Bankalarda Coğrafi Çeşitlenmenin Risk, Likidite ve Finansal Performans Üzerindeki Etkilerinin Değerlendirilmesi: Türkiye’deki Mevduat Bankaları Üzerine Bir Uygulama

Yıl 2019, Cilt: 8 Sayı: 1, 342 - 366, 29.01.2019

Oğuzhan Ece

https://doi.org/10.33206/mjss.519122

Cited By: 1

Öz

Teknolojik gelişmeler ve pazarın genel yapısının talep odaklı bir bakış açısıyla genişlemesi, coğrafi çeşitlenme kavramını ortaya koymaktadır. Bu kavram, riski azaltarak ve performansı artırarak firmaya değer katan sistematik bir karardır. Ancak, bu karar bazı maliyetlere yol açmaktadır ve bu maliyetler nedeniyle, bankanın uygulamasının sonuçları konusunda bir fikir birliği yoktur. Bu çalışma, coğrafi çeşitliliğin bankaların risk, likidite ve finansal performansı üzerindeki etkileri konusunda Türkiye'ye ampirik kanıt sunmayı amaçlamaktadır. Panel veri analizine dayalı olarak yapılan analiz, 2007-2017 döneminde ve Türkiye'deki mevduat bankalarının örnekleminde gerçekleştirilmiştir. Analiz sonucunda, coğrafi çeşitlilik ile banka finansal performansı arasında tersine, banka riskleri ile banka likiditesi arasında aynı yönde ve anlamlı sonuçlar bulunmuştur

