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Evaluation of Profitability and Diversity by the Data Envelopment Analysis of the Efficiency on the Growth of the Banks

Year 2018, Volume: 3 Issue: 2, 149 - 163, 11.09.2018
https://doi.org/10.30784/epfad.439724

Abstract

Today,
the banking sector operates in a competitive environment where factors such as
innovativeness, quality and diversity of the service offered, and need for increasing
resource are effective.  It has been
revealed in many academic studies that the Turkish banking sector has performed
well in the face of sector specific and other economic problems with the
successful restructuring process after the financial crises in 2000 and
2001.  In this study, the effects of
profitability and income diversification on growth performance of banks
investigates. For this purpose, 19 banks operating in the sector is obtained
from the second and third quarter financial data for 2015 and the obtained data
are analyzed by data envelopment analysis. In the data envelopment analysis,
the variables of profitability, income diversification and growth are adhered
to and the changes are analyzed by measuring the relative performance of the data
in these periods. According to the findings, it is concluded that the foreign
banks are more effective than the private banks and the public banks.
Underperformance of public banks compared to private and foreign banks indicate
that the increase in profitability, interest and interest income inputs is not
adequately reflected in the output of growth.

References

  • Acharya, V., Hasan, I., & Saunders, A. (2006). Should banks be diversified? Evidence from individual bank loan portfolios. The Journal of Business, 79(3), 1355-1412. doi:10.1086/500679.
  • Boot, A. W. A. (2003). Restructuring in the banking industry with implications for Europe. European Investment Bank (EIB) Papers, 8(1), 109-129. Retrived from http://hdl.handle.net/10419/44831
  • Campa, J., & Kedia, S. (2002). Explaining the diversification discount. The Journal of Finance, 57(4), 1731-1762. doi: 10.1111/1540-6261.00476
  • Valverde, S. C., & Fernandez, F. R. (2007). The determinants of bank margins in European banking. Journal of Banking & Finance, 31(7), 2043-2063. doi: 10.1016/j.jbankfin.2006.06.017
  • Chiorazzo, V., Milani, C., & Salvini, F. (2008). Income diversification and bank performance: Evidence from Italian banks. Journal of Financial Services Research, 33(3), 181-203. doi: 10.1007/s10693-008-0029-4.
  • D’Souza, C., & Lai, A. (2003). Does diversification improve bank efficiency? The evolving financial system and public policy. Bank of Canada Conference, 105-127. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.184.1073&rep=rep1&type=pdf
  • Ebrahim, A. & Hasan, I. (2008). The value relevance of product diversification in commercial banks. Review of Accounting and Finance, 7(1), 24-37. doi:10.1108/14757700810853833
  • Edirisuriya, P., Gunasekarage, A., & Dempsey, M. (2015). Bank diversification, performance and stock market response: Evidence from listed public banks in South Asian countries. Journal of Asian Economics, 41, 69-85. doi: 10.1016/j.asieco.2015.09.003
  • Gürbüz, A. O., Yanık, S., & Aytürk, Y. (2013). Income diversification and bank performance: Evidence from Turkish banking sector. Journal of BRSA Banking and Financial Markets, 7(1), 9-29.
  • Goddard, J. A., Molyneux, P., & Wilson, J. O. (2004). Dynamics of growth and profitability in banking. Journal of Money, Credit, and Banking, 36(6), 1069-1090. doi: 10.1353/mcb.2005.0015
  • Hayden, E., Porath, D., & Westernhagen, N. V. (2007). Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios. Journal of Financial Services Research, 32(3), 123-140. doi: 10.1007/s10693-007-0017-0
  • Kınık, R. Ü. (2010). Bankalarda Ürün Yeniliğinin Müşteri Memnuniyeti Açısından Değerlendirilmesi: Bir Özel Banka Uygulaması (Yüksek Lisans Tezi). Selçuk Üniversitesi, Sosyal Bilimler Enstitüsü, Konya.
  • Lepetit, L., Nys, E., Rous, P., & Tarazi, A. (2008). Bank income structure and risk: An empirical analysis of European banks. Journal of Banking & Finance, 32(8), 1452–1467. doi: 10.1016/j.jbankfin.2007.12.002
  • Mercieca, S., Schaeck, K., & Wolfe, S. (2007). Small European banks: Benefits from diversification? Journal of Banking & Finance, 31(7), 1975-1998. doi: 10.1016/j.jbankfin.2007.01.004.
  • Mishkin, F. S. (2006). Para, bankacılık ve finansal piyasalar iktisadı (N. Engin, Çev. Editörü). Boston: Pearson.
  • Pazarçeviren, S. Y., Celayir, D. ve Sari, E. (2016). Bankacılıkta faaliyet tabanlı maliyetleme ve bireysel bankacılık ürünleri uygulaması. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 15(29), 145-157. Retrieved from https://ticaret.edu.tr/uploads/dosyalar/215/SBD_29_2_2016_Bahar.pdf
  • Penrose, E. G. (1959). The Theory of the Growth of the Firm. New York, NY: Wiley.
  • Saunders, A., Schmid, M., & Walter, I. (2014). Non-interest income and bank performance: Is banks' increased reliance on non-interest income bad? (University of St.Gallen, School of Finance Working No. 2014/17). doi: 10.2139/ssrn.2504675
  • Stiroh, K. J. (2004). Diversification in banking: Is noninterest income the answer? Journal of Money, Credit and Banking, 36(5), 853–882. doi: 10.1353/mcb.2004.0076
  • Turgut, B. (2014). Türk bankacılık sektöründe ürün çeşitlendirmesinin karlılığa olan etkisi. (Yüksek Lisans Tezi). İstanbul Teknik Üniversitesi Fen Bilimleri Enstitüsü, İstanbul.
  • Turkmen, S. Y., & Yigit, I. (2012). Diversification in banking and its effect on banks’ performance: Evidence from Turkey. American International Journal of Contemporary Research, 2(12), 111-119. Retrieved from http://www.aijcrnet.com/journals/Vol_2_No_12_December_2012/12.pdf

