Parliamentary Election Cycles and the Turkish Banking Sector
AbstractThis paper analyzes the effects of parliamentary election cycles on the Turkish banking system. Using annual bank-level data representing all banks in Turkey during 1963-2007, we find that there are meaningful differences in the structure of assets, liabilities and financial performance across different stages of the parliamentary election cycle. However, we find that government-owned banks operate similarly to both domestic and foreign-owned private sector banks before, during and after elections. Our estimates also show that government-owned banks underperform their domestic and foreign-owned private sector counterparts.
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Bibliographic InfoPaper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 705.
Date of creation: 12 Feb 2009
Date of revision: 14 May 2010
Publication status: published, Journal of Banking and Finance, 34, 2709-2719, 2010.
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Postal: Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA
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elections; state banks; domestic banks; foreign-owned banks; loans; interest rate margin;
Other versions of this item:
- Baum, Christopher F. & Caglayan, Mustafa & Talavera, Oleksandr, 2010. "Parliamentary election cycles and the Turkish banking sector," Journal of Banking & Finance, Elsevier, vol. 34(11), pages 2709-2719, November.
- Christopher F. Baum & Mustafa Caglayan & Oleksandr Talavera, 2010. "Parliamentary Election Cycles and the Turkish Banking Sector," University of East Anglia Applied and Financial Economics Working Paper Series 002, School of Economics, University of East Anglia, Norwich, UK..
- Christopher Baum & Mustafa Caglayan & Oleksandr Talavera, 2009. "Parliamentary Election Cycles and the Turkish Banking Sector," Working Papers 2009/5, Turkish Economic Association.
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-02-14 (All new papers)
- NEP-ARA-2009-02-14 (MENA - Middle East & North Africa)
- NEP-BAN-2009-02-14 (Banking)
- NEP-POL-2009-02-14 (Positive Political Economics)
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