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Examination of the Turkish Banking Sector with the Gray Relational Analysis Method

Year 2023, Volume: 5 Issue: 1, 52 - 64, 30.06.2023

Abstract

This study aimed to use gray relational analysis to determine the "new normal" and optimal situation in the Turkish banking sector. The study covers the 72-month period between January 2017 and January 2023, using monthly data from the Banking Regulation and Supervision Agency (BDDK) and Borsa Istanbul Banking Sector Index (XBank). The results show that the order of the index change and the gray order yields the same result for determining the top two positions, and the results for determining the optimal situation are similar. However, the results differ in determining the average situation and rank, which may be influenced by various factors such as new policies and the COVID-19 pandemic. To obtain more reliable results, it is recommended to increase the number of observations and conduct further evaluations.

References

  • BDDK. (2023, February). Aylık Bankacılık Sektörü Verileri. Retrieved February 25, 2023, from https://www.bddk.org.tr/BultenAylik
  • Çakır, E. (2017). Selecting Contractor Company in Urban Transformation Using SWARA - Gray Relationship Analysis Method. The Journal of International Scientific Researches, 2(6), 79–95. https://doi.org/10.23834/isrjournal.327313
  • Chen, N. (2022). Analysis of the Correlation between Cross-Border E-Commerce and Economic Growth Based on Hierarchical Multilevel Gray Evaluation Model. Journal of Mathematics, 2022, 1–10. https://doi.org/10.1155/2022/8455404
  • Daver, G. (2020). CAMELS Bileşenleri Temelinde TOPSIS Yöntemiyle Banka Performans Analizi. Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 23(43), 181–198. https://doi.org/10.31795/baunsobed.671811
  • Diken. (2022, September 15). Nebati yatırım tavsiye etmişti: Banka endeksinde üç günde yüzde 25 kayıp. Retrieved February 26, 2023, from https://www.diken.com.tr/nebati-yatirim-tavsiye-etmisti-banka-endeksinde-uc-gunde-yuzde-25-kayip/
  • Dünya Gazetesi. (2022, December 31). Borsa İstanbul’dan tarihi başarı! 2022’nin yıldızı oldu. Https://Www.Dunya.Com/Ekonomi/Borsa-Istanbuldan-Tarihi-Basari-2022nin-Yildizi-Oldu-Haberi-679988. Retrieved from https://www.dunya.com/ekonomi/borsa-istanbuldan-tarihi-basari-2022nin-yildizi-oldu-haberi-679988
  • Girish, B. M., Siddesh, H. S., & Satish, B. M. (2019). Taguchi grey relational analysis for parametric optimization of severe plastic deformation process. SN Applied Sciences, 1(8), 937. https://doi.org/10.1007/s42452-019-0982-6
  • HaberTürk. (2022, October 17). Bankalar uçtu Borsa İstanbul’da rekor geldi. Retrieved February 26, 2023, from https://www.haberturk.com/bankalar-uctu-borsa-istanbul-da-rekor-geldi-3530049-ekonomi
  • HalkTv Web. (2022, December 19). Borsada yeni rekor, bankacılık endeksi uçtu. Retrieved February 26, 2023, from https://halktv.com.tr/ekonomi/borsada-yeni-rekor-bankacilik-endeksi-uctu-708720h
  • Hürriyet. (2022, December 12). Borsa günü rekor seviyede kapattı. Son Dakika Ekonomi Haberleri - Bigpara. Retrieved from https://www.hurriyet.com.tr/ekonomi/borsa-gunu-rekor-seviyede-kapatti-42186445
  • Jozić, S., Bajić, D., & Celent, L. (2015). Application of compressed cold air cooling: achieving multiple performance characteristics in end milling process. Journal of Cleaner Production, 100, 325–332. https://doi.org/10.1016/j.jclepro.2015.03.095
  • Julong, D. (1989). Introduction to Grey System Theory. The Journal of Grey System, 1, 1–24. Retrieved from https://uranos.ch/research/references/Julong_1989/10.1.1.678.3477.pdf
