Foreign entry and the Turkish banking system in 2000s |
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| Institution: | 1. Galatasaray University, Department of Business Administration, Ciragan cad. No: 36, Ortakoy 34349, Istanbul, Turkey;2. Istanbul Kemerburgaz University, School of Economics and Administrative Sciences, TEAM (Social and Economic Research Center), Mahmutbey Dilmenler cad. No: 26, Ba?c?lar 34217, Istanbul, Turkey;1. International Monetary Fund, Washington, United States;2. European University Institute, Florence, Italy;3. De Nederlandsche Bank, Amsterdam, The Netherlands;4. University of Groningen, The Netherlands;5. CESifo, Munich, Germany;1. University of Alaska Fairbanks, School of Management, 303Tanana Loop, St. 201, Fairbanks, AK 99775, USA;2. East Carolina University, Department of Finance, 3127 Bate Building, Greenville, NC 27858-4353, USA;1. Assistant Professor Department of Computer Science and Engineering Anna University Regional Office, Madurai, Tamilnadu, India;2. Professor Department of Information Technology K.L.N.College of Engineering, Pottapalayam, Sivaganga, Tamil Nadu, India |
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| Abstract: | In recent decades, the role of foreign ownership in banking sectors, and especially the developing ones has become a frequently investigated topic among finance scholars. Similar to many other developing countries seeking to attract foreign direct investments, Turkey has experienced a great increase in the number of foreign-owned banks in the sector following the 2000 and 2001 economic and financial crises. Using panel data regression analysis for a sample of 31 deposit banks operating in Turkey, for the period 2002–2012, we find that foreign ownership has a negative and statistically significant impact on accounting profits, proxied by the ratio of earnings before taxes to total assets. However, contrary to expectations, three other dependent variables representing interest rate spreads, non-lending activities and short term risk, were not found to be significantly associated with foreign ownership. |
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| Keywords: | Banking Foreign ownership Emerging markets G21 |
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