Doğuş Üniversitesi Dergisi

Doğuş Üniversitesi Dergisi

The Relationship between Stock Performance and the Efficiency in Turkish Banking Sector

Yazarlar: Hakan AYGÖREN, M. Ensar YEŞİLYURT, Bülent GÜLOĞLU, İlhan KÜÇÜKKAPLAN

Cilt 16 , Sayı 2 , 2015 , Sayfalar -

Konular:-

Anahtar Kelimeler:Efficiency,Banking Sector,Stochastic Frontier (SFA),Stock Performance,Panel Data

Özet: This study aims to investigate the relationship between efficiency and the stock performance of the banking sector in Turkey. Efficiency analysis is conducted via Stochastic Frontier Analysis (SFA). Subsequently, the market-to-book value as a measure of stock performance is regressed against the percentage change in efficiency using panel data analysis. SFA shows that the concentration ratios and capital adequacy ratio have a positive effect on the efficiency of stocks, whereas the number of employees per unit of branches and age influence stocks negatively. The results also show that investors perceive efficiency to be a significant factor in terms of stock performance.

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@article{2015, title={The Relationship between Stock Performance and the Efficiency in Turkish Banking Sector}, volume={16}, publisher={Doğuş Üniversitesi Dergisi}, author={Hakan AYGÖREN, M. Ensar YEŞİLYURT, Bülent GÜLOĞLU, İlhan KÜÇÜKKAPLAN}, year={2015} }
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Hakan AYGÖREN, M. Ensar YEŞİLYURT, Bülent GÜLOĞLU, İlhan KÜÇÜKKAPLAN. (2015). The Relationship between Stock Performance and the Efficiency in Turkish Banking Sector (Vol. 16). Vol. 16. Doğuş Üniversitesi Dergisi.
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Hakan AYGÖREN, M. Ensar YEŞİLYURT, Bülent GÜLOĞLU, İlhan KÜÇÜKKAPLAN. The Relationship between Stock Performance and the Efficiency in Turkish Banking Sector. no., Doğuş Üniversitesi Dergisi, 2015.
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