Parliamentary election cycles and the Turkish banking sector

Christopher Baum, Mustafa Caglayan () and Oleksandr Talavera ()

Journal of Banking & Finance, 2010, vol. 34, issue 11, 2709-2719

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 1963-2007, 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 meaningfully differ from that of either domestic and foreign-owned private-sector banks before, during or after elections. Our estimates also show that government-owned banks underperform both 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)
Date: 2010
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Citations: View citations in EconPapers (42)

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Related works:
Working Paper: Parliamentary Election Cycles and the Turkish Banking Sector (2010)
Working Paper: Parliamentary Election Cycles and the Turkish Banking Sector (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbfina:v:34:y:2010:i:11:p:2709-2719

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