International Journal of Finance & Banking Studies

Bu çal??man?n amac?, Türkiye’de hayat d??? sigortac?l?k sektöründe aktif karl?l??? ile firmaya özgü faktörler aras?ndaki ili?kiyi tespit ederek aktif kârl?l???n?n etkinlikten mi yoksa yo?unla?madan m? kaynakland???n? belirlemektir. Bu amaçla, Türk sigorta sektöründe faaliyet gösteren 36 hayat d??? sigorta ?irketi aras?nda 2015 y?l? verilerine göre pazar?n toplam %83.38’ini olu?turan 15 sigorta ?irketinin 2010-2015 dönemine ait mali verileri ile performans ili?kisine yönelik Period SUR panel veri analizi yap?lm??t?r. Analiz sonuçlar?na göre, aktif büyüklü?ü, likidite ve pazar pay? de?i?kenleri ile aktif karl?l??? aras?nda pozitif ve istatistiki olarak anlaml? bir ili?ki tespit edilmi?ken kald?raç, hasar/prim oran? ve firma ya?? de?i?kenleri aras?nda ise negatif ve istatistiki olarak anlaml? bir ili?ki tespit edilmi?tir.  Analiz dönemi boyunca Herfindahl–Hirschman Endeksi de?erleri 1.500’ün alt?nda oldu?u için Türkiye’de hayat d??? sigortac?l?k sektörünün yo?un olmayan bir piyasa görünümünde oldu?u tespit edilmi?tir. Bu nedenle, hayat d??? sigortac?l?k sektöründe aktif kârl?l??? yo?unla?madan daha ziyade faaliyetlerdeki etkinlikten kaynaklanmaktad?r.

<p>Location selection problem in banking is an important issue for the commercial success in competitive environment. There is a strategic fit between the location selection decision and overall performance of a new branch. Providing physical service in requested location as well as alternative distribution channels to meet profitable client needs is the current problematic to achieve the competitive advantage over the rivalry in financial system. In this paper, an integrated model has been developed to support in the decision of branch location selection for a new bank branch. Analytic Hierarchy Process (AHP) technique has been conducted to prioritize of evaluation criteria, and multi-objective optimization on the basis of ratio analysis (MOORA) method has been applied to rank location alternatives of bank branch.  </p>

Küreselle?me, mal ve hizmetlerin dünya ölçe?inde serbest dola??m?d?r. Günümüzde teknolojide ya?anan geli?meler küreselle?menin h?z?n? artt?rm??t?r. Küreselle?meyle birlikte,  ekonomik geli?melerde ya?anan belirsizlik ve karma??kl?k, toplumlar?n ve bireylerin sosyo- ekonomik yap?lar?n? de?i?tirmi?tir. Toplumlar?n sosyo ekonomik yap?lar? bireylerin finansal kararlar?yla ?ekillenmektedir. Bireylerin alm?? oldu?u finansal kararlar?n do?rulu?u, bireylerin finansal okuryazarl?k düzeyi ile ilgilidir. Karma??k ve belirsiz ko?ullar içindeki ekonomide toplumun en küçük yap?s? olan ailelerin ald??? finansal kararlar sadece aileyi de?il tüm toplumu etkilemektedir. Ailelerin de?i?imin h?zl? ve sürekli oldu?u ekonomik hayatta ald??? yanl?? finansal kararlar nedeniyle birlik ve düzeni bozulmaktad?r. Bunun için demografik özelli?i farkl? her bireyin sahip oldu?u finansal okuryazarl?k düzeyini yükseltecek finansal e?itim uygulamalar?n?n önemi yüksektir. Birçok ara?t?rmada, ya?l? ve e?itim düzeyi dü?ük bireylerin daha çok finansal risk içinde oldu?u vurgulanmaktad?r. Bu çal??mada, Türk Silahl? Kuvvetlerinde görev yapm?? emekli askeri personelin finansal okuryazarl?k seviyesi incelenmi?tir. Ülkenin savunma hizmetlerinde çal??an Türk Silahl? Kuvvetleri personeli, görev sahas? itibariyle finansal sistemlerde ya?anan geli?melere uzak kalabilmektedir. Bu durum, bilgiye dayal? finansal kararlar alma becerisinin önemini art?rmaktad?r. Çal??ma sonucunda, emekli askeri personelin finansal okuryazarl?k seviyesi ve finansal bilgileri tespit edilmi?tir. Bu tespitler do?rultusunda aktif olarak görev yapan askeri personelin gelece?e dönük finansal fark?ndal???n? artt?rmak amaçlanm??t?r.

By drawing on Ukrainian experience, this paper analyzes the anatomy of bank efficiency in a transitional economy. Acknowledging the vast disparities in the business technology of different size banks, in this comprehensive study, we innovatively estimate group-specific (distinct) frontiers for small, medium, and large size banks. The results from separate frontiers reveal that Ukrainian banks record 38% technical inefficiency, 26% pure technical inefficiency, and 17% scale inefficiency on average. Apparently, banks in transition waste about the two fifths of their factor inputs during the production of financial services. The cardinal source of sub-performance in transitional banks seems to be managerial inefficiencies. We also found that banks operating in areas with more political influence and more developed infrastructure outperform the banks operating in politically and economically weaker regions. The results also indicate that larger banks, enjoying public trust in a risky business climate, dominate smaller banks in all forms of efficiency. However, such bias for size causes large banks to suffer from decreasing returns to scale and small banks from idle capacity. Consequently, the policies promoting consolidation between small and large banks may alleviate the excess (idle) capacity for large (small) banks in a transitional economy.