  • Kanat, E. (2019). Gri İlişkisel Analiz Yöntemiyle Kamu Ve Özel Bankaların Performanslarının Karşılaştırılması. Akademik Sosyal Araştırmalar Dergisi, 7(96), 135–146. https://doi.org/10.29228/ASOS.36675
  • Kang, X. (2020). Combining Grey Relationship Analysis and Neural Network to Develop Attractive Automobile Booth Design. Computational Intelligence and Neuroscience, 2020, 1–13. https://doi.org/10.1155/2020/8863727
  • Kurt Gümüş, G., & Balcı, N. (2020). Performance evaluation of Turkish public university hospitals with grey relationship analysis. International Journal of Social Sciences and Education Research, 6(4), 472–490. https://doi.org/10.24289/ijsser.777141
  • Milliyet. (2022, December 26). Borsa’dan tarihi rekor! Uzmanpara. Retrieved from https://www.milliyet.com.tr/uzmanpara/borsadan-tarihi-rekor-6877958
  • Nguyen, D., Wu, J., Quang, N. M., Duc, L. A., & Son, P. X. (2021). Applying fuzzy grey relationship analysis and Taguchi method in polishing surfaces of magnetic materials by using magnetorheological fluid. The International Journal of Advanced Manufacturing Technology, 112(5–6), 1675–1689. https://doi.org/10.1007/s00170-020-06567-1
  • Ozgormus, E., Guner Goren, H., & Senocak, A. (2021). An integrated fuzzy QFD-MCDM framework for personnel selection problem. Scientia Iranica, 28(5), 2972–2986. https://doi.org/10.24200/sci.2019.52320.2657
  • Peker, İ., & Baki, B. (2011). Gri Ilişkisel Analiz Yöntemiyle Türk Sigortacilik Sektöründe Performans Ölçümü. Uluslararası İktisadi ve İdari İncelemeler Dergisi, 4(7), 1–18. Retrieved from https://dergipark.org.tr/tr/pub/ulikidince/issue/21620/232233
  • Seçgin, Ö. (2021a). Effect of operational parameters on incremental forming of low-alloy sheet metals and its optimisation. Advances in Materials and Processing Technologies, 7(1), 71–84. https://doi.org/10.1080/2374068X.2020.1753449
  • Seçgin, Ö. (2021b). Multi-objective Optimization of Ms58 Brass Machining Operation by Multi-axis CNC Lathe. Arabian Journal for Science and Engineering, 46(3), 2133–2145. https://doi.org/10.1007/s13369-020-04984-8
  • Singh, M., & Bharti, P. S. (2022). Grey relational analysis based optimization of process parameters for efficient performance of fused deposition modelling based 3D printer. Journal of Engineering Research, 10. https://doi.org/10.36909/jer.ICMET.17159
  • Türev Piyasalar Operasyon Direktörlüğü. (2020). Endeksten Sıfır Atılması Sık Sorulan Sorular. Retrieved from https://borsaistanbul.com/files/endeksten-0-atilmasi-sik-sorulan-sorular-viop-.pdf
  • Ulusoy, T. (2009). Analysis of Government Bonds’ Compound Interest Rates between 1996-2006 in the ISE Bonds and Bills Secondary Market Using Grey System Theory. The Journal of American Academy of Business, 14, 125-132.
  • Yahoo Finance. (2023). BIST BANKA (XBANK.IS). Retrieved February 25, 2023, from https://finance.yahoo.com/quote/XBANK.IS/history?period1=1483142400&period2=1675209600&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true
  • Yılmaz, T. (2023, February 24). Borsaya talep canlı kalır . Capital. Retrieved from https://www.capital.com.tr/piyasalar/borsa/borsaya-talep-canli-kalir
  • Yuan, X., Liu, Y., & Bucknall, R. (2021a). A Novel Design of a Solid Oxide Fuel Cell-Based Combined Cooling, Heat and Power Residential System in the U.K. IEEE Transactions on Industry Applications, 57(1), 805–813. https://doi.org/10.1109/TIA.2020.3034073
  • Yuan, X., Liu, Y., & Bucknall, R. (2021b). Optimised MOPSO with the grey relationship analysis for the multi-criteria objective energy dispatch of a novel SOFC-solar hybrid CCHP residential system in the UK. Energy Conversion and Management, 243, 114406. https://doi.org/10.1016/j.enconman.2021.114406

