Participation Banks Research Articles

The Effect of Sustainability Performance on the Profitability of Participation Banks: An Application on Turkey with Panel Data

Sürdürülebilir bankacılığa geçişte, bankaların sürdürülebilir uygulamalarını paylaşmaları finansal ve sosyal performanslarını raporlamaları önemli bir adımdır. Türk bankacılık sistemindeki aktif büyüklüğü %7’ler civarında olan katılım bankaları, kuruldukları günden beri büyüyerek sektörün önemli aktörü olma yolunda ilerlemektedir. Katılım bankalarının çevresel ve sosyal risk yönetimi uygulamaları sektörün, sürdürülebilir finansa katkısını arttıracaktır. Katılım bankaları, sürdürülebilirliğe katkılarını sürdürülebilirlik raporları ya da yıllık faaliyet raporlarındaki uygulama açıklamalarıyla kamuoyuyla paylaşmaktadır. Bu açıklamaların bankaların kârlılıklarıyla ilişkisi, olumlu ise bu uygulamaların tüm iş süreçlerine, olumsuz olması ise sadece yasal zorunluluktan dolayı yapmalarına sebep olabilir. Katılım bankalarının kurumsal sürdürülebilirlik raporlamalarının kârlılık üzerinde bir etkisinin bulunup bulunmadığını incelemek bu nedenle önemli bir konudur. Çalışmada panel veri yöntemi kullanılarak katılım bankaların sürdürülebilirlik açıklamalarının kârlılıkları üzerindeki etkisi incelenmiştir. Kârlılık değişkeni olarak Özkaynak kârlılığı (ROE) bağımlı değişken olarak belirlenmiştir. Model Huber – Eicker – White tahmincisi kullanılarak tahmin edilmiştir. Gerçekleştirilen panel veri analizi sonucunda katılım bankalarının kârlılığı üzerinde sürdürülebilirlik açıklamalarının önemli derecede etkili olduğu sonucuna ulaşılmıştır. Bu sonuca göre katılım bankalarının kurumsal sürdürülebilirliğe ilişkin açıklamalarının, gönüllülük esasına dayalı bir şekilde artarak devam edebileceğini göstermektedir.

Post-Issue of Sustainability Report: Does Market Valuation Improve?

Following the increased concern on sustainability reporting in Indonesia, this study attempts to investigate whether the issuance of sustainability report is able to provide positive impact on bank reputation and market valuation. We use a set of unbalanced panel data that consist of 43 Indonesian listed banks throughout 2010-2018 while our analysis is performed with panel data regression using STATA statistics software. Overall, the findings demonstrate that environmental disclosure provides positive impact on market valuation while economic and social disclosure do not. We also find the mediating role of bank reputation between the link of environmental disclosure and market valuation. By splitting the observation period into pre and post sustainable finance roadmap implementation, we find that economic disclosure holds significant contribution to increasing market valuation in the period before sustainable finance roadmap implementation while social and environmental disclosure demonstrate positive effect in the period when sustainable finance roadmap is implemented. This study, however, still contains limitation due to the use of content analysis in assessing sustainability report quality that may contain subjectivity issue. Further studies can obtain external assurance from independent experts in this subject. The use of quantitative-qualitative mixed method may also be a solution to solve this issue. This study provides several implications. Firstly, this study supports the regulation from the Indonesia Financial Service Authority to increase the participation of Indonesian banks in sustainability reporting in which the implementation must be followed with high regulation enforcement. We also suggest the practice of sustainability reporting for Indonesian listed banks as it gives considerable benefit in higher market valuation. This research addresses the gap in Indonesian literature that is limited on determinant study by providing more insights on how sustainability reporting provides on higher bank reputation and market valuation.

