Muhasebe ve Finans Yönetimi Bölümü Koleksiyonu
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Browsing Muhasebe ve Finans Yönetimi Bölümü Koleksiyonu by Author "Öztürk Danışman, Gamze"
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Article Citation - WoS: 59Citation - Scopus: 65Economic Policy Uncertainty and Bank Credit Growth: Evidence From European Banks(Elsevier B.V., 2020) Danışman, Gamze Öztürk; Ersan, Oğuz; Ersan, Oğuz; Öztürk Danışman, Gamze; Demir, EnderUsing a sample of 2977 private and listed banks in the EU-5 countries (the United Kingdom, Germany, Spain, Italy, France) for the years 2009–2018, this paper explores the impact of Economic Policy Uncertainty (EPU) on credit growth. Using panel data fixed effects methodology and controlling for endogeneity using two-step difference GMM estimators, our findings indicate that uncertainty in economic policies hampers the credit growth of European banks. Our bank type-based analyses indicate that the effect is mainly valid for cooperative banks. Additional analyses imply that the negative impact of EPU on credit growth is more pronounced in civil law countries, increases with debt maturity, and weakens for banks with a larger number of employees and branches. Furthermore, the unfavorable effects are stronger in well-capitalized banks, banks with foreign subsidiaries, and banks with a higher share of wholesale funding. We also provide several policy implications for different economic actors.Article Citation - WoS: 64Citation - Scopus: 75Financial Inclusion and Bank Stability: Evidence From Europe(Routledge Journals, 2020) Danışman, Gamze Öztürk; Öztürk Danışman, Gamze; Tarazi, AmineThe Great Recession of 2007-2009 piqued the interest of policymakers worldwide, prompting various initiatives to stabilize the financial system and advance financial inclusion. However, few studies have considered their interconnectedness or whether any synergies or trade-offs exist between them. This paper investigates how financial inclusion affects the stability of the European banking system. The findings indicate that advancements in financial inclusion through more account ownership and digital payments have a stabilizing effect on the banking industry. A deeper investigation shows that such a stabilizing impact is mainly driven by the targeting of disadvantaged adults who are young, undereducated, unemployed, and who live in rural areas. Hence, along with its known benefits to society as a whole, financial inclusion has the additional benefit of improving the stability of the financial system. Such findings call for policy configurations that are specifically designed to achieve financial inclusion for disadvantaged individuals.Article Citation - WoS: 53Citation - Scopus: 65Loan Loss Provisioning of Us Banks: Economic Policy Uncertainty and Discretionary Behavior(Elsevier Inc, 2021) Öztürk Danışman, Gamze; Öztürk Danışman, Gamze; Demir, Ender; Ozili, Peterson K.This paper examines the effect of economic policy uncertainty (EPU) on loan loss provisions (LLP). Using a sample of 6384 US banks and yearly data from 2009 to 2019 and addressing endogeneity (GMM and IV estimations), the findings reveal that in times of higher economic policy uncertainty, banks tend to increase their loan loss provisioning. Considering the four components of EPU, the findings document that the majority of the explanatory power on loan loss provisions originates from news-based and tax expiration indices. Moreover, US banks discretionally use loan loss provisions in normal times, especially for capital management and income smoothing. In uncertain times, they use provisions for income smoothing rather than capital management and after controlling for the discretionary behavior, the positive relationship of EPU and LLPs continue to hold. Additional analysis indicates that private banks conduct more income smoothing through provisions in uncertain times as compared to listed banks. The findings of the study highlight EPU as an additional procyclical factor to influence bank provisioning behavior and offer some relevant policy implications.