Gri İlişkisel Analiz Yöntemiyle Türk Bankacılık Sektörünün İncelenmesi

Year 2023, Volume: 5 Issue: 1, 52 - 64, 30.06.2023

Abstract

Gri ilişkisel analiz ile Türk Bankacılık Sektöründe yeni normalin belirlenmesi ve en iyi durumun tespit edilmesi için bu çalışma gerçekleştirilmiştir. Çalışma 01.2017 tarihi ile 01.2023 arasındaki 72 aylık dönemi kapsamaktadır. Bankacılık Düzenleme ve Denetleme Kurumu(BDDK)’nun aylık bankacılık sektörü verilerinden ve Borsa İstanbul Bankacılık Sektörü Endeksi(XBank)’nden faydalanılmıştır. Endeks değişiminin sıralaması ile gri sıralamanın ilk iki sıranın belirlenmesinde aynı sonucu verdiği ve elde edilen sonuçların en iyi durum tespiti için benzerlik gösterdiği tespit edilmiştir. Ortalama durum ve ortalama sıra tespitinde ise sonuçların farklılık gösterdiği belirlenmiştir. Farklılıkların temelinde analiz döneminde uygulamaya alınan yeni politikalar, COVID-19 pandemisi gibi çeşitli faktörlerin etkisinin olduğu düşünülmektedir. Gözlem sayısının arttırılarak tekrar değerlendirmeler yapılması ortalamada daha yakınsayacak bir sonuç elde edilmesi önerilmektedir.

