Purpose – To investigate the effects of regulations, macroeconomic changes, and political events on the efficiency of the Turkish banks during the period 1997-2013, when crucial changes were experienced. To analyze the effects of an extensive set of bank-specific and environmental factors on...

This study researches the effects of bank efficiency changes of returns in Turkish stock markets using a two-stage model for the period of 2002-2017. First, Malmquist Productive Index is employed to measure the different dimensions of efficiency; then, static and dynamic panel data models are...

This study investigates intraday effects in the Istanbul Stock Exchange (ISE) during the latest period of financial turmoil which began in August 2007 and extended to February 2010. We tested for the possible existence of intraday anomalies using both return and volatility equations, empirically...

Conventional performance indicators, especially after recent financial restructuring initiatives, are criticized more than ever for not associating performance and risk. The purpose of this study is to benchmark performance of banks in comparison to risk-taking preferences, under different...

This paper examines the interrelation between short selling and volatility as differing from previous research in that it focuses on intraday activities, rather than the daily price movements. We demonstrate that the effects of short selling activity change during the two sessions of the day and...

The aim of this study is to develop a performance model for measuring the relative efficiency and potential improvement capabilities of bank branches by identifying their strengths and weaknesses. Another purpose is to investigate the production and profitability aspects of branches. Under both...