The Relatıonship Between Stock Performance And The Efficiency In Turkısh Banking Sector

This study aims to investigate the relationship between efficiency and the stock performance of the banking sector in Turkey. Efficiency analysis is conducted via Stochastic Frontier Analysis (SFA). Subsequently, the market-to-book value as a measure of stock performance is regressed against the per...

Full description

Saved in:
Bibliographic Details
Published inDoğuş Üniversitesi dergisi Vol. 16; no. 2
Main Authors Küçükkaplan,İlhan, Aygören,Hakan, Yeşilyurt,Ensar, Güloğlu,Bülent
Format Journal Article
LanguageEnglish
Published Doğuş Üniversitesi 01.07.2015
Subjects
İktisat & İşletme & Finans
İstanbul
Türkiye
Panel Data
Stochastic Frontier (SFA)
Hisse Senedi Performansı
Efficiency
Bankacılık Sektörü
Banking Sector
Etkinlik
Panel Veri
Stock Performance
Stokastik Frontier Analizi (SFA)
Online AccessGet full text

Cover

More Information
Summary:This study aims to investigate the relationship between efficiency and the stock performance of the banking sector in Turkey. Efficiency analysis is conducted via Stochastic Frontier Analysis (SFA). Subsequently, the market-to-book value as a measure of stock performance is regressed against the percentage change in efficiency using panel data analysis. SFA shows that the concentration ratios and capital adequacy ratio have a positive effect on the efficiency of stocks, whereas the number of employees per unit of branches and age influence stocks negatively. The results also show that investors perceive efficiency to be a significant factor in terms of stock performance.
ISSN:1302-6739
1308-6979