Efficiency, Ownership and Market Structure, Corporate Control and Governance in the Turkish Banking Industry
分析土耳其银行在组织形式、所有权结构等方面的差异如何影响其效率,发现多项银行特征与效率指标显著相关。
Turkish banks are quite heterogeneous in terms of organizational form, ownership structure, size, age, portfolio concentration, growth prospects and attitude toward risk. They also exhibit strong variations in performance as measured by several efficiency indices. In the light of theoretical advances in corporate finance and financial institutions, this paper is an in‐depth cross‐sectional analysis of the Turkish banking sector, which explores the various bank, market and regulatory characteristics that may explain the efficiency variations across banks. Consistent with the related hypotheses investigated, the results indicate that a number of independent bank characteristics are significantly correlated with various efficiency measures.