Parliamentary Election Cycles and the Turkish Banking Sector

Christopher Baum (), Mustafa Caglayan and Oleksandr Talavera
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Mustafa Caglayan: University of Sheffield

No 2009/5, Working Papers from Turkish Economic Association

Abstract: This paper analyzes the effects of parliamentary election cycles on the Turkish banking system. Using annual bank-level data representing all banks in Turkey during 1963–2005, we present evidence of meaningful differences in the structure of bank assets, liabilities and financial performance across different stages of the parliamentary election cycle. However, we find that government-owned banks’ behavior does not differ from either domestic or foreign-owned private sector banks before, during or after elections. Our estimates also show that government-owned banks underperform their domestic and foreign-owned private sector counterparts.

Keywords: Elections; state banks; domestic banks; foreign-owned banks; loans; interest rate margin (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2009

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Related works:
Working Paper: Parliamentary Election Cycles and the Turkish Banking Sector (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:tek:wpaper:2009/5

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