Evolution of banking efficiency within an unstable macroeconomic environment: The case of Turkish commercial banks

Applied Economics

Volumn 34, Issue 18, 2002, Pages 2289-2301

  Yildirim, Canan ^a  

^a TILBURG UNIVERSITY   (Netherlands)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ECONOMIC INSTABILITY; ECONOMY OF SCALE; PERFORMANCE ASSESSMENT; PROFITABILITY; TECHNICAL EFFICIENCY;

TURKEY;

EID: 0037115145     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/00036840210140146     Document Type: Article

References (43)

1. Abrams, B. A. and Huang, C. J. (1987) Predicting bank failures: the role of structure in affecting recent failure experiences in the USA, Applied Economics, 19, 1291-302.
2. Akgüç, Ö. (1989) 100 Soruda Turkiye'de Bankacilik, 2nd edn, Gerçek Yayinevi, Istanbul.
3. Akyüz, Y. (1990) Financial system and policies in Turkey in the 1980s, in The Political Economy of Turkey (Eds) T. Aricanli and D. Rodrik, The Macmillan Press, London, pp. 98-131.
4. Atiyas, I. (1990) The private sector's response to financial liberalization in Turkey: 1980-82, in The Political Economy of Turkey (Eds) T. Aricanli and D. Rodrik, The Macmillan Press, London, pp. 132-56.
5. Atiyas, I. and Ersel, H. (1994) The impact of financial reform: the Turkish experience, in Financial Reform: Theory and Experience (Eds) G. Jr. Caprio, I. Atiyas, and J. A. Hanson, and Associates, Cambridge University Press, New York, pp. 103-39.
6. Aydinli, I. (1996) Türk Bankacilik Sistemi Piyasa Yapisi: 1991-1994, Sermaye Piyasasi Kurulu, Ankara.
7. Aydogan, K. (1990) An investigation of performance and operational efficiency in Turkish banking industry, Discussion Paper No. 9022, May, Research Department, The Central Bank of the Republic of Turkey, Ankara.
8. Aydogan, K. and Çapoglu, G. (1993) The high spreads and costs of financial intermediation: the Turkish experience 1970-1988, in Financial Liberalization In Turkey: Conference Proceedings held in Washington, USA, on 28-30 December 1990, The Central Bank of the Republic of Turkey, Ankara, pp. 181-96.
9. Banker, R. D., Charnes, A. and Cooper, W. W. (1984) Some models for estimating technical and scale inefficiencies in data envelopment analysis, Management Science, 30, 1078-92.
10. Banks Association of Turkey (1995, 1996, 1999) Banks in Turkey, The Banks Association of Turkey, Ankara.
11. Berger, A. N. and DeYoung, R. (1997) Problem loans and cost efficiency in commercial banks, Journal of Banking and Finance, 21, 849-70.
12. Cole, R. A. and Gunther, J. W. (1995) Separating the likelihood and timing of bank failure, Journal of Banking and Finance, 19, 1073-89.
13. Charnes, A. and Cooper, W. W. (1985) Preface to topics in data envelopment analysis, Annals of Operations Research, 2, 59-94.
14. Charnes, A., Cooper, W. W. and Rhodes, E. (1978) Measuring the efficiency of decision making units, European Journal of Operational Research, 2, 429-44.
15. Denizer, C. (1996) The Effects of Financial Liberalization and New Bank Entry on Market Structure and Competition in Turkey. Working Paper No. 1839, November, World Bank, Washington D.C.
16. Ekinci, N. K. (1996) Financial liberalization under external debt constraints: the case of Turkey, Economic Research Center Working Paper, Middle East Technical University, Ankara.
17. Elyasiani, E. and Mehdian, S. (1995) The comparative efficiency performance of small and large US commercial banks in the pre- and post-deregulation eras, Applied Economics, 27, 1069-79.
18. Espahbodi, P. (1991) Identification of problem banks and binary choice models, Journal of Banking and Finance, 15, 53-71.
19. Farrel, M. J. (1957) The measurement of productive efficiency, Journal of the Royal Statistical Society Series A, 120, 253-81.
20. Favero, C. A. and Papi, L. (1995) Technical efficiency and scale efficiency in the Italian banking sector: a nonparametric approach, Applied Economics, 27, 385-95.