The purpose of this study is to explore the importance and ranking of technical analysis variables in Turkish banking sector. Random Forest method is used for determining importance scores of inputs for eight banks in Borsa Istanbul. Then two predictive models utilizing Random Forest (RF) and Artificial Neural Networks (ANN) are built for predicting BIST-100 index and bank closing prices. Results of the models are compared by three metrics namely Mean Absolute Error (MAE), Mean Square Error (MSE), Median Absolute Error (MedAE). Findings show that moving average (MAV-100) is the most important variable for both BIST -100 index and bank closing prices. Therefore, investors should follow this technical indicator with respect to Turkish banks. In addition ANN shows better performance for all metrics.

<p>Considering the impacts of the conflict on the economic parameters in terms of macroeconomics, the following factors might affect the profitability of the company: foreign capital outflows, decrease in exports, increase in the interest rates, disruption of the investment climate, increase in the exchange rates, increase in the costs of import entry etc. Due to the expectable decrease in profit shares as to the investors, the contraction in the risk appetite will cause volatility in the prices of equity securities markets based on the impacts of the conflict, and the equity securities will depreciate. In this study, the main contributions on conflict risk and related econometric models have been discussed.</p>

<p>The World Bank is the most important financier for international investment. The bank opens credits mostly for investment projects in developing countries. Turkey has received various investment credits since its membership to the World Bank on March 11, 1947. The credits were used for economic and social domains. Turkey has also been granted credits from the European Investment Bank (EIB). The credits received are composed of micro credits that belong to small and medium enterprises (SMEs). A regional development bank, Islamic Development Bank, has also received credits through Eximbank and Industrial Development Bank of Turkey (TSKB) to finance Turkish SMEs. This paper deals with Turkish investment strategies in the framework of basic principles of investment – development banks.</p>

<p>Banks, one of the most significant economic means of the nations and international organizations, have occasionally become one of the institutions mostly affected by the financial crisis in the world. Especially in the economies of the developed countries, one of the most important aspects of the financial sector is measured by the size of the financial resources and assets of the banks. The size and place of the investment banks depends on the investment and existing credit reserves appropriated by its members. From this perspective, scrutinizing the Investment and Developments Banks, which is one of the economic growth criteria, is of high importance. To this end, in addition to the operation of the Investment and Development Banks, financial products of these banks in Turkey are also analyzed in this study.</p>

Bu çal??man?n amac?, Türkiye’de hayat d??? sigortac?l?k sektöründe aktif karl?l??? ile firmaya özgü faktörler aras?ndaki ili?kiyi tespit ederek aktif kârl?l???n?n etkinlikten mi yoksa yo?unla?madan m? kaynakland???n? belirlemektir. Bu amaçla, Türk sigorta sektöründe faaliyet gösteren 36 hayat d??? sigorta ?irketi aras?nda 2015 y?l? verilerine göre pazar?n toplam %83.38’ini olu?turan 15 sigorta ?irketinin 2010-2015 dönemine ait mali verileri ile performans ili?kisine yönelik Period SUR panel veri analizi yap?lm??t?r. Analiz sonuçlar?na göre, aktif büyüklü?ü, likidite ve pazar pay? de?i?kenleri ile aktif karl?l??? aras?nda pozitif ve istatistiki olarak anlaml? bir ili?ki tespit edilmi?ken kald?raç, hasar/prim oran? ve firma ya?? de?i?kenleri aras?nda ise negatif ve istatistiki olarak anlaml? bir ili?ki tespit edilmi?tir.  Analiz dönemi boyunca Herfindahl–Hirschman Endeksi de?erleri 1.500’ün alt?nda oldu?u için Türkiye’de hayat d??? sigortac?l?k sektörünün yo?un olmayan bir piyasa görünümünde oldu?u tespit edilmi?tir. Bu nedenle, hayat d??? sigortac?l?k sektöründe aktif kârl?l??? yo?unla?madan daha ziyade faaliyetlerdeki etkinlikten kaynaklanmaktad?r.

Nowadays, one of the leading factors used in the evaluation of a country’s economic development is energy consumption. Because of economic growth, demand for energy is also increasing. In this study, the emerging European countries’ (the Czech Republic, Poland, Romania, Turkey) and the CIS countries’ (Kazakhstan, Russia, Ukraine, Uzbekistan)  electricity consumption has been forecasted for five years period (2015-2019). In the study, GM(1,1) Rolling Model, which is developed in the framework of Grey System Theory is used as a mathematical model for real-time forecasting. The results of the study show that there will not be a significant change in electricity demand in this two area during the 2015-2109 period.