BANKALARDA YÖNETİM KURULU YAPISI İLE RİSK ALMA EĞİLİMİ ARASINDAKİ İLİŞKİNİN EKONOMETRİK ANALİZİ

Yıl 2019, , 116 - 134, 29.05.2019

Emre Esat Topaloğlu , İlhan Ege

https://doi.org/10.20990/kilisiibfakademik.445952

Cited By: 1

Öz

Çalışmada, Türkiye bankacılık sektöründe faaliyet
gösteren ve pay senetleri Borsa İstanbul’da işlem gören bankaların yönetim
kurulu yapılarının risk alma eğilimlerine olan etkisini ortaya çıkarmak
amaçlanmıştır. Bu amaçla çalışmada, 2007-2014 döneminde Borsa İstanbul’da işlem
gören 16 bankanın verileri, panel veri analiz yöntemi kullanılarak
incelenmiştir. Çalışmada, yönetim kurulu yapısı yönetim kurulu tecrübesi,
yabancı üye sayısı, yönetim kurulu üye sayısı, bağımsız üye sayısı, kadın üye
sayısı, sektör tecrübesi, işletme veya iktisat eğitimi almış üye sayısı,
lisansüstü eğitime sahip üye sayısı ve komite sayısı ile temsil edilirken, risk
alma eğilimi ise z-skor ile temsil edilmiştir. Analiz sonucunda, bağımsız üye
sayısı ile risk alma eğilimi arasında istatistiksel olarak anlamlı ve pozitif
yönlü ilişki belirlenmiştir. Z-skor değerinin artmasının risk alma eğilimini
düşürdüğü dikkate alındığında, bağımsız üye sayısının artmasının bankalarda
risk alma eğilimini düşürdüğü sonucuna ulaşılmıştır.