21. Ferrier, G. D. and Lovell, C. A. K. (1990) Measuring cost efficiency in banking: econometric and linear programming evidence, Journal of Econometrics, 46, 229-45.
22. Fukuyama, H. (1993) Technical and scale efficiency of Japanese commercial banks: a nonparametric approach, Applied Economics, 25, 1101-12.
23. Gallo J. G., Apilado, V. P. and Kolari, J. W. (1996) Commercial bank mutual bank activities: implications for bank risk and profitability, Journal of Banking and Finance, 20, 1775-91.
24. Hancock, D. (1985) Bank profitability, interest rates, and monetary policy, Journal of Money, Credit, and Banking, 17, 189-202.
25. Hancock, D. (1986) A model of the financial firm with imperfect asset and deposit elasticities, Journal of Banking and Finance, 10, 37-54.
26. Humphrey, D. B. (1985) Costs and scale economies in bank intermediation, in Handbook for Banking Strategy (Eds) R. C. Aspinwall and R. A. Eisenbeis, John Wiley and Sons, New York, pp. 745-83.
27. International Monetary Fund (1997) Press Information Notice (PIN) Number 97/17. International Monetary Fund, Washington D.C.
28. International Monetary Fund (2000) Turkey: Selected Issues and Statistical Appendix. Country Report Number 00/14, International Monetary Fund, Washington DC.
29. Miller S. M. and Noulas, A. G. (1996) The technical efficiency of large bank production, Journal of Banking and Finance, 20, 495-509.
30. Münir, M. (2000) Turkey - The old economy is dead, let's bury it, Euromoney, April.
31. Norman, M. and Stoker, B. (1991) Data Envelopment Analysis: The Assessment of Performance, John Wiley and Sons, Chichester.
32. Organisation for Economic Co-operation and Development (OECD) (1996) OECD Economic Surveys: Turkey, OECD, Paris.
33. Öncü, A. and Gökçe, D. (1991) Macro-politics of de-regulation and micro-politics of banks, in Strong State and Economic Interest Groups: The Post-1980 Turkish Experience (Ed.) M. Heper, Walter de Gruyter and Co., Berlin, pp. 99-117.
34. Resti, A. (1997) Evaluating the cost-efficiency of the Italian banking system: what can be learned from the joint application of parametric and nonparametric techniques, Journal of Banking and Finance, 21, 221-50.
35. Rogers, K. E. (1998) Nontraditional activities and the efficiency of US commercial banks, Journal of Banking and Finance, 22, 467-82.
36. Saraçoglu, R. (1996) Financial liberalization in Turkey, in Interest Rate Liberalization and Money Market Development: Selected Country Experiences (Eds) H. Mehran, B. Laurens, and M. Quintyn, International Monetary Fund, Washington DC, 111-24.
37. Snowden, P. N. (1996) Financial reform in Turkey since 1980: liberalization without stabilization, in The Economy of Turkey since Liberalization (Eds) S. Togan and V. N. Balasubramanyam, Macmillan Press, London, pp. 67-87.
38. Triplett, J. E. (1992) Banking output, in The New Palgrave Dictionary of Money and Finance (Eds) P. Newman, M. Milgate and J. Eatwell, Macmillan Press, London, pp. 143-5.
39. Wheelock, D. C. and Wilson, P. W. (1995) Explaining bank failures: deposit insurance, regulation, and efficiency, The Review of Economics and Statistics, 77, 689-700.
40. Yeh, Q.-J. (1996) The application of data envelopment analysis in conjunction with financial ratios for bank performance evaluation, Journal of the Operational Research Society, 47, 980-8.
41. Yildirim, C. (1999) Liberalisation before Stabilisation: Policy and Performance in Turkish Banking, PhD Thesis, Lancaster University, Lancaster.
42. Yue, P. (1992) Data envelopment analysis and commercial bank performance: a primer with applications to Missouri banks, Federal Reserve Bank of St. Louis Review, 74, 31-45.
43. Zaim, O. (1995) The effect of financial liberalization on the efficiency of Turkish commercial banks, Applied Financial Economics, 5, 257-64.