Business, Economics and Finance, Vol. 4, No. 3, 536-567.
  • Yağcılar, G.G. & Demir, S. 2015, “Determination of the factors effecting non-performing loans in Turkish banking sector”, International Journal of Alanya Faculty of Business, vol. 7, no. 1, pp. 221-229.
  • Zeng, S. 2012, “Bank non-performing loans (NPLs): a dynamic model and analysis in China”, Modern Economy, vol. 3, no. 1, pp. 100–110.

DETERMINANTS OF NON-PERFORMING LOANS OF DEPOSIT BANKS IN TURKEY

Yıl 2016, Cilt 5, Sayı 4, 341 - 350, 30.12.2016
https://doi.org/10.17261/Pressacademia.2017.356

Öz

This study empirically analyzes the factors that determine the non-performing loans (so-called bad loans) of 20 deposit banks in Turkey for 2006-2012 period using panel data analysis method. The analysis results reveal that solvency, profitability, credit quality, diversification, economic growth and the recent financial crisis are essential indicators of non-performing loans rate in Turkish banking sector. More specifically, greater profitability and revenue diversification significantly lowers non-performing loans rate, whereas greater capital and loan loss provisions significantly increase non-performing loans rate. In terms of macroeconomic variables, only economic growth has a negative effect on the non-performing loans (NPLs) ratio. Moreover, our results also uncover that deposit banks’ NPLs ratio increases during the latest global financial turmoil period. 