Mission Accomplished? Balancing Market Growth and Moral Legitimation in the Fair Trade Moral Market

Mission Accomplished? Balancing Market Growth and Moral Legitimation in the Fair Trade Moral Market

Quo Vadis : Kebijakan Politik Hukum Bank Syari’ah Pasca Undang-Undang Nomor 21 Tahun 2008 Tentang Perbankan Syariah

The existence of legal politics in Islamic banks comprises the most common method for creating and enforcing regulations that can illustrate the kind and course in which the law will be constructed and implemented on the grounds. This is because the definition of legal politics itself is the official direction that the state uses as a basis to create and implement laws to achieve state goals. There are two dimensions of legal politics to consider when studying regulation: the basic policy dimension of why regulation is promulgated and the policy dimension of enactment. Regulations must be able to provide a basis and respond to the absence of the necessary supporting institutions for the Sharia banking industry, which serves as a form of improvement and implementation of the process of transforming the system of Islamic law into an integral part of the national legal system and laws regarding the operational system of banking business activities. The participation of Islamic banks in Indonesia is an important factor in national growth. This study employs an analytical-descriptive approach. It is a study that uses the statutory approach and the conceptual approach to define the scope and assess its existence. The formulation problem of this study is Quo Vadis: The Legal Politics of Islamic Banks under Post-Law Number 21 of 2008 on Sharia Banking. The purpose of this study is to examine the role of the state in regulating the development of Sharia banking in the context of the Plan to Create a Law on Sharia Economics.

The relationship between currency- protected deposits and bank performance: case of participation banks.

Purpose- This study aims to investigate in which way the foreign Currency Protected Deposit (CPD) system that was put on effect from the 21st of December 2021 affected the performance of the participation banks in Turkey. For this purpose, the financial performance of the participation banks during the 12 months preceding and the 9 months following the carrying into action of CPD has been measured by the means of CRITIC and WAPAS that are methods of the Multi-Criteria Decision Making (MCDM) model. Methodology: The data used within the scope of this study covers the 12 months of the year 2021 and the 9 months of the year 2022 in reason of the fact that 9 months data was available for 2021. The financial performance of the participation banks was assessed based on 5 criteria that are the total dividend revenues, return on assets, return on equity, operating cost/total assets, foreign assets/total shareholder’s equity Findings- It has been established that the most significant criterion in determining the financial performance of the participation banks is the operating cost/total assets while the least significant criterion is the return on equity. Furthermore, within the period that is investigated; the participation banks showed the worst performance in May 2021 and the best in September 2022. Conclusion- Consequently the performance of the participation banks showed a fluctuation and got down through 2021. Following the carrying into effect of the foreign Currency Protected Deposit (CPD) system, there has been a bettering in the financial performance of the participation banks in 2022; within a couple of months their performance kept raising. Keywords: Participation banks, financial analysis, financial performance, MCDM, banking sector JEL Codes: D81, G21, L25

The role of CSR practices in generating consumer perceived value: empirical evidence from Moroccan banking sector

PurposeCorporate social responsibility (CSR) has a positive impact on consumer behavior; however, how CSR affects consumer perceived value (CPV) has been neglected. The purpose of this paper is to examine the effect of CSR on CPV. More specifically, this paper investigates how the dimensions of CSR can generate the three types of CPV.Design/methodology/approachThis research is confirmatory and therefore quantitative. Thus, the choice fell on the questionnaire survey of 108 customers of conventional banks in Morocco. The partial least square method was chosen for the data analysis.FindingsThe results show that the link between CSR and customer perceived value can vary according to the CSR dimension. This study finds that the economic dimension is the only one to contribute the three types of CPV (functional value, emotional value and social value). The environmental dimension affects only the functional value. The social dimension does not generate any value.Research limitations/implicationsCSR is not the only variable that generates CPV. The consideration of other constructs seems to be considered. Restricting this study to a single category of banking customers and to a single sector is another limitation. Future research might replicate this study on a sample of clients from participatory banks as well as from other sectors.Practical implicationsThe results can help Moroccan banks identify the dimensions of CSR that can meaningfully generate CPV. This will help them to increase customer loyalty, develop a competitive advantage and improve their performance by prioritizing CSR initiatives capable of creating value for consumers.Originality/valueNo previous research in Morocco, to the best of the author’s knowledge, has explored the effect of CSR on CPV. This paper therefore provides the first empirical evidence in North Africa on the link between CSR and CPV in Morocco. This study also extends previous studies by considering CSR as a multidimensional construct covering three dimensions (social, environmental and economic).

