Predicting Financial Failure of the Turkish Banks

dc.contributor.authorDoganay, M. Mete
dc.contributor.authorCeylan, Nildag Basak
dc.contributor.authorAktas, Ramazan
dc.contributor.otherTourism Management
dc.date.accessioned2024-07-05T15:09:30Z
dc.date.available2024-07-05T15:09:30Z
dc.date.issued2006
dc.departmentAtılım Universityen_US
dc.department-temp[Doganay, M. Mete] Cankaya Univ, Ankara, Turkey; [Ceylan, Nildag Basak] Atilim Univ, Ankara, Turkey; [Aktas, Ramazan] TOBB Econ & Technol Univ, Ankara, Turkeyen_US
dc.description.abstractBanks are the most important financial institutions in Turkey because other financial institutions are not developed efficiently yet. Turkish banks experienced financial difficulties and a substantial amount of banks failed in the past. This event urged the government to initiate measures to prevent banks from getting into financial difficulties. As a result of these measures, Turkish banking system currently seems to be very attractive for the foreign investors willing to invest in this sector. One of the main concerns of the foreign investors is a possibility of a new banking crisis although it is very remote at this time. The purpose of this study is to develop early warning systems predicting the financial failure at least three years ahead of financial date. A number of multivariate statistical models such as multiple regression, discriminant analysis, logit, probit are used. We found that the most appropriate model is logit. The significant variables obtained from the models explain very well the causes of the bank failures. Our models can be used to assist interested parties to predict the probability of financial failure of Turkish banks.en_US
dc.identifier.citationcount1
dc.identifier.doi10.1142/S2010495206500059
dc.identifier.issn2010-4952
dc.identifier.issn2010-4960
dc.identifier.issue1en_US
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1142/S2010495206500059
dc.identifier.urihttps://hdl.handle.net/20.500.14411/1193
dc.identifier.volume2en_US
dc.identifier.wosWOS:000433656900005
dc.institutionauthorCeylan, Nildağ Başak
dc.language.isoenen_US
dc.publisherWorld Scientific Publ Co Pte Ltden_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectFinancial failureen_US
dc.subjectbankingen_US
dc.subjectearly warning systemen_US
dc.subjectbankruptcyen_US
dc.titlePredicting Financial Failure of the Turkish Banksen_US
dc.typeArticleen_US
dc.wos.citedbyCount1
dspace.entity.typePublication
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