Impact of Ownership Concentration on Capital Structures: A Case of Turkish Banking Sector

Year 2018, Volume: 5 Issue: 2, 193 - 204, 15.07.2018

Işıl Erem Ceylan

https://doi.org/10.17541/optimum.429240

Cited By: 1

Abstract

This study aims to determine the effects of the listed deposit banks’
ownership concentration on capital structures. In this context; ten deposit
banks listed on Borsa Istanbul have been evaluated for the period of 2005-2015
and panel data analysis has been used. As the ownership structure variables;
major shareholders and free float rate have been used and the ratios particular
to banking sector have been analysed as capital structure variables. In
conclusion, the findings have shown that major shareholder, free float rate,
return on assets and bank size variables have a statistically significant
impact on the banks’ capital structures.

Keywords

Ownership Concentration, Capital Structure, Deposit Banks, Panel Data Analysis

Mülkiyet Yoğunlaşmasının Sermaye Yapısı Üzerindeki Etkisi: Türk Bankacılık Sektörü Örneği

Abstract

Bu çalışmada Borsa İstanbul’da işlem gören bankalardaki
mülkiyet yoğunlaşması ile bankaların sermaye yapısı arasındaki ilişkinin
belirlenmesi amaçlanmıştır. Bu kapsamda, Borsa İstanbul’a kayıtlı on mevduat
bankası 2005-2015 yılları arasında değerlendirmeye alınmış olup, panel veri
analizi tekniğinden yararlanılmıştır. Mülkiyet yoğunluğunun belirlenmesinde; en
büyük ortağın sermaye payı ve halka açıklık oranları dikkate alınırken, sermaye
yapısı değişkenleri olarak ise bankaya özgü oranlar değerlendirmeye alınmıştır.
Çalışmanın sonucunda elde edilen bulgular en büyük hissedarın sermaye payı,
halka açıklık oranı, aktif karlılığı ve banka büyüklüğünün bankaların sermaye
yapısı kararları üzerinde istatistikî olarak anlamlı bir etkiye sahip olduğunu
göstermiştir.

Keywords

Mülkiyet Yoğunlaşması, Sermaye Yapısı, Mevduat Bankaları, Panel Veri Analizi

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