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TÜRK BANKACILIK SEKTÖRÜNDE KÂRLILIK VE REKABETİN DEVAMLILIGI

THE PERSISTENCE OF PROFITABILITY AND COMPETITION IN THE TURKISH BANKING SECTOR

Journal Name:

  • Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Publication Year:

  • 2008

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
There is a fast growing empirical literature on the dynamics of competition and the determinants of profitability differences, which undertakes time series analysis of corporate rates of returns using the methodology of 'the persistence of profitability' (PP) studies. However, this literature is mainly concentrated on non-financial sector and the studies employing the PP methodology to the financial sector, namely banking, are very limited. This paper reports on timeseries analysis of the persistence of profitability and the regression analysis that relates the differences in profitability across banks to profitability persistency in the Turkish Banking Sector. Contrary to the previous works on the subject, empirical results suggest that the short term persistence of profits are moderate and above normal profits disappears in the long-run implying the presence of high competition in the sector.
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Abstract (Original Language): 
Rekabetin dinamikleri ve karlılık farklılıkların belirleyenlerini konu alan, 'karlılıgın sürekliligi' (KS) metodolojisi yardımı ile firmaların getiri oranlarının zaman serisi analizini içeren ampirik literatür hızlı bir sekilde gelismektedir. Bununla birlikte, bu literatür genel olarak finansal sektör dısındaki sektörlerde odaklanmıs ve KS metodolojini bankacılık gibi finans sektörüne uygulayan çalısmaların sayısı oldukça sınırlıdır. Bu çalısma, Türk bankacılık sektörü için, karlılıgın sürekliliginin zaman serisi analizinden ve bankalar arası karlılık farklılıklarını karlılıgın sürekliligi ile iliskilendiren regresyon analizinden elde edilen bulguları içermektedir. Bu konudaki önceki çalısmalardan farklı olarak bu çalısmada sunulan ampirik bulgular, karların kısa dönem sürekliliginin ılımlı oldugunu ve uzun dönemde asırı karların kayboldugunu ve haliyle sektördeki rekabetin oldukça yüksek oldugunu göstermektedir.
FULL TEXT (PDF): 
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  • 30
157-167
  • English

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