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Credit Risk Evaluation of Turkish Households Aftermath the 2008 Financial Crisis

In: Global Financial Crisis and Its Ramifications on Capital Markets

Author

Listed:
  • Mustafa Kaya

    (Hacettepe University)

  • Özgür Arslan-Ayaydin

    (University of Illinois at Chicago)

  • Mehmet Baha Karan

    (Hacettepe University)

Abstract

The objective of this study is to determine which demographical and financial features affect consumer credits risks of Turkish households aftermath the 2008 global financial crisis. Our analyses are built on the data from Turkish Statistical Institute (TURKSTAT) on an unbalanced panel of 13,979 households between the years 2008 and 2012. We apply our estimations on two stages. First we use logistic regressions to detect which features are likely to lead to default. Second we make robustness test with Survival Cox Analysis and evaluate the impacts of these features again. Our verified results show that the features that affect the default are; household income, volatility of the household income, being a home owner, age, education and gender.

Suggested Citation

  • Mustafa Kaya & Özgür Arslan-Ayaydin & Mehmet Baha Karan, 2017. "Credit Risk Evaluation of Turkish Households Aftermath the 2008 Financial Crisis," Contributions to Economics, in: Ümit Hacioğlu & Hasan Dinçer (ed.), Global Financial Crisis and Its Ramifications on Capital Markets, pages 417-430, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-47021-4_29
    DOI: 10.1007/978-3-319-47021-4_29
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    More about this item

    Keywords

    Credit risk; Consumer credit; Turkish households;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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