COVID-19 PANDEMİ SÜRECİ VE İNSAN KAYNAKLARI YÖNETİMİ UYGULAMALARI: BANKA YÖNETİCİLERİNİN GÖRÜŞLERİNE YÖNELİK NİTEL BİR ÇALIŞMA

The COVID-19 pandemic has drastically changed human resources practices in the business world. The aim of this research is to examine the chancing human resources management practices due to the COVID-19 pandemic through the perspectives of bank managers. Case analysis was used as a research approach, and the COVID-19 period was recognized as a case due to its unique circumstances. Within the scope of this research, data were collected through semi-structured in-depth interviews with 12 participants working in state, private and participation banks operating in Konya. The research findings reveal that the state, private and participation banks react to unexpected situations caused by the pandemic. It was found that the resulting uncertainties were responded to by using flexibility and more digitalized applications. Furthermore, in addition to the important similarities in the codes regarding the perceived employee value at state, private or participation banks, it has been revealed that the codes in some areas differ. Other results revealed that, regardless of bank type, activities in occupational health and safety measures, construction of the social areas, corporate membership, customer visits and idea developments was affected by the COVID-19 process.

Examination of Subjective Well-Being Levels of Participation Bank Employees in Terms of Different Demographic Variables

Bu araştırma banka çalışanlarının işyerindeki öznel iyi oluş (mutluluk) düzeylerinin farklı demografik değişkenler (yaş, medeni ve eğitim durumu, cinsiyet ve çalışılan pozisyon) açısından farklılaşma durumunu ortaya koymayı hedeflemektedir. Araştırma, bir katılım bankasının Türkiye’de faaliyet gösteren tüm şube çalışanlarını kapsamaktadır. Çalışmada online anket tekniğinden yararlanılmış, 15.04.2021-19 tarih ve sayılı Süleyman Demirel Üniversitesi etik kurul izni ile kolayda örnekleme yöntemi kullanılarak veriler toplanmıştır. Ölçüm aracı olarak Lyubomirsky ve Lepper (1999)’ın geliştirdiği, Akın ve Satıcı (2011)’nın Türkçe uyarlamasını yaptığı ölçek kullanılmıştır. Araştırma kapsamında 1100 banka çalışanına ulaşılmış, 374 kişi ankete katılım sağlamıştır. Toplanan verilerin analizinde SPSS 26.0 programından yararlanılmıştır. Araştırmada frekans analizleri, ölçeklere ait güvenilirlik analizi ile katılımcıların öznel iyi oluşlarının demografik değişkenlere göre farklılaşma durumlarını belirlemek amacıyla bağımsız örneklem t-testi ve anova testi kullanılmıştır. Araştırmanın bulgularına göre, katılım bankası çalışanlarının genel öznel iyi oluş (mutluluk) seviyesi orta düzeyin üzerindedir. Katılımcıların öznel iyi olma durumları medeni duruma göre farklılaşmaktadır. Evli olan katılım bankası çalışanlarının evli olmayanlara göre öznel mutluluk düzeyinin daha yüksek olduğu sonucuna ulaşılmıştır. Katılımcıların cinsiyet, yaş, eğitim durumu ve çalışılan pozisyona göre öznel iyi oluş düzeyleri farklılaşmamaktadır. Elde edilen sonuçlar önceki çalışmaların bulguları ile birlikte tartışılmıştır.

Characteristics of Emergency Medicine Specimen Bank Participants Compared to the Overall Emergency Department Population.