Karlılık ve Çeşitlendirmenin Bankaların Büyümesi Üzerindeki Etkinliğinin Veri Zarflama Analizi İle Değerlendirilmesi

Year 2018, Volume: 3 Issue: 2, 149 - 163, 11.09.2018
https://doi.org/10.30784/epfad.439724

Abstract

Günümüzde bankacılık sektörü yenilikçilik,
sunulan hizmetin kalitesi ve çeşitliliği, giderek artan kaynak ihtiyacı gibi
faktörlerin etkin olduğu bir rekabet ortamında faaliyet göstermektedir. 2000 ve
2001 yıllarında yaşanan finansal krizler sonrası başarılı bir şekilde uygulanan
yeniden yapılandırma süreci ile Türk bankacılık sektörü, sektöre özgü ve diğer
ekonomik sorunlar karşısında iyi bir performans sergilediği birçok akademik
çalışmada ortaya konulmuştur. Bu çalışmada bankaların kârlılık ve gelir
çeşitlendirmesinin bankaların büyüme performansları üzerindeki etkileri
araştırılmaktadır. Bu amaçla sektörde faaliyet gösteren 19 bankanın, 2015
yılına ait 2. ve 3. çeyrek finansal verileri elde edilmiş ve elde edilen
veriler veri zarflama analizi ile analiz edilmiştir. Veri zarflama analizinde
kârlılık, gelir çeşitlendirme ve büyüme değişkenlerine bağlı kalınmış ve bu
periyotlarda verilerin görece performansları ölçülerek değişimler analiz
edilmiştir. Bulgulara göre yabancı bankaların söz konusu dönemde özel ve kamu
bankalarına göre daha etkin olduğu görülmektedir. Kamu bankaların özel ve
yabancı bankalara göre düşük performansları kârlılık, faiz dışı ve faiz
gelirleri girdilerindeki artışın büyümeye ait çıktılar üzerinde yeterince
yansıtılmadığını göstermektedir.