Anahtar Kelimeler

Coğrafi Çeşitlendirme, Risk, Likidite, Finansal Performans, Mevduat Bankaları

Kaynakça

• Baele, L., De Jonghe, O., & Vander Vennet, R. (2007). “Does the Stock Market Value Bank Diversification?” Journal of Banking & Finance, 31(7), 1999-2023.
• Berger, A. N.,& DeYoung, R. (2001). “The Effects of Geographic Expansion on Bank Efficiency”. Journal of Financial Services Research, 19(2-3), 163-184.
• Bernini C. & P. Brighi. (2012). Distance and Efficiency in the Italian Banking System in Modern Bank. Behaviour Edited by Juan Fernández de Guevara Radoselovics and José Pastor Monsálvez, Palgra ve Macmillan.
• Brighi, P., & Venturelli, V. (2016). “How Functional and Geographic Diversification Affect Bank Profitability During the Crisis” Finance Research Letters, 1-10. Cai, W.,Xu, F., & Zeng, C. (2016). “Geographical Diversification and Bank Performance: Evidence from China”. Economics Letters, 96-98.
• Cetorelli, N., & Goldberg, L. S. (2012). “Liquidity management of US Global Banks: Internal Capital Markets in the Great Recession.” Journal of International Economics, 88(2), 299-311.
• Cotugno M. & V. Stefanelli, 2012. “Geographical and Product Diversification during Instability Financial Period: Good or Bad for Banks?”. International Journal of Economics and Finance. Vol. 85, pp. 87-100.
• Crouzille, C. M., & Tarazi, A. (2015). “The Benefits of Geographic Diversification in Banking”. Hal ArchivesOuvertes, 1-46.
• D' Souza, C., & Lai, A. (2003). “Does Diversification Improve Bank Efficiency?” Bank of Canada Conference Proceedings, 105-127.
• De Haas, R., & Van Lelyveld, I. (2010). “Internal Capital Markets and Lending by Multinational Bank subsidiaries”. Journal of Financial Intermediation, 19(1), 1-25.
• Deb, J., & Sen, G. (2016). “Geographic Diversification in Indian Banking: Assessing the Impact on Risk and Returns”. The IUP Journal of Bank Management, 22-35.
• Demsetz, R. S.,& Strahan, P. E. (1997). “Diversification, Size, and Risk at Bank Holding Companies”. Journal of Money, Credit and Banking, 300-313.
• Deng, S.,& Elyasiani, E. (2008). “Geographic Diversification, Bank Holding Company Value, and Risk”. Journal of Money, Credit and Banking, 1217-1238.
• Deng, S.,Elyasiani, E., & Mao, C. (2007). “Diversification and the Cost of Debt of Bank”. Journal of Banking & Finance, 2453–2473.
• Emmons, W.,Gilbert, R., & Yeager, T. (2004). “Reducing the Risk at Small Community Banks: Is It Size or Geographic Diversification That Matters?” Journal of Financial Services Research, 259-281.
• Fang, Y.,& Lelyveld, I. (2014). “Geographic Diversification in Banking”. Journal of Financial Stability, 172-181.
• Goetz, M. R.,Laeven, L., &Levine, R. (2012). “The Valuation Effects of the Geographic Diversification of U.S. Banks”. International Monetary Fund , 1-35.
• Gujarati, D. (2016)., Örneklerle Ekonometri, Çev: Nasip Bolatoğlu, BB101 Yayınları, Yayın No:15. İstanbul
• Hirtle B. 2007. “The Impact of Network Size on Bank Branch Performance”, Journal of Banking and Finance. 31, 3782-3805.
• Hitt, M. A., Tihanyi, L., Miller, T., & Connelly, B. (2006). “International Diversification: Antecedents, outcomes, and moderators.”, Journal of Management, 32(6), 831-867
• Huang, R. (2007). “Bank Geographic Diversification and Sensitivity of Lending to Monetary Shocks”. Journal of Intellectual Capital, 23-29.
• Jochem, T. (2013). Geographic Diversification and Bank Stability: Evidence from the 2008-2011 U.S. Banking Crisis. Working Paper, 1-60.
• Jacquemin, A. P., & Berry, C. H. (1979). “Entropy Measure of Diversification and Corporate Growth”. The Journal of Industrial Economics, 27(4), June, 359-369.
• Kim, W. C.,Hwang, P., &Burgers, W. P. (1993). “Multinationals' diversification and the risk‐ return trade‐ off.” Strategic Management Journal, 14(4), 275-286.
• Levine, R., Lin, C., &Xie, W. (2016). Geographic Diversification and Banks Funding Costs (No. w22544). National Bureau of Economic Research.
• Li, M., & Wong, Y.-Y. (2003). “Diversification and Economic Performance: An Empirical Assessment of Chinese Firms.” Asia Pacific Journal of Management, 243–265.
• Liang, N., & Rhoades, S. A. (1988). “Geographic Diversification and Risk in Banking.” Journal of Economics and Business, 40(4), 271-284. https://doi.org/10.1016/0148-6195(88)90026-4
• Meslier, C., Morgan, D., Samolyk, K., &Tarazi, A. (2016). “The Benefits and Costs of Geographic Diversification in Banking”. Journal of International Money and Finance, 287–317.
• Morgan, D. P., & Samolyk, K. (2003). Geographic Diversification in Banking and Its Implications for Bank Portolio Choice and Performance. Working Paper, Federal Reserve Bank of Newyork, 1-30.
• Rose, J., & Wolken, J. (1990). Geographic Diversification in Banking, Market Share Changes, and the Viability of Small Independent Banks. Journal of Financial Services Research, 5-20.
• Schmid, M. M.,&Walter, I. (2012). “Geographic Diversification and Firm Value in The Financial Services Industry”. Journal of Empirical Finance, 109–122.
• Tatoğlu, Yerdelen F. (2013), Panel Veri Ekonometrisi, Beta Yayınları, Yayın No:2978, İstanbul
• Türkmen, S. Y.,& Yiğit, İ. (2012). “Diversification in Banking and its Effect on Banks’ Performance: Evidence from Turkey”. American International Journal of Contemporary Research, 111-119.
• Yıldırım, C.,&Efthyvoulou, G. (2016). “Bank Value and Geographic Diversification: Regional vs Global”. Economic Research Paper Series, 1-35.