Assessing The Relationship Between Liberalization, Ownership And Performance: The Case Of Turkish Banks
Author(s) -
Ihsan Isik,
Lokman Gündüz,
Osman KILIÇ,
Doğan Uysal
Publication year - 2011
Publication title -
international business and economics research journal (iber)
Language(s) - English
Resource type - Journals
eISSN - 2157-9393
pISSN - 1535-0754
DOI - 10.19030/iber.v3i1.3653
Subject(s) - liberalization , turkish , productivity , foreign ownership , business , financial system , index (typography) , public ownership , international economics , monetary economics , economics , foreign direct investment , market economy , economic growth , macroeconomics , linguistics , philosophy , world wide web , computer science
This paper employs a DEA-type Malmquist index approach to evaluate the impact of financial liberalization on the productivity changes of public, private and foreign banks in Turkey during the period between 1981 and 1990. The results indicate that all forms of banks have benefited from financial liberalization. However, foreign banks were found to be the most productive, followed by private banks and public banks respectively. The major source of productivity gains is scale changes for public and private banks and technical progress for foreign banks. It also seems that productivity growth indices of all banks converge towards the end of liberalization period.
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