Türk bankacılık sektöründe kârlılığın belirleyicileri
Özet
Turkish banking sector which not only had sector-specific problems but also was shaped by a macroeconomic environment that can be described by high and chronic inflation, budget deficits and a low annual average growth rate together with an inefficient regulatory and supervisory environment before 2002, has moved to a new plateau since 2002.The consumer price index inflation declined to single-digit levels as of early 2004 and Turkey has experienced 24 quarters of economic growth in a row between 2002 and 2007. During the same period, regulatory and supervisory framework has been strengthened and banks have put in place sophisticated risk management techniques. Capital structure of the banking sector has been improved and the banking sector that concentrated on its conventional role of intermediation, has made profits continuously.In this doctoral thesis, determinants of return on assets (ROA) and return on equity (ROE) for deposit banks and development and investment banks in Turkey was explored in 2002-2007 period using monthly data and aggregate balance sheet of the banks, through multiple regression. Regression results demonstrate that consumer price index inflation and first difference of ratio of off-balance sheet transactions to total assets affect profitability indicators negatively in a statistically significant manner while first differences of industrial production index, the ratio of budget balance to industrial production index and the ratio of equity to total assets affect profitability indicators positively in a statistically significant way.