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Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey

Akdoğan, Ece C. ; Özşuca, Ekin Ayşe

Zbornik radova Ekonomskog fakulteta u Rijeci, 2019-01, Vol.37 (1), p.303-325 [Periódico revisado por pares]

Rijeka: Sveuciliste u Rijeci

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Título:
Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey
Autor: Akdoğan, Ece C. ; Özşuca, Ekin Ayşe
Assuntos: Accounting ; Banking ; Banking industry ; Banks ; Competition ; Competitive advantage ; Composition ; Connectedness ; Developing countries ; Efficiency ; Emerging markets ; financial globalization ; Financial institutions ; Financial liberalization ; Financial services ; Foreign subsidiaries ; GDP ; Globalization ; Gross Domestic Product ; International banking ; International finance ; LDCs ; Liberalization ; market and accounting based profitability ; Optimism ; Ownership ; ownership structure ; Profitability ; Securities markets
É parte de: Zbornik radova Ekonomskog fakulteta u Rijeci, 2019-01, Vol.37 (1), p.303-325
Descrição: The massive financial liberalization followed by accelerating financial globalization leaded to significant structural changes in the financial sector. Since financial institutions play a dominant role in functioning of financial sector, especially in emerging markets where banking industries are generally among the most sensitive sectors to increased interconnectedness of financial markets, how financial globalization actually affects the efficiency of financial intermediation is a vital question. However, although there exists plenty of research focusing on financial integration, impacts of financial globalization is untouched. Hence, this study investigates the bank profitability effects of financial globalization through focusing on an emerging market, Turkey and searches for any potential differences that may prevail among banks with different ownership structures. The findings indicate that while the market based profitability measures improve with financial globalization, the accounting based measures deteriorate pinpointing to an over optimism in the market which in turn brings in mispricing problems. Besides, ownership structure is found to affect the market based measures where banks with domestic and private ownerships are found to benefit more. However, since no significant distinction could be detected among any of the ownership compositions for accounting based profitability measures, such misappraisals seem to foster the optimism in the market.
Editor: Rijeka: Sveuciliste u Rijeci
Idioma: Inglês;Croatian;Alemão

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Profitability effects of financial globalization in an emerging market banking industry: insights into Turkey

Akdoğan, Ece C. ; Özşuca, Ekin Ayşe

Rijeka: Sveuciliste u Rijeci

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