Erol, Cengiz and Seven, Ünal and Aydoğan, Berna and Tunc, Seda The impact of financial restructuring after 2001 Turkey crisis on the risk determinants of Turkish commercial bank stocks. International Journal of Economic Perspectives, 7 (4). ISSN 1307-1637 (2013)
Full text not available from this repository.Abstract
This paper examines the risk features of Turkish commercial banks and the determinants of their systematic and unsystematic risks by analyzing the effects of financial reforms after 2001 crisis. The sample period is divided into two sub-periods: before financial restructuring period (1994-2000) and post-financial restructuring period (2001-2010). The OLS framework is utilized to investigate the impact of financial restructuring on the risk determinants. For the majority of the stocks in the sample, the results point out that turnover and size are the most explanatory variables for systematic risk and unsystematic risk, respectively in two sub-periods. As for the comparison of the before and post-financial restructuring periods, the results indicate that there is not a significant change in risk factors, suggesting that investors risk preferences are same for the analyzed period.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Systematic Risk; Risk Factors; Financial Restructuring; Commercial Banks - JEL Classification: G01; G11; G21; G32 |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance |
| Research Area: | Economics and Institutional Change |
| Depositing User: | Ms T. Iannizzi |
| Date Deposited: | 11 Jun 2014 12:52 |
| Last Modified: | 18 Mar 2016 10:41 |
| URI: | http://eprints.imtlucca.it/id/eprint/2199 |
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