Biorepositories lack diversity both demographically and with regard to the clinical complaints of patients enrolled. The Emergency Medicine Specimen Bank (EMSB) seeks to enroll a diverse cohort of patients for discovery research in acute care conditions. Our objective in this study was to determine the differences in demographics and clinical complaints between participants in the EMSB and the overall emergency department (ED) population. This was a retrospective analysis of participants of the EMSB and the entire UCHealth at University of Colorado Anschutz Medical Center (UCHealth AMC) ED population across three periods: peri-EMSB; post-EMSB; and COVID-19. We compared patients consented to the EMSB to the entire ED population to determine differences in age, gender, ethnicity, race, clinical complaints, and severity of illness. We used chi-square tests to compare categorical variables and the Elixhauser Comorbidity Index to determine differences in the severity of illness between the groups. Between February 5, 2018-January 29, 2022, there were 141,670 consented encounters in the EMSB, representing 40,740 unique patients and over 13,000 blood samples collected. In that same time, the ED saw approximately 188,402 unique patients for 387,590 encounters. The EMSB had significantly higher rates of participation from the following: patients 18-59 years old (80.3% vs 77.7%); White patients (52.3% vs 47.8%), and women (54.8% vs 51.1%) compared to the overall ED population. The EMSB had lower rates of participation from patients ≥70 years, Hispanic patients, Asian patients, and men. The EMSB population had higher mean comorbidity scores. During the six months after Colorado's first COVID-19 case, the rate of consented patients and samples collected increased. The odds of consent during the COVID-19 study period were 1.32 (95% CI 1.26-1.39), and the odds of sample capture were 2.19 (95% CI 2.0-2.41). The EMSB is representative of the overall ED population for most demographics and clinical complaints.

Leveraging financial inclusion through Islamic microfinance: A new model proposal for participation banks in Turkiye

This study provides a tailor-made microfinance model for participation banks (PBs) in Turkiye, benefiting from the global practices and comments of the key stakeholders collected in 40 depth interviews. We find that PBs have significant potential with respect to the source of funds, financing instruments, and risk management tools. The stakeholders have a broad consensus that if PBs are to play their development role, they should integrate microfinance into their activities. The study provides the most comprehensive research on Islamic microfinance in Turkiye, incorporating the opinions of participation bankers, managers of Islamic microfinance institutions (MFIs), regulatory authority representatives, and academics, including shari'ah scholars. The proposed model contributes to the limited literature on Islamic microfinance in Turkiye and offers practical implications for PBs through which they can strengthen their social responsibility role and contribute to the financial inclusion of people with a low income.

The effect of currency protected deposits on financial performance of participation banks

Purpose- The aim of this study is to measure the effect of the Currency Protected Deposit (KKM) application, which entered into force on December 21, 2021, on the financial performance of participation banks.. Methodology- In the study, a hybrid MCDM method consisting of CRITIC and WASPAS methods was used to measure the effect of Currency Protected Deposit on the financial performance of participation banks. The data regarding the banks in question have been compiled from the website of the Banking Regulation and Supervision Agency (BDDK). Within the scope of the study, 12-month data for 2021 and 9 months for 2022 were included in the analysis. Financial performance of participation banks was evaluated on 5 criteria: Total Dividend Income, Return on Assets, Return on Equity, Operating Expenses/Total Assets, Foreign Resources/Total Equity. Findings- As a result of the analysis made within the scope of the study, it has been determined that the criterion with the highest weight in determining the financial performance of participation banks is the Operating Expense / Total Assets criterion. According to the results of the WASPAS method, it was determined that the participation banks showed the worst performance in the period under consideration in May 2021. The period with the best performance was determined as September 2022. Conclusion- The results of the analysis conducted within the scope of the study show that the performance of participation banks fluctuated in 2021 and there was a decrease in their performance during the period under consideration. It has been determined that the financial performance of participation banks has increased with the Currency Protected Deposit (KKM) application, which came into effect in December 2021, and the performance increased continuously in 2022 in general, and the best performance was shown in September 2022.. Keywords: Participation bank, financial analysis, financial performance JEL Codes: D81, G21, L25, P47

Efficiency assessment of the Turkish banking sector in the pre- and during Covid-19 pandemic periods

