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dc.contributor.advisorCaner, Selçuk
dc.contributor.authorUngan, Ayşe Ece
dc.date.accessioned2016-01-08T18:03:37Z
dc.date.available2016-01-08T18:03:37Z
dc.date.issued2007
dc.identifier.urihttp://hdl.handle.net/11693/14641
dc.descriptionAnkara : The Department of Management, the Institute of Economics and Social Sciences of Bilkent University, 2007.en_US
dc.descriptionThesis (Ph.D.) -- Bilkent University, 2007.en_US
dc.descriptionIncludes bibliographical references leaves 127-134.en_US
dc.description.abstractIn the aftermath of major crises, most emerging markets improved their banking industries according to Basel-II requirements, which emphasize the role of market discipline, supervision and capital adequacy in controlling risk-taking by banks. After the 1998 crisis in the Russian Federation and the 2001 crisis in Turkey, Central Bank of Russia and Banking Regulation and Supervision Agency of Turkey restructured and consolidated the banking industries in both of the countries. In the restructured banking environment, market discipline could be used as a complementary mechanism for improved supervision of banking systems. First two essays of this thesis elaborate on depositor discipline in the Russian Federation and Turkey. Findings provide evidence that in the Russian Federation, depositors allocate funds in well-capitalized and liquid banks. Similarly after the crisis, depositors in Turkey prefer well-capitalized banks that have favorable asset quality. Although banks in Turkey operate more efficiently, due to excessive guarantees, depositors do not monitor banks’ risk taking behavior particularly before restructuring. In the third essay, the role of different types of shareholders in disciplining listed banks in Turkey is studied. While diversified shareholders are interested in profitability, owner-managers are concerned with capital adequacy, liquidity and efficiency of the banks. In addition, owner-managers are found to have some influence on bank management to reduce risk-taking. In particular, small banks take measures to increase the capital ratio while decreasing non-performing loans as a result of an increase in shareholders’ asset risk assessments.en_US
dc.description.statementofresponsibilityUngan, Ayşe Eceen_US
dc.format.extentxi, 146 leavesen_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBankingen_US
dc.subjectTurkeyen_US
dc.subjectRussian Federationen_US
dc.subjectstock pricesen_US
dc.subjectemerging marketsen_US
dc.subjectequityholder disciplineen_US
dc.subjectdepositor disciplineen_US
dc.subjectmarket disciplineen_US
dc.subject.lccHG1615 .U54 2007en_US
dc.subject.lcshBank management.en_US
dc.subject.lcshBanks and banking--Russia (Federation)en_US
dc.subject.lcshBanks and banking--Turkey.en_US
dc.subject.lcshMarketing--Management.en_US
dc.subject.lcshRisk management.en_US
dc.subject.lcshStocks--Prices.en_US
dc.titleEssays on market discipline in emerging marketsen_US
dc.typeThesisen_US
dc.departmentDepartment of Managementen_US
dc.publisherBilkent Universityen_US
dc.description.degreePh.D.en_US


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