Basic Financial Characteristics in the Banking Sector: An Empirical Analysis (1990-1997)
Osman Karamustafa
Istanbul Stock Exchange Review, 1999, vol. 3, issue 9, 1-20
Abstract:
This paper aims at analyzing how financial characteristics of commercial banks operating in Turkish financial markets developed between 1990-1997. Financial characteristics are determined by transforming data obtained from balance sheet and income statements and collecting these ratios in certain groups through the use of multivariate statistical techniques. It is found that financial structure of banks is the most important variable determining financial characteristics, which have usually a stable structure in the period under consideration.
Date: 1999
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