{"id":4255,"date":"2019-01-22T00:23:29","date_gmt":"2019-01-21T21:23:29","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=4255"},"modified":"2019-01-28T16:08:22","modified_gmt":"2019-01-28T13:08:22","slug":"the-relationship-between-total-factor-productivity-and-shareholder-returns-in-turkish-banking-sector","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/the-relationship-between-total-factor-productivity-and-shareholder-returns-in-turkish-banking-sector","title":{"rendered":"T\u00fcrk Bankac\u0131l\u0131k Sekt\u00f6r\u00fcnde Toplam Fakt\u00f6r Verimlili\u011fi \u0130le Hissedar Getirisi \u0130li\u015fkisi"},"content":{"rendered":"<p><\/p>\n<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Dergi:<\/td>\n<td>Business and Economics Research Journal<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>T\u00fcrk Bankac\u0131l\u0131k Sekt\u00f6r\u00fcnde Toplam Fakt\u00f6r Verimlili\u011fi \u0130le\u00a0Hissedar Getirisi \u0130li\u015fkisi<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Yazar(lar):<\/td>\n<td>Serhat Duranay, Gamze G\u00f6\u00e7men Ya\u011fc\u0131lar<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Cilt:<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Say\u0131:<\/td>\n<td>1<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Y\u0131l:<\/td>\n<td>2019<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Sayfa:<\/td>\n<td>27-40<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">ISSN:<\/td>\n<td>2619-9491<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">DOI Numaras\u0131:<\/td>\n<td>10.20409\/berj.2019.154<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">2002-2016 y\u0131llar\u0131 aras\u0131nda T\u00fcrk bankalar\u0131 \u00fczerine uygulanan bu \u00e7al\u0131\u015fman\u0131n ba\u015fl\u0131ca \u00fc\u00e7 amac\u0131\u00a0bulunmaktad\u0131r: (i) T\u00fcrkiye\u2019de faaliyet g\u00f6steren mevduat bankalar\u0131n\u0131n Toplam Fakt\u00f6r Verimlili\u011fini (TFV)\u00a0incelemek, (ii) borsada i\u015flem g\u00f6ren ve g\u00f6rmeyen bankalar\u0131n verimlilik de\u011fi\u015fimlerini kar\u015f\u0131la\u015ft\u0131rmak ve (iii)\u00a0borsada i\u015flem g\u00f6ren bankalar\u0131n verimlilik de\u011fi\u015fimi ile hissedar getirileri aras\u0131ndaki ili\u015fkiyi\u00a0de\u011ferlendirmektir. Bu sayede, verimlili\u011fi artan bankalar\u0131n hissedarlar getirilerinin de artaca\u011f\u0131 hipotezi\u00a0s\u0131nanacakt\u0131r. Belirlenen ama\u00e7lar do\u011frultusunda, \u00f6ncelikle ele al\u0131nan d\u00f6nem i\u00e7in 22 bankan\u0131n verimlilik\u00a0de\u011fi\u015fimi Malmquist TFV endeksi ile \u00f6l\u00e7\u00fclm\u00fc\u015ft\u00fcr. Borsada i\u015flem g\u00f6ren ve g\u00f6rmeyen bankalar\u0131n verimlilik\u00a0de\u011fi\u015fimleri aras\u0131nda anlaml\u0131 bir fark bulunamam\u0131\u015ft\u0131r. Ard\u0131ndan, 2007-2016 d\u00f6nemi i\u00e7in borsada i\u015flem\u00a0g\u00f6ren 10 bankan\u0131n hissedar getirileri ve verimlilik de\u011fi\u015fimleri hesaplanm\u0131\u015ft\u0131r. Yap\u0131lan ilk regresyon\u00a0analizlerinde, TFV hissedar getirisi ile ili\u015fkili bulunmazken, teknik etkinlik de\u011fi\u015fiminin, hissedar getirisi\u00a0\u00fczerinde pozitif ve anlaml\u0131 bir etkisinin oldu\u011fu g\u00f6r\u00fclm\u00fc\u015ft\u00fcr. Ancak bu ili\u015fkinin test edilmesi i\u00e7in kontrol\u00a0de\u011fi\u015fkenleri (piyasa getirisi, defter de\u011feri\/piyasa de\u011feri, aktif karl\u0131l\u0131\u011f\u0131) kullan\u0131larak regresyon analizleri\u00a0yinelenmi\u015ftir. Tekrarlanan regresyon analizlerinde elde edilen ili\u015fkinin ortadan kalkt\u0131\u011f\u0131 sonucuna\u00a0ula\u015f\u0131lm\u0131\u015ft\u0131r.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Anahtar Kelimeler:<\/td>\n<td>Mevduat\u00a0Bankalar\u0131, Malmquist TFV,\u00a0Hissedar Getirisi, Etkinlik,\u00a0Verimlilik<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"120\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>G21, G30, D24<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=524\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3026)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3026)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_4255\" class=\"pvc_stats all  \" data-element-id=\"4255\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: T\u00fcrk Bankac\u0131l\u0131k Sekt\u00f6r\u00fcnde Toplam Fakt\u00f6r Verimlili\u011fi \u0130le\u00a0Hissedar Getirisi \u0130li\u015fkisi Yazar(lar): Serhat Duranay, Gamze G\u00f6\u00e7men Ya\u011fc\u0131lar Cilt: 10 Say\u0131: 1 Y\u0131l: 2019 Sayfa: 27-40 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2019.154 \u00d6z 2002-2016 y\u0131llar\u0131 aras\u0131nda T\u00fcrk bankalar\u0131 \u00fczerine uygulanan bu \u00e7al\u0131\u015fman\u0131n ba\u015fl\u0131ca \u00fc\u00e7 amac\u0131\u00a0bulunmaktad\u0131r: (i) T\u00fcrkiye\u2019de faaliyet g\u00f6steren [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_4255\" class=\"pvc_stats all  \" data-element-id=\"4255\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 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class=\"pvc_clear\"><\/div>\n","protected":false},"author":4638,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-4255","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":85,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/4255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/4638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=4255"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/4255\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=4255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=4255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=4255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}