Kaynakça

  • Abdioglu, N. & Aytekin, S. 2016, “Assessing the factors that impact non-performing loan ratio: an application on deposit banks by using dynamic panel data”, Journal of Business Research Turk, vol. 8, no. 1, pp. 538-555.
  • Aiyar, S., Bergthaler, W., Garrido, J.M., Ilyina, A., Jobst, A., Kang, K., Kovtun, D., Liu, Y., Monaghan, D. & Moretti, M. 2015, “A strategy for resolving Europe’s problem loans”, IMF Staff Discussion Note, No. 15/19.
  • Ashraf, B.N., Arshad, S. & Hu, Y. 2016, “Capital regulation and bank risk-taking behavior: evidence from Pakistan”, International Journal of Financial Studies, vol. 4, no.3, pp. 1-20.
  • Bardhan, S. & Mukherjee, V. 2016, “Bank-specific determinants of nonperforming assets of Indian banks”, International Economics and Economic Policy, vol. 13, no.3, pp. 483–498.
  • Barseghyan, L. 2010, “Non-performing loans, prospective bailouts, and Japan’s slow-down”, Journal of Monetary Economics, vol. 57, no. 7, pp. 873–890.
  • Baselga-Pascual, L., Trujillo-Ponce, A. & Cardone-Riportella, C. 2015, “Factors influencing bank risk in Europe: evidence from the financial crisis”,North American Journal of Economics and Finance, vol. 34, no. C, pp. 138–166.
  • Berger, A. & DeYoung, R. 1997, “Problem loans and cost efficiency in commercial banks”, Journal of Banking and Finance, vol. 21, no. 6, pp. 849–870.
  • Bholat, D., Lastra, R., Markose, S., Miglionico, A. & Sen, K. 2016, “Non-performing loans: regulatory and accounting treatments of assets”,Bank of England Staff Working Paper, No. 594.
  • Boudriga, A., Taktak, N.B. & Jellouli, S. 2009, ”Bank specific, business and institutional environment determinants of nonperforming loans: evidence from MENA countries”, Economic Research Forum, Working Paper 547.
  • Castro, V. 2013,“Macroeconomic determinants of the credit risk in the banking system: the case of the GIPSI”, Economic Modelling, vol. 31, no. C, pp. 672-683.
  • Chaibi, H. & Ftiti, Z. 2015, “Credit risk determinants: evidence from a cross-country study”, Research in International Business and Finance, vol. 33, pp. 1-16.
  • Curak, M., Pepur, S. & Poposki, K. 2013, “Determinants of non-performing loans – evidence from Southeastern European banking systems”, Banks and Bank Systems, vol. 8, no. 1, pp. 45-53.
  • Demirguc-Kunt, A. 1989, “Deposit-institution failures: a review of empirical literature”, Economic Review, vol. 25, no. 4, pp. 2-18.
  • Demirguc-Kunt, A. & Detragiache, E. 1998, “The determinants of banking crises and developed countries”, IMF Staff Papers, vol. 45, no. 1, pp. 81–109.
  • Espinoza, R. & Prasad, A. 2010, “Nonperforming loans in the GCC banking systems and their macroeconomic effects”, IMF Working Paper, No. 10/224.
  • Ghosh, A. 2015, “Banking-industry specific and regional economic determinants of non-performing loans: evidence from US states”, Journal of Financial Stability, vol. 20, pp. 93-104.
  • Gujarati, D.N. 2004, “Basic Econometrics (4th ed.)”, The McGraw-Hill Companies, Avenue of the Americas, New York.
  • Hu, J., Yang, L., & Yung, H. C. 2004, “Ownership and non-performing loans: evidence from Taiwan’s banks”, Developing Economies, vol. 42, no. 3, pp. 405-420.
  • İskenderoğlu, Ö. & Tomak, S. 2013, ”Competition and stability: an analysis of the Turkish banking system”, International Journal of Economics and Financial Issues, Vol. 3, No. 3, pp.752-762 .
  • Jakubik, P. & Reininger, T. 2013, “Determinants of nonperforming loans in Central, Eastern and Southeastern Europe, focus on European economic integration”, OesterreichischeNationalbank, vol. 3,pp. 48–66.
  • Jassaud, N. & Kang, K. 2015, “A strategy for developing a market for nonperforming loans in Italy”, IMF Working Paper, No. 15/24.
  • Kasman, S. & Kasman, A. 2015, “Bank competition, concentration and financial stability in the Turkish banking industry”, Economic Systems, vol. 39, no. 3, pp. 502–517.
  • Klein, N. 2013,“Non-performing loans in CESEE: determinants and impact on macroeconomic performance”, International Monetary Fund Working Paper, No. 13/72.
  • Louizis, D., Vouldis, A. & Metaxas, V. 2012, “Macroeconomic and bank-specific determinants on non-performing loans in Greece: acomparative study of mortgage, business and consumer loan portfolios”, Journal of Banking & Finance, vol. 36,pp. 1012–1027.
  • Makri, V., Tsagkanos, A. &Bellas, A. 2014,“Determinants of non-performing loans: the case of Eurozone”, Panoeconomicus, vol. 61, no. 2, pp. 193-206.
  • Messai, A.S. & Jouini, F. 2013, “Micro and macro determinants of non-performing loans”, International Journal of Economics and Financial Issues,vol. 3, no. 4, pp. 852-860.
  • Nkusu, M. 2011, “Nonperforming loans and macro financial vulnerabilities in advanced economies”, International Monetary Fund Working Paper,No. 11/161.
  • Podpiera, J. & Weill, L. 2008, “Bad luck or bad management? emerging banking market experience”, Journal of Financial Stability, vol. 4, no. 2, pp. 135–148.
  • Reinhart, C. & Rogoff, K. 2011, “From financial crash to debt crisis”, American Economic Review, vol. 101, no. 5, pp. 1676–1706.
  • Sawada, M. 2013, “How does the stock market value bank diversification? empirical evidence from Japanese banks”, Pacific-Basin Finance Journal, vol. 25, pp. 40–61.
  • Singh, A., & Sharma, A.K. 2016, “An empirical analysis of macroeconomic and bank-specific factors affecting liquidity of Indian banks”, Future Business Journal, vol. 2, no. 1, pp. 40–53.
  • Skarica, B. 2014, “Determinants of non-performing loans in Central and Eastern European Countries”, Financial Theory & Practice, vol. 38, no. 1, pp. 37–59.
  • Sorge, M. 2004, “Stress-testing financial systems: an overview of current methodologies”, BIS Working Paper, No. 165.
  • Us, V. 2016, “Determinants of Non-Performing Loans in the Turkish Banking Sector: What Has Changed After the Global Crisis?”, Ekonomi Notlari, No. 16/27:1-14.
  • Vardar, G. 2015, ”Bank Competition, Concentration and Risk-Taking in the Turkish Banking Industry”, Journal of Business, Economics and Finance, Vol. 4, No. 3, 536-567.
  • Yağcılar, G.G. & Demir, S. 2015, “Determination of the factors effecting non-performing loans in Turkish banking sector”, International Journal of Alanya Faculty of Business, vol. 7, no. 1, pp. 221-229.
  • Zeng, S. 2012, “Bank non-performing loans (NPLs): a dynamic model and analysis in China”, Modern Economy, vol. 3, no. 1, pp. 100–110.

Ayrıntılar

Konular Sosyal
Bölüm Articles
Yazarlar

Ozcan ISİK
0000-0003-2230-8738


Suleyman BOLAT

Yayımlanma Tarihi 30 Aralık 2016
Yayınlandığı Sayı Yıl 2016, Cilt 5, Sayı 4

Kaynak Göster

APA Isik, O. & Bolat, S. (2016). DETERMINANTS OF NON-PERFORMING LOANS OF DEPOSIT BANKS IN TURKEY . Journal of Business Economics and Finance , 5 (4) , 341-350 . DOI: 10.17261/Pressacademia.2017.356

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