Purpose- As in most emerging economies, banks are the backbone of the Turkish financial system. The banking sector has also undergone many changes such as the liberalization process in the 1980s, and the inclusion of participation banks in 2005, which have caused increased competition in the sector. Therefore, the performance of the Turkish banking sector is always under the scrutiny of regulators and bank managers as well as investors. Considering the devastating impact of the Covid-19 pandemic on the banking sector, the study aims to evaluate the efficiency of deposit and participation banks in the pre- and during pandemic periods. Methodology - Data envelopment analysis is applied to evaluate the relative efficiency of Turkish banks from 2019 through 2021. Adopting the intermediation approach, deposits and labor are employed as inputs while loans and net interest income are used as outputs. Findings - The empirical findings show that the average technical efficiency of the Turkish banks is around 85% in the covering periods. Breaking technical-efficiency into pure technical efficiency and scale-efficiency reveals that most of the inefficiency is due to poor management practices rather than diseconomies of scale. When we turn our attention to bank groups, the mean technical efficiency of participation banks is lower than those of deposit banks. Conclusion - Overall, the efficiency of participation banks is lagged behind the those of deposit banks in Turkey. In addition, Covid-19 does not outstanding effect on the overall efficiency of the Turkish banking sector. Keywords: Efficiency, Islamic banking, conventional banking, Data Envelopment Analysis (DEA) JEL Codes: C61, C67, G21

TMS1 ve FFMS1 MUHASEBE STANDARTLARININ KARŞILAŞTIRILMASI VE KATILIM BANKALARI AÇISINDAN DEĞERLENDİRİLMESİ

Finansal tablo kullanıcılarının doğru ve güvenilir kararlar alabilmesi için Türkiye Muhasebe Standartları (TMS) ve İslami inançlara uygun yatırım kararları için Faizsiz Finans Muhasebe Standartları (FFMS) finansal tablolara ilişkin genel sunum ve açıklamaları ifade etmektedir. Bu çalışmanın amacı, TMS1 Finansal Tabloların Sunuluşu ve FFMS1 Katılım Bankaları ve Faizsiz Finans Kuruluşlarının Finansal Tablolarında Genel Sunum ve Açıklama standartlarını karşılaştırmak, standartlara ilişkin farklılıklar ve benzerlikler tespit etmektir. Çalışmanın sonuçlarına göre, FFMS1 ve TMS1 standartlarının tam set finansal tabloları arasında farklılıklar vardır. TMS1 ve FFMS1 standartları arasında yuvarlama derecesi, netleştirme, dipnotlarla çapraz referanslama ve muhasebe politikalarında değişiklik konularında benzer uygulamalar yer almaktadır. FFMS1’de TMS1’e göre farklı olarak hükümlerden biri varlıklar ve yükümlülüklerin kısa ve uzun vadeli olarak sınıflandırılmamasıdır. Bir diğer farklılık, gelir tablosunda vergi ile beraber zekât karşılığı da ödendikten sonra net kâr (zarar) rakamlarına ulaşılmaktadır. FFMS1’de TMS’den farklı olarak, varlıklar, yükümlülükler, kısıtlanmamış yatırım hesapları ve benzerleri açıklama yapılmadan birleştirilemez. Çalışmada ayrıca, Türkiye’deki altı katılım bankasının FFMS standartlarına uygun raporlama yapıp yapmadığı araştırılmış, iki bankanın sadece kredileri için FFMS standartlarını uyguladığı fakat genel çerçevenin TFRS olarak belirlendiği, kalan dört bankanın ise TFRS standartlarına uygun raporlama yaptığı belirlenmiştir. Çalışmanın ilerde konuyla ilgili yapılacak çalışmalarda FFMS standartının kullanım alanları konusunda araştırmacılara yardımcı olması beklenmektedir.

How do noninterest income activities affect bank holding company performance?

We investigate whether noninterest income activities affect bank performance measures, and we present evidence consistent with the theory that synergy between interest and noninterest income improves performance. A decomposition of ROA into cost and revenue ratios reveals that the improved performance associated with noninterest income arises mainly through revenue efficiency. We find consistent results using a risk-adjusted performance measure. Our results also show that noninterest income activities do not adversely affect BHC performance during the 2008 financial crisis, and in some cases, they even improve performance. Our findings help inform policymakers regarding regulations permitting bank participation in noninterest income activities.

