Now showing items 1-6 of 6

  • Competition in Turkish Banking: Impacts of Restructuring and the Global Financial Crisis 

    Authors:Yıldırım, Canan
    Publisher and Date:(Wiley, 2014)
    This paper investigates the evolution of competition in the Turkish banking industry by taking into account the transformation in the sector in the aftermath of the country's financial crisis of 2000 to 2001 and the global financial crisis. The results demonstrate that the level of competition in the system did not increase despite the restructuring that was undertaken and the increased foreign bank participation. In addition the level of competition in the sector deteriorated during the global ...

  • Efficiency in Turkish banking: post-restructuring evidence 

    Turkish banking sector went through a significant restructuring process in the aftermath of the country's financial crisis of 2000-2001. In this paper we analyze the evolution of banking performance using a novel approach due to Ray [(2007). Shadow Profit Maximization and a Measure of Overall Inefficiency. Journal of Productivity Analysis 27 231-236]. We derive shadow unrealized profit scores' as well as shadow input-output prices' for each year and bank in the sector from 2002 to 2011. We argue ...

  • Liberalization Post-Crisis Restructuring and Internationalization in Turkish Banking 

    This study provides a historical review of the transformation of the Turkish banking sector since the initiation of the financial liberalization program in 1980. It demonstrates the roles of macroeconomic institutional and firm-level factors in the evolution of market and ownership structures as well as the performance of the sector. It focuses on the penetration of foreign banks in the Turkish market and the more recently observed entries of Turkish banks into neighboring countries. It contributes ...

  • Market power in CEE banking sectors and the impact of the global financial crisis 

    Authors:Efthyvoulou, Georgios; Yıldırım, Canan
    Publisher and Date:(Elsevier Science Bv, 2014)
    The aim of this study is to undertake an up-to-date assessment of market power in Central and Eastern European banking markets and explore how the global financial crisis has affected market power and what has been the impact of foreign ownership. Three main results emerge. First while there is some convergence in country-level market power during the pre-crisis period the onset of the global crisis has put an end to this process. Second bank-level market power appears to vary significantly with ...

  • Turkey's Outward Foreign Direct Investment: Trends and Patterns of Mergers and Acquisitions 

    The aim of this study is to examine the recent evolution of Turkish outward foreign direct investment together with Turkish firms' cross-border acquisitions across time countries and industries. The article suggests that macro-economic restructuring and institutional reforms together with strengthened competition at home and globally not only allowed but also forced Turkish firms to expand internationally. It shows that Turkish acquisitions are mostly directed towards European countries and are ...

  • Yenilikci kucuk isletmelerin finansmani:Turkiye uygulamasi 

    Authors:Ertugrul, Aysegul
    Publisher and Date:(Kadir Has University, 2011)
    Son yillarda artan rekabet ortaminda isletmelerin finansman yapilari buyuk onem kazanmistir. Finansman konusunda oldukca sikinti ceken Yenilikci Kucuk İsletmelerin (YKÝ) finansman yapilarini ortaya koymak ve bu isletmelerin yasamis olduklari finansman sikintilarini gorebilmek bu calismanin amacini olusturmaktadir. Bu amac dogrultusunda Turkiye.de teknoparklarda faaliyet gosteren YKÝ.ler calismanin orneklemini olusturmustur. YKÝ'lerin finansman yapisini sikintilarini ve isletmelerin finansman ...