References

  • Acharya, V., Hasan, I., & Saunders, A. (2006). Should banks be diversified? Evidence from individual bank loan portfolios. The Journal of Business, 79(3), 1355-1412. doi:10.1086/500679.
  • Boot, A. W. A. (2003). Restructuring in the banking industry with implications for Europe. European Investment Bank (EIB) Papers, 8(1), 109-129. Retrived from http://hdl.handle.net/10419/44831
  • Campa, J., & Kedia, S. (2002). Explaining the diversification discount. The Journal of Finance, 57(4), 1731-1762. doi: 10.1111/1540-6261.00476
  • Valverde, S. C., & Fernandez, F. R. (2007). The determinants of bank margins in European banking. Journal of Banking & Finance, 31(7), 2043-2063. doi: 10.1016/j.jbankfin.2006.06.017
  • Chiorazzo, V., Milani, C., & Salvini, F. (2008). Income diversification and bank performance: Evidence from Italian banks. Journal of Financial Services Research, 33(3), 181-203. doi: 10.1007/s10693-008-0029-4.
  • D’Souza, C., & Lai, A. (2003). Does diversification improve bank efficiency? The evolving financial system and public policy. Bank of Canada Conference, 105-127. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.184.1073&rep=rep1&type=pdf
  • Ebrahim, A. & Hasan, I. (2008). The value relevance of product diversification in commercial banks. Review of Accounting and Finance, 7(1), 24-37. doi:10.1108/14757700810853833
  • Edirisuriya, P., Gunasekarage, A., & Dempsey, M. (2015). Bank diversification, performance and stock market response: Evidence from listed public banks in South Asian countries. Journal of Asian Economics, 41, 69-85. doi: 10.1016/j.asieco.2015.09.003
  • Gürbüz, A. O., Yanık, S., & Aytürk, Y. (2013). Income diversification and bank performance: Evidence from Turkish banking sector. Journal of BRSA Banking and Financial Markets, 7(1), 9-29.
  • Goddard, J. A., Molyneux, P., & Wilson, J. O. (2004). Dynamics of growth and profitability in banking. Journal of Money, Credit, and Banking, 36(6), 1069-1090. doi: 10.1353/mcb.2005.0015
  • Hayden, E., Porath, D., & Westernhagen, N. V. (2007). Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios. Journal of Financial Services Research, 32(3), 123-140. doi: 10.1007/s10693-007-0017-0
  • Kınık, R. Ü. (2010). Bankalarda Ürün Yeniliğinin Müşteri Memnuniyeti Açısından Değerlendirilmesi: Bir Özel Banka Uygulaması (Yüksek Lisans Tezi). Selçuk Üniversitesi, Sosyal Bilimler Enstitüsü, Konya.
  • Lepetit, L., Nys, E., Rous, P., & Tarazi, A. (2008). Bank income structure and risk: An empirical analysis of European banks. Journal of Banking & Finance, 32(8), 1452–1467. doi: 10.1016/j.jbankfin.2007.12.002
  • Mercieca, S., Schaeck, K., & Wolfe, S. (2007). Small European banks: Benefits from diversification? Journal of Banking & Finance, 31(7), 1975-1998. doi: 10.1016/j.jbankfin.2007.01.004.
  • Mishkin, F. S. (2006). Para, bankacılık ve finansal piyasalar iktisadı (N. Engin, Çev. Editörü). Boston: Pearson.
  • Pazarçeviren, S. Y., Celayir, D. ve Sari, E. (2016). Bankacılıkta faaliyet tabanlı maliyetleme ve bireysel bankacılık ürünleri uygulaması. İstanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, 15(29), 145-157. Retrieved from https://ticaret.edu.tr/uploads/dosyalar/215/SBD_29_2_2016_Bahar.pdf
  • Penrose, E. G. (1959). The Theory of the Growth of the Firm. New York, NY: Wiley.
  • Saunders, A., Schmid, M., & Walter, I. (2014). Non-interest income and bank performance: Is banks' increased reliance on non-interest income bad? (University of St.Gallen, School of Finance Working No. 2014/17). doi: 10.2139/ssrn.2504675
  • Stiroh, K. J. (2004). Diversification in banking: Is noninterest income the answer? Journal of Money, Credit and Banking, 36(5), 853–882. doi: 10.1353/mcb.2004.0076
  • Turgut, B. (2014). Türk bankacılık sektöründe ürün çeşitlendirmesinin karlılığa olan etkisi. (Yüksek Lisans Tezi). İstanbul Teknik Üniversitesi Fen Bilimleri Enstitüsü, İstanbul.
  • Turkmen, S. Y., & Yigit, I. (2012). Diversification in banking and its effect on banks’ performance: Evidence from Turkey. American International Journal of Contemporary Research, 2(12), 111-119. Retrieved from http://www.aijcrnet.com/journals/Vol_2_No_12_December_2012/12.pdf
There are 21 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section Makaleler
Authors

Murat Dilmaç 0000-0002-2842-9875

Aslan Gülcü 0000-0001-6857-7760

Serpil Sumer 0000-0001-8452-0393

Publication Date September 11, 2018
Acceptance Date August 28, 2018
Published in Issue Year 2018 Volume: 3 Issue: 2

Cite

APA Dilmaç, M., Gülcü, A., & Sumer, S. (2018). Karlılık ve Çeşitlendirmenin Bankaların Büyümesi Üzerindeki Etkinliğinin Veri Zarflama Analizi İle Değerlendirilmesi. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 3(2), 149-163. https://doi.org/10.30784/epfad.439724