Liberalization, Ownership and Productivity in Turkish Banking - Economic Research Forum (ERF)

This paper examines productivity developments in public, private and foreign banks operating in Turkey over the initial post-liberalization period. With the help of a DEA-type Malmquist index approach, it also tries to explore the contributions of technological change, efficiency change and scale change to productivity growth. The results indicate that all forms of banks benefited from the liberal environment and the performance gap between public and private banks got narrowed. The major source of productivity gains is scale changes for domestic banks and technical progress for foreign banks. Moreover, the pace of productivity growth became stronger as the reforms accelerated and competition reined in the market. In terms of productivity growth, foreign banks strongly dominate domestic banks and there are no observed advantages accruing to larger banks.

Research Fellows

Ihsan Isik

Full Professor of Finance, Rowan University


Ugur Meleke


Ebru Isik


Project

EVENTS

There are no Events PAST



Related Publications

Working Papers

The Division of Ownership and Control in Listed Jordanian Firms

Ghada Tayem

Firms listed on the Amman Stock Exchange (ASE) represent an important part of the economic ... read more


Working Papers

UAE Banks’ Performance and the Oil Price Shock: Indicators for Conventional and Islamic Banks

Magda Kandil and Minko Markovski

This study attempts to identify whether the oil price fall to a “new normal” in ... read more


Working Papers

Are the Credit Rating Agencies Biased Against MENA Countries?

A. Talha Yalta and Yasemin Yalta

We investigate the claims on regional biases in the sovereign credit ratings assigned by Fitch ... read more