Anahtar Kelimeler

Yönetim Kurulu Yapısı, Risk Alma Eğilimi, Bankacılık, Borsa İstanbul

Kaynakça

• ADAMS, R. B. ve MEHRAN, H. (2005). “Corporate Performance, Board Structure and its Determinants in the Banking Industry”, Working Paper, Federal Reserve Bank of New York.
• ADAMS, R. B. ve MEHRAN, H. (2012). “Bank Board Structure and Performance: Evidence for Large Bank Holding Companies”, J. Finan. Intermediation, 21(2): 243-267.
• AGORAKI, M. E. K., DELIS, M. D. ve STAIKOURAS, P. K. (2009). “The Effect of Board Size and Composition On Bank Efficiency”, European Financial Management Association Annual Meetings.
• ALBAYRAK, A. S. (2005). “Çoklu Doğrusal Bağlantı Halinde En küçük Kareler Tekniğinin Alternatifi Yanlı Tahmin Teknikleri Ve Bir Uygulama”, ZKÜ Sosyal Bilimler Dergisi, 1(1): 105-107.
• ALONSO, P. A. ve GONZALEZ, E. V. (2006). “Corporate Governance in Banking: The Role of Board of Directors”, Working Paper, Universitat Autonoma de Barcelona,http://selene.uab.es/dep-economia-empresa/ documents/ 06-4. Pdf, Erişim Tarihi 03.05.2014.
• ARARAT, M., AKSU, M. ve ÇETİN, A. T. (2010). “Impact of Board Diversity On Boards's Monitoring İntensity And Firm Performance: Evidence From The Istanbul Stock Exchange”, 17th Annual Conference of The Multinational Finance Society, New Jersey: Multinational Finance Society.
• AYADI, N. ve BOUJELBENE, Y. (2012). “Compensation of The CEO, Board of Directors and Bank Risk Taking”, Journal of Advances Research in Management, 1(5): 4-16.
• AYGÜN, M., TAŞDEMİR, A. ve ÇAVDAR, E. (2010). “Banka Performansı Üzerinde Yönetim Kurulu Büyüklüğünün Etkisi”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 24(3): 67-78.
• BALTAGI, B. H. (2005). “Econometric Analysis of Panel Data”, England: John Wiley & Sons, Ltd.
• BERGER, A. N., KICK, T. ve SCHAECK, K. (2013). “Executive Board Composition and Bank Risk Taking”, Journal of Corporate Finance, 28: 48-65.
• BINO, A. ve TOMAR, S. (2012). “Corporate Governance And Bank Performance: Evidence From Jordanian Banking İndustry”, Journal of Business Administration, 8(2): 353-372.
• Borsa İstanbul (2015). “Pay Piyasası Ve Şirket Verileri”, http://www.borsaistanbul.com/veriler/verileralt/hisse-senetleri-piyasasi-verileri/sirketler-verileri, Erişim Tarihi 16.05.2015.
• BREUSCH T. ve PAGAN A. (1980). “The Lagrange Multiplier Test and Its Applications to Model Specification in Econometrics”, Review of Economic Studies, 47(1): 239-253.
• CAN, A. (2014). “SPSS İle Bilimsel Araştırma Sürecinde Nicel Veri Analizi”, Ankara: Pegem Akademi.
• CHENG, S., EVANS, J. H. ve NAGARAJAN, N. J. (2008). “Board Size and Firm Performance: The Moderating Effects Of The Market For Corporate Control”, Review of Quantitative Finance and Accounting, 31(2): 121-145.
• CUBILLAS, E. ve GONZALEZ, F. (2014). “Financial Liberalization and Bank Risk Taking: International Evidence”, Journal of Financial Stability, 11: 32-48.
• DHOUIBI, R. (2013). “Board of Director’s Characteristics and Bank’s Insolvency Risk: Evidence From Tunisia”, Developing Country Studies, 3(4): 133-143.
• DOĞAN, M. ve YILDIZ, F. (2013). “The Impact of the Board of Directors’ Size On The Bank’s Performance: Evidence From Turkey”, European Journal of Business and Management, 5(6): 130-140.
• DRAKOS, A. A. ve BEKIRIS, F. V. (2010). “Endogeneity and The Relationship Between Board Structure and Firm Performance: A Simultaneous Equation Analysis For The Athens Stock Exchange”, Managerial And Decision Economics, 31: 387–401.
• EKADAH, J. W. (2012). “Effect of Board Gender Diversıty on The Performance of Commercial Banks in Kenya”, European Scientific Journal, 8(7): 128-148.
• FAUZI, F. ve LOCKE, S. (2012). “Board Structure, Ownership Structure and Firm Performance: A Study of New Zealand Listed-Firms”, Asian Academy of Management Journal of Accounting and Finance, 8(2): 43–67.
• FORSSBÆCK, J. (2011). “Ownership Structure, Market Discipline and Banks’risk-Taking Incentives Under Deposit Insurance”, Journal of Banking & Finance, 35: 2666–2678.
• GENCELİ, M. (2006). “Some Popular Normality Tests For Univariate Distributions”, Journal of Engineering and Natural Sciences Mühendislik ve Fen Bilimleri Dergisi, 4: 69-91.
• KAMUYU AYDINLATMA PLATFORMU (KAP) (2015). “Finansal Tablolar”, https://www.kap.org.tr/, Erişim Tarihi 18.05.2015.
