Parliamentary election cycles and the Turkish banking sector

Baum, Christopher F., Caglayan, Mustafa and Talavera, Oleksandr (2010) Parliamentary election cycles and the Turkish banking sector. Journal of Banking & Finance, 34 (11). pp. 2709-2719. ISSN 1872-6372

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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.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of Economics
Depositing User: Gina Neff
Date Deposited: 16 Nov 2010 16:02
Last Modified: 15 Jun 2023 15:30
DOI: 10.1016/j.jbankfin.2010.05.013

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