This study analyzes the effects of public debt on financial development in Turkey. Specifically, we examine the role of public debt in profitability and efficiency, proxies for financial development, of the Turkish Banks. We find that public debt increases the profitability of private and...

The financial sector which play a crucial role in the economy by intermediating the transfer of savings to productive investment opportunities is among the sectors that is affected deeply from financial crises. Financial crises result in a shrinkage of the total amount of the financial sector's...

CAPM is one of the subjects that constitute fundamentals of modern finance theory. Although the research that test validity of CAPM give conflicting results, CAPM is widely used especially in portfolio investments and capital budgeting. In this study, we test validity of the CAPM in Istanbul...

Bu çalışmada Türkiye’de kamu kesimi borçlanmalarının finansal gelişmeye etkileri araştırılmaktadır. Daha açık bir ifadeyle, bankaların kamu kesimine kullandırdığı kaynakların literatürde finansal gelişmeyi temsil ettiği belirtilen banka kârlılığına ve banka...

Purpose – The purpose of this paper is to review the housing sector of Turkey and present the housing development strategies developed by government enterprises for the urban poor in Turkey as successful examples. Design/methodology/approach – The methodology of the paper is descriptive....