• LAEVEN, L. ve LEVINE, R. (2009). “Bank Governance, Regulation and Risk Taking”, Journal of Financial Economics, 93(2): 259-275.
• MATHEW, S. (2013). “Board Composition and Risk-Taking in UK Firms”, European Financial Management Annual Conference, ICMA Centre – Henley Business School, University of Reading, UK.
• NGUYEN, T. (2013). “The Disciplinary Effect of Subordinated Debt on Bank Risk Taking”, Journal of Empirical Finance, 23: 117–141.
• NIU, J. (2012). “An Empirical Analysis of The Relation Between Bank Charter Value and Risk Taking”, The Quarterly Review of Economics and Finance, 52: 298– 304.
• O’SULLIVAN, J., HASSAN, M. K. ve MAMUN, A. (2013). “The Relationship Between Boards Characteristics and Risk-Taking: Evidence From Bank Holding Companies”, SWFA Conference.
• ÖZATAC, N. (2011). “Gender Diversity in Board Of Directors and Top Management: The Case of Turkish Bank”, АКТУАЛЬНІІ ПРОБЛЕМИ ЕКОНОМІІКИ, 115: 311- 319.
• PANYASRIVANIT, N. (2005). “Ownership Structure, Risk and Performance of Thai Firms: Evidence From Stock Exchange of Thailand”, Master of Science Program in Finance (International Program) Faculty of Commerce and Accountancy Thammasat University, Bangkok, Thailand
• PARKS, R. (1967). “Efficient Estimation of A System of Regression Equations When Disturbances Are Both Serially and Contemporaneously Correlated”, Journal of the American Statistical Association, 62(318): 500–509.
• PATHAN, S. (2009). “Strong Boards, Ceo Power and Bank Risk-Taking”, Journal of Banking & Finance, 33(7): 1340-1350.
• PATHAN, S. ve FAFF, R. (2013). “Does Board Structure in Banks Really Affect Their Performance?”, Journal of Banking and Finance, 37(5): 1573-1589.
• PRABHA, A. ve WIHLBORG, C. (2014). “Implicit Guarantees, Business Models and Banks’risk-Taking Through The Crisis: Global and European Perspectives”, Journal of Economics and Business, 76: 10-38.
• RACHDI, H. ve BEN AMEUR, I. G. (2011). “Board Characteristics, Performance and Risk Taking Behaviour in Tunisian Banks”, International Journal of Business and Management, 6(6): 88-97.
• RACHDI, H., TRABELSI, M. A. ve TRAD, N. (2013). “Banking Governance and Risk: The Case of Tunisian Conventional Banks”, Review of Economic Perspectives, 13(4): 195-206.
• ROMANO, G., FERRETTI, P. ve RIGOLINI, A. (2012). “Corporate Governance and Performance in Italian Banking Groups”, International Conference Corporate Governance and Regulation: Outlining New Horizons for Theory and Practice.
• ROWE, W., SHI, W. ve WANG, C. (2011). “Board Governance and Performance of Chinese Banks”, Banks and Bank Systems, 6(1): 26-40.
• ROY, A. D. (1952). “Safety First and The Holding of Assets. Econometrica”, 20(3): 431‐449.
• SOEDARMONOA, W., MACHROUHB, F. ve TARAZIC, A. (2013). “Bank Competition, Crisis and Risk Taking: Evidence From Emerging Markets in Asia”, Int. Fin. Markets, Inst. and Money, 23: 196-221.
• STAIKOURAS, P. K., STAIKOURAS, C. K. ve AGORAKI, M. E. K. (2007). “The Effect of Board Size and Composition on European Bank Performance”, European Journal of Law and Economics, 23(1): 1-27.
• SUN, J. ve LIU, G. (2014). “Audit Committees’ Oversight of Bank Risk-Taking”, Journal of Banking & Finance, 40: 376-387.
• TAGHIZADEH, M. ve SAREMI, S. Y. (2013). “Board of Directors and Firms Performance: Evidence From Malaysian Public Listed Firm”, IPEDR, 59(37): 178-182.
• TANNA, S., PASIOURAS, F. ve NNADI, M. (2011). “The Effect of Board Size on The Efficiency of UK Banks, Economics”, Finance and Accounting Applied Research Working Paper Series, http://ssrn.com/abstract=1092252, Erişim Tarihi 03.05.2014.
• WU, Y. ve TRUONG, C. (2013). “Female Bank Executives: Impact on Performance And Risk Taking”, LCERPA, Economic Research Paper, http://ssrn.com/abstract=2406492, Erişim Tarihi: 14 Kasım 2016.
• YERDELEN TATOĞLU, F. (2012a). “Panel Veri Ekonometrisi”, Beta Yayınları: İstanbul.
• ZHANG, J., WANG, P. ve QU, B. (2012). “Bank Risk Taking, Efficiency and Law Enforcement: Evidence From Chinese City Commercial Banks”, China Economic Review, 23: 284–295.
• ZULKAFLI, A.H. ve SAMAD, F.A. (2007). “Corporate Governance and Performance Of Banking Firms: Evidence From Asian Emerging Markets”, Advances in Financial Economics, 12: 49-74.