References

  • BDDK. (2023, February). Aylık Bankacılık Sektörü Verileri. Retrieved February 25, 2023, from https://www.bddk.org.tr/BultenAylik
  • Çakır, E. (2017). Selecting Contractor Company in Urban Transformation Using SWARA - Gray Relationship Analysis Method. The Journal of International Scientific Researches, 2(6), 79–95. https://doi.org/10.23834/isrjournal.327313
  • Chen, N. (2022). Analysis of the Correlation between Cross-Border E-Commerce and Economic Growth Based on Hierarchical Multilevel Gray Evaluation Model. Journal of Mathematics, 2022, 1–10. https://doi.org/10.1155/2022/8455404
  • Daver, G. (2020). CAMELS Bileşenleri Temelinde TOPSIS Yöntemiyle Banka Performans Analizi. Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 23(43), 181–198. https://doi.org/10.31795/baunsobed.671811
  • Diken. (2022, September 15). Nebati yatırım tavsiye etmişti: Banka endeksinde üç günde yüzde 25 kayıp. Retrieved February 26, 2023, from https://www.diken.com.tr/nebati-yatirim-tavsiye-etmisti-banka-endeksinde-uc-gunde-yuzde-25-kayip/
  • Dünya Gazetesi. (2022, December 31). Borsa İstanbul’dan tarihi başarı! 2022’nin yıldızı oldu. Https://Www.Dunya.Com/Ekonomi/Borsa-Istanbuldan-Tarihi-Basari-2022nin-Yildizi-Oldu-Haberi-679988. Retrieved from https://www.dunya.com/ekonomi/borsa-istanbuldan-tarihi-basari-2022nin-yildizi-oldu-haberi-679988
  • Girish, B. M., Siddesh, H. S., & Satish, B. M. (2019). Taguchi grey relational analysis for parametric optimization of severe plastic deformation process. SN Applied Sciences, 1(8), 937. https://doi.org/10.1007/s42452-019-0982-6
  • HaberTürk. (2022, October 17). Bankalar uçtu Borsa İstanbul’da rekor geldi. Retrieved February 26, 2023, from https://www.haberturk.com/bankalar-uctu-borsa-istanbul-da-rekor-geldi-3530049-ekonomi
  • HalkTv Web. (2022, December 19). Borsada yeni rekor, bankacılık endeksi uçtu. Retrieved February 26, 2023, from https://halktv.com.tr/ekonomi/borsada-yeni-rekor-bankacilik-endeksi-uctu-708720h
  • Hürriyet. (2022, December 12). Borsa günü rekor seviyede kapattı. Son Dakika Ekonomi Haberleri - Bigpara. Retrieved from https://www.hurriyet.com.tr/ekonomi/borsa-gunu-rekor-seviyede-kapatti-42186445
  • Jozić, S., Bajić, D., & Celent, L. (2015). Application of compressed cold air cooling: achieving multiple performance characteristics in end milling process. Journal of Cleaner Production, 100, 325–332. https://doi.org/10.1016/j.jclepro.2015.03.095
  • Julong, D. (1989). Introduction to Grey System Theory. The Journal of Grey System, 1, 1–24. Retrieved from https://uranos.ch/research/references/Julong_1989/10.1.1.678.3477.pdf
  • Kanat, E. (2019). Gri İlişkisel Analiz Yöntemiyle Kamu Ve Özel Bankaların Performanslarının Karşılaştırılması. Akademik Sosyal Araştırmalar Dergisi, 7(96), 135–146. https://doi.org/10.29228/ASOS.36675
  • Kang, X. (2020). Combining Grey Relationship Analysis and Neural Network to Develop Attractive Automobile Booth Design. Computational Intelligence and Neuroscience, 2020, 1–13. https://doi.org/10.1155/2020/8863727
  • Kurt Gümüş, G., & Balcı, N. (2020). Performance evaluation of Turkish public university hospitals with grey relationship analysis. International Journal of Social Sciences and Education Research, 6(4), 472–490. https://doi.org/10.24289/ijsser.777141
  • Milliyet. (2022, December 26). Borsa’dan tarihi rekor! Uzmanpara. Retrieved from https://www.milliyet.com.tr/uzmanpara/borsadan-tarihi-rekor-6877958
  • Nguyen, D., Wu, J., Quang, N. M., Duc, L. A., & Son, P. X. (2021). Applying fuzzy grey relationship analysis and Taguchi method in polishing surfaces of magnetic materials by using magnetorheological fluid. The International Journal of Advanced Manufacturing Technology, 112(5–6), 1675–1689. https://doi.org/10.1007/s00170-020-06567-1
  • Ozgormus, E., Guner Goren, H., & Senocak, A. (2021). An integrated fuzzy QFD-MCDM framework for personnel selection problem. Scientia Iranica, 28(5), 2972–2986. https://doi.org/10.24200/sci.2019.52320.2657
  • Peker, İ., & Baki, B. (2011). Gri Ilişkisel Analiz Yöntemiyle Türk Sigortacilik Sektöründe Performans Ölçümü. Uluslararası İktisadi ve İdari İncelemeler Dergisi, 4(7), 1–18. Retrieved from https://dergipark.org.tr/tr/pub/ulikidince/issue/21620/232233
  • Seçgin, Ö. (2021a). Effect of operational parameters on incremental forming of low-alloy sheet metals and its optimisation. Advances in Materials and Processing Technologies, 7(1), 71–84. https://doi.org/10.1080/2374068X.2020.1753449
  • Seçgin, Ö. (2021b). Multi-objective Optimization of Ms58 Brass Machining Operation by Multi-axis CNC Lathe. Arabian Journal for Science and Engineering, 46(3), 2133–2145. https://doi.org/10.1007/s13369-020-04984-8
  • Singh, M., & Bharti, P. S. (2022). Grey relational analysis based optimization of process parameters for efficient performance of fused deposition modelling based 3D printer. Journal of Engineering Research, 10. https://doi.org/10.36909/jer.ICMET.17159
  • Türev Piyasalar Operasyon Direktörlüğü. (2020). Endeksten Sıfır Atılması Sık Sorulan Sorular. Retrieved from https://borsaistanbul.com/files/endeksten-0-atilmasi-sik-sorulan-sorular-viop-.pdf
  • Ulusoy, T. (2009). Analysis of Government Bonds’ Compound Interest Rates between 1996-2006 in the ISE Bonds and Bills Secondary Market Using Grey System Theory. The Journal of American Academy of Business, 14, 125-132.
  • Yahoo Finance. (2023). BIST BANKA (XBANK.IS). Retrieved February 25, 2023, from https://finance.yahoo.com/quote/XBANK.IS/history?period1=1483142400&period2=1675209600&interval=1mo&filter=history&frequency=1mo&includeAdjustedClose=true
  • Yılmaz, T. (2023, February 24). Borsaya talep canlı kalır . Capital. Retrieved from https://www.capital.com.tr/piyasalar/borsa/borsaya-talep-canli-kalir
  • Yuan, X., Liu, Y., & Bucknall, R. (2021a). A Novel Design of a Solid Oxide Fuel Cell-Based Combined Cooling, Heat and Power Residential System in the U.K. IEEE Transactions on Industry Applications, 57(1), 805–813. https://doi.org/10.1109/TIA.2020.3034073
  • Yuan, X., Liu, Y., & Bucknall, R. (2021b). Optimised MOPSO with the grey relationship analysis for the multi-criteria objective energy dispatch of a novel SOFC-solar hybrid CCHP residential system in the UK. Energy Conversion and Management, 243, 114406. https://doi.org/10.1016/j.enconman.2021.114406
There are 28 citations in total.

Details

Primary Language Turkish
Subjects Microeconomics (Other), Finance
Journal Section Research Article
Authors

Gizay Daver 0000-0001-5427-0741

Publication Date June 30, 2023
Acceptance Date June 27, 2023
Published in Issue Year 2023 Volume: 5 Issue: 1

Cite

APA Daver, G. (2023). Gri İlişkisel Analiz Yöntemiyle Türk Bankacılık Sektörünün İncelenmesi. Quantrade Journal of Complex Systems in Social Sciences, 5(1), 52-64.

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