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Securitization in Turkish banking system

Author

Listed:
  • Aysan, Ahmet Faruk
  • Rengifo, Erick William
  • Ozsoz, Emre

Abstract

By using data from 8 depository institutions in Turkey we evaluate the drivers of securitization between 2004 and 2009. Our analysis shows that previous period securitization as well as bank equity, level of profits and asset size are important factors in a bank’s decision to securitize its loan portfolio. Banks’ on-balance sheet liquidity on the other hand is not a significant factor. We also use a binary probit model and predict with good certainty the timing of a bank’s securitization in capital markets. Again, bank size, profitability and equity are also explanatory variables in making these accurate predictions.

Suggested Citation

  • Aysan, Ahmet Faruk & Rengifo, Erick William & Ozsoz, Emre, 2012. "Securitization in Turkish banking system," MPRA Paper 36812, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:36812
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    File URL: https://mpra.ub.uni-muenchen.de/36812/2/MPRA_paper_36812.pdf
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    References listed on IDEAS

    as
    1. Affinito, Massimiliano & Tagliaferri, Edoardo, 2010. "Why do (or did?) banks securitize their loans? Evidence from Italy," Journal of Financial Stability, Elsevier, vol. 6(4), pages 189-202, December.
    2. Christine A. Parlour & Guillaume Plantin, 2008. "Loan Sales and Relationship Banking," Journal of Finance, American Finance Association, vol. 63(3), pages 1291-1314, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    securitization; Turkey; banking;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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