The effects of different modes of foreign bank entry in the Turkish banking sector during the 2007–2009 Global financial crisis

<abstract> <p>This paper provides insights on how foreign bank entry modes (acquisition vs. greenfield investment) in an emerging market (Turkey) influenced bank strategies during the 2007–2009 global financial crisis. Using a comprehensive dataset comprising twenty-nine accounting variables from Turkish banks' financial statements during 2005–2010, we find important differences between foreign-acquired banks and foreign bank branches in lending and sourcing funds. We find that foreign bank branches continued to support international trade by issuing import loans during 2007–2009 global financial crisis, whereas foreign-acquired banks focused on issuing consumer and credit card loans. In terms of bank sourcing funds, we find that foreign-acquired banks were able to continue to use foreign currency deposits of Turkish residents and local interbank funding including participation (Islamic) banks. Foreign bank branches, on the other hand, relied on sourcing funds from international interbank funding and foreign currency deposits of residents abroad, which led to the necessity for them to change their strategies because of funding shortage in international markets. Our results show that the presence of foreign banks in Turkish banking sector enabled the continuity of bank lending activities in host market during the turmoil of 2007–2009 global financial crisis. Our findings on foreign bank entry mode provide new evidence and have important implications for both policy makers and practitioners in emerging markets.</p> </abstract>

Availability of bank loans for economic entities in Kazakhstan: assessment of the interrelation of influencing factors

Currently, the credit opportunities of the financial and credit sector are strategically important in ensuring the full development of economic entities, modernization and diversification of production, financing of investment projects. In Kazakhstan, in order to implement state programs, strategies for the development of the financial and credit sector are being developed, modern mechanisms for regulating and stimulating the lending activities of second-tier banks are being used. At the same time, it is noted that the target indicator for expanding the participation of banks in financing the economy has not been reached due to the negative impact of macroeconomic and geopolitical factors, including a decrease in business activity, the dependence of large enterprises of Kazakhstan on external borrowings and others. The article substantiates that the limited access to credit resources is a serious obstacle for economic entities, including small and medium-sized enterprises. A comprehensive solution to the problems in this area is needed to improve the process of interaction between credit institutions and economic entities. Increasing the availability of loans for the real sector of the economy can be achieved through the use of digital technologies, including big data analytics and artificial intelligence in decision-making and the formation of credit conditions.

Antecedents and consequences of corporate reputation from a bi-stakeholder perspective in Turkish banking sector

This paper examines the effects of corporate identity strength (CIS) and corporate reputation (CoR) on the performance of Turkish banks. We suggest that CIS is related to firm performance (FP). In addition, CoR is proposed as an important variable that has positive impacts on both organizational identification (OI) and FP. Presumed relationships are tested based on data obtained from 54 banks registered in the Turkey Banking System and Participation Banks Association of Turkey by using SmartPLS 3.0. The findings show that CIS is positively associated with CoR while they provide no empirical evidence in support of a direct relationship between CIS and OI, or between CIS and any of the other performance variables. Moreover, the results also provide empirical evidence regarding a positive relationship between CoR and FP in terms of self-reported and objective measures (AU= asset utilization, and ROA: return on assets). Besides, the findings support the mediation role of CoR between CIS and self reported firm performance. By highlighting the antecedent role of CIS on CoR and firm performance in the banking industry from a bi-stakeholder perspective, this study offers a framework for researchers and managers to visualize and understand the relationships between corporate-level constructs and individual and firm-level outputs, thus enhancing the movement of the Social Identity Theory in OB literature.

