Financial transparency and sources of hidden capital in Turkish banks

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dc.citation.epage43en_US
dc.citation.issueNumber1en_US
dc.citation.spage25en_US
dc.citation.volumeNumber37en_US
dc.contributor.authorTanyeri B.en_US
dc.date.accessioned2016-02-08T10:05:50Z
dc.date.available2016-02-08T10:05:50Z
dc.date.issued2009en_US
dc.departmentFaculty of Business Administrationen_US
dc.description.abstractThis paper investigates how changes in regulatory and economic environments affect the transparency of banks' financial-statements. Reregulation and a volatile economy make Turkish banks the ideal sample. I disaggregate sources of both hidden and booked capital in Turkish banks traded on the Istanbul Stock Exchange between 1988 and 2006. Hidden capital account for the difference between the accounting and opportunity-cost measures of a firm's net worth. Increases in hidden capital in crisis periods indicate a greater reliance on government-contributed safety-net capital. The increase in hidden capital is more pronounced for large banks. Too-Big-To-Fail policies may explain why large banks are the beneficiaries of government-contributed capital.en_US
dc.description.provenanceMade available in DSpace on 2016-02-08T10:05:50Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2009en
dc.identifier.doi10.1007/s10693-009-0064-9en_US
dc.identifier.issn0920-8550
dc.identifier.urihttp://hdl.handle.net/11693/22867
dc.language.isoEnglishen_US
dc.publisherSpringer New Yorken_US
dc.relation.isversionofhttp://dx.doi.org/10.1007/s10693-009-0064-9en_US
dc.source.titleJournal of Financial Services Researchen_US
dc.subjectFinancial safety neten_US
dc.subjectTransparencyen_US
dc.subjectTurkish financial crisisen_US
dc.titleFinancial transparency and sources of hidden capital in Turkish banksen_US
dc.typeArticleen_US

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