터키 상업은행 성과 결정요인: 독점적 우위, 재무 능력, 효율성, 수익구조 다변화

Determinants of Commercial Banks’ Performance in Turkey: Ownership Advantages, Financial Capabilities, Efficiency, Diversity of Profit Structure

This paper explores the determinants of firm performance in Turkish commercial banks from the perspective of ownership advantages, financial capabilities, efficiency and the diversity of profit structure. The research time frame covers 1988 to 2017, and a positive analysis is employed for 43 Turkish commercial banks by collecting empirical data from Bankscope. The main findings are as follows: Tier 1 ratio, price to earnings ratio, firm age and non-interest income rato are positively correlated with firm performance, while risk-weighted assets ratio, coverage ratio, loan-to-deposit ratio, non-performing loan ratio, cost-to-income ratio and interest income ratio are negatively correlated with firm performance. As such, it is possible to conclude that as for Turkish commercial banks concerned, the main determinants of firm performance are financial capabilities and efficiency. In addition, it is noteworthy that they are currently employing more risk-weighted assets for the increase in profitability.