Katılım Bankalarının Finansal Sağlamlığının Bankometer ve Z-Skor Yöntemleriyle Analizi

Bu araştırmada katılım bankacılığı sektörünün finansal açıdan sağlamlığı ve borç ödeme gücü Türkiye bağlamında incelenmiştir. Bu amaç doğrultusunda Türkiye’de faaliyet gösteren beş katılım bankasının (Albaraka Türk, Kuveyt Türk, Türkiye Finans, Vakıf Katılım Bankası, Ziraat Katılım Bankası) durumu 2016-2020 dönemi finansal verilerinden hareketle analiz edilmiştir. Araştırmada Shar vd. (2010) tarafından geliştirilen Bankometer modeli bankaların borç ödeme gücünü ölçmek için; Altman (1968) tarafından geliştirilen Z-Skor modeli de bankaların iflas potansiyelini tahmin etmek için kullanılmıştır. Araştırmada kullanılan Z-Skor modeli sonuçlarına göre hem özel sermayeli hem de kamu sermayeli katılım bankalarının iflas riskiyle karşı karşıya oldukları; Bankometer modeli sonuçlarına göre ise katılım bankalarının incelenen dönemlerde çoğunlukla gri bölgede yer aldıkları ve finansal zorluk yaşama potansiyeli taşıdığı sonuçlarına ulaşılmıştır.

Islamic Banks Affected By Conventional Bank Interest Rates? The Case of Tukiye

The purpose of this study is to reveal the empirical causal relationship between the variables that affect the profit rates distributed to deposits at participation banks. In this study, monthly data for the period 2002:M01-2022:M02 were used in order to reveal the variables affecting the profit share rates distributed to deposits by participation banks. In order to analyze the relationship between the variables, the Johansen cointegration test, impulse-response analysis were used within the framework of the VAR model, and the effect ratios of the variables were revealed with the var decomposition table. In addition, the causality relationship was discussed with the Toda-Yamamoto causality test. In the study, a model has been developed that reveals the variables that affect the change in the profit share rate of participation banks distributed to time deposits. In the analyzes made, it has been revealed that the interest rates of conventional banks are effective on the profit share rates of participation banks in accordance with the literature in the case of Turkiye. VAR Decomposition results; It shows that approximately 38.05% of the change in the profit share ratio of participation banks distributed to time deposits in the 10th period is explained by the interest rate given to 1-year maturity deposits of conventional banks operating in Turkiye.

Kamusal Sermayenin Katılım Bankacılığının Performansına Etkisi: Türkiye Katılım Bankacılığına Yönelik Panel Veri Analizi

ÖZ Son dönemde ülkemizde konvansiyonel bankaların yanı sıra katılım bankaları da finansman alanında adından söz ettirmeye başlayarak her geçen yıl reel sektöre verdiği desteği arttırmaktadır. Yakın bir sürece kadar sadece özel ve yabancı sermayeli bankaların hâkim durumda olduğu Türkiye Katılım Bankacılığı sektöründeki canlanmaya ve artan hacme kamu otoritesinin de kayıtsız kalmayarak son dönemde hızlı şekilde sektöre giriş yapması ile sektörün konvansiyonel sistemle arasındaki farkı gittikçe azaltması, sektöre kamusal sermayenin girişinin sektöre bir dinamizm kazandırması durumu ortaya çıkmıştır. Çalışmada 2010: Q1-2020: Q3 dönemi için kamusal sermayeli katılım bankalarının sektöre girişinin sistemin performansı üzerinde ortaya çıkardığı etkinin ölçülmesi amaçlanmaktadır. Bu kapsamda, katılım bankalarına ilişkin veriler iki aşamalı sistem genelleştirilmiş momentler (GMM) yöntemi kullanılarak incelenmiştir. Çalışmadan elde edilen sonuçlar, kamusal sermayenin sektöre girmesinin her ne kadar olumsuz etki ortaya çıkardığını göstermekte ise de kamu sermayeli katılım bankalarının daha çok yaygınlaşarak ölçek ekonomisi etkisi yaratmasıyla sektöre olumlu katkı sağlayabilecekleri ifade edilebilir. Anahtar Kelimeler: Katılım bankacılığı, Bankacılık sektörü, Sistem GMM. JEL Sınıflandırması: G21, G01, C13