An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology

ERDİLEK KARABAY, MELİSA; OKAY, Pınar

An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology

Melisa ERDİLEK KARABAY, (Marmara Üniversitesi, Bankacılık ve Sigortacılık Yüksekokulu, Sigortacılık Bölümü, İstanbul, Türkiye)

Pınar OKAY (Marmara Üniversitesi, Bankacılık ve Sigortacılık Yüksekokulu, Bankacılık Bölümü, İstanbul, Türkiye)

Rekabet Dergisi

5 1

Yıl: 2012 Cilt: 13 Sayı: 1 Sayfa Aralığı: 3 - 50 Metin Dili: Türkçe İndeks Tarihi: 29-07-2022

An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology

Öz:

Türk bankacılık sektöründeki artan rekabet, kriz sonrası yeniden yapılandırmauygulamaları neticesinde hızlanan küreselleşmeyle beraber finansal piyasalararasındaki entegrasyona hız vermiştir. Bankacılık sektöründe rekabet düzeyininölçülmesine olan ilgi sektördeki yoğunlaşmanın artmasına paralel olarak sonderece önem kazanmıştır. Bu nedenle çalışmada, panel veri kullanılarak 2002- 2010 döneminde Türk mevduat bankalarının firma davranışına bağlı olarakrekabet düzeyinin tahmin edilmesi amaçlanmıştır. Bu amaç doğrultusundamevduat bankalarının rekabet seviyesinin tahmini için “Yeni EndüstriyelOrganizasyon Teorisi” kapsamında geliştirilmiş olan Panzar-Rosse modelikullanılmıştır. Çalışmada 31 bankanın yıllık veri seti kullanılmış ve elde edilenampirik sonuçlar bankacılık sektörünün monopolcü rekabet koşullarındafaaliyet gösterdiğini ortaya koymuş ve tam rekabet ile tekelci koşullarreddedilmiştir. Özel mevduat bankalarının ise piyasa gücünü ellerindetuttukları görülmektedir. Ampirik bulgular değerlendirildiğinde; Türkbankacılık sektörünün oligopolistik yapısına rağmen sektördeki firmadavranışının tekelci rekabet ile tanımlandığı ortaya çıkmıştır bu da pazar gücühipotezini desteklemektedir. Ayrıca, 2002-2010 yılları arasında yoğunlaşmadakiartış ve sektörün yeniden yapılanması nedeniyle banka sayısında ortaya çıkanazalma rekabetteki yoğunluğun azalmasını da beraberinde getirmektedir.

Anahtar Kelime:

Konular: Hukuk

Türk bankacılık sisteminin rekabet seviyesinin panzar rosse modeli çerçevesinde ölçülmesine yönelik ampirik bir araştırma

Öz:

As the dynamics of competition and the impacts of globalization on banks havebegun to change after the restructuring program in the Turkish banking sector,measuring the competitive behavior of banks has gained an increasing interest.In this paper we adopt the Panzar3Rosse model developed by “New IndustrialOrganization Approach” to assess the competitive conditions for deposit banksin Turkey. We used panel data for the period 200232010. By usingdisaggregated annual data from 31 banks, the empirical results of this studysuggest that deposit banks operate under monopolistic competition as the casesof monopoly and perfect competition are rejected for the Turkish bankingsector. It also appears as private deposit banks seem to enjoy even more marketpower. When we preview the empirical results briefly, we find that the depositbanks in Turkey can be characterized as monopolistically competitive despite itsoligopolistic structure, thus supporting the market power hypothesis. We alsoshow that the reduction in the number of banks, as a result of ongoingrestructuring program in the sector and the associated increase inconcentration during 200232010, was accompanied by a decline in the intensityof competition.

Anahtar Kelime:

Konular: Hukuk

Belge Türü: Makale Makale Türü: Araştırma Makalesi Erişim Türü: Erişime Açık

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APA	ERDİLEK KARABAY M, OKAY P (2012). An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. , 3 - 50.
Chicago	ERDİLEK KARABAY MELİSA,OKAY Pınar An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. (2012): 3 - 50.
MLA	ERDİLEK KARABAY MELİSA,OKAY Pınar An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. , 2012, ss.3 - 50.
AMA	ERDİLEK KARABAY M,OKAY P An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. . 2012; 3 - 50.
Vancouver	ERDİLEK KARABAY M,OKAY P An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. . 2012; 3 - 50.
IEEE	ERDİLEK KARABAY M,OKAY P "An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology." , ss.3 - 50, 2012.
ISNAD	ERDİLEK KARABAY, MELİSA - OKAY, Pınar. "An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology". (2012), 3-50.

APA	ERDİLEK KARABAY M, OKAY P (2012). An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. Rekabet Dergisi, 13(1), 3 - 50.
Chicago	ERDİLEK KARABAY MELİSA,OKAY Pınar An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. Rekabet Dergisi 13, no.1 (2012): 3 - 50.
MLA	ERDİLEK KARABAY MELİSA,OKAY Pınar An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. Rekabet Dergisi, vol.13, no.1, 2012, ss.3 - 50.
AMA	ERDİLEK KARABAY M,OKAY P An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. Rekabet Dergisi. 2012; 13(1): 3 - 50.
Vancouver	ERDİLEK KARABAY M,OKAY P An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology. Rekabet Dergisi. 2012; 13(1): 3 - 50.
IEEE	ERDİLEK KARABAY M,OKAY P "An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology." Rekabet Dergisi, 13, ss.3 - 50, 2012.
ISNAD	ERDİLEK KARABAY, MELİSA - OKAY, Pınar. "An empirical study of the measurement of the level of competition in the turkish banking system using panzar-rosse methodology". Rekabet Dergisi 13/1 (2012), 3-50.