THE RELATION BETWEEN BOND RETURNS, BIST-100 RETURNS AND BANK PROFITABILITY

Authors : Fatih KAYHAN

Pages : 1-17

Doi:10.57085/ufebud.1239459

View : 106 | Download : 98

Publication Date : 2023-06-30

Article Type : Research Paper

Abstract :The purpose of this study is to analyze the impact of bond return index insert ignore into journalissuearticles values(proxy for market interest rate); as well as BIST-100 insert ignore into journalissuearticles values(proxy for economic activity); upon bank profitability. The scope of this paper is Turkey. Data covers quarterly period between 2011 and 2021, data structure is panel data. Panel Dynamic Ordinary Least Squares insert ignore into journalissuearticles values(DOLS); is used in econometric analysis conducted in this study. ROA ratio of commercial bank, participation banks insert ignore into journalissuearticles values(non-interest banking industry); and investment & development banks are used as dependent variable; on the other hand, all-bond return index insert ignore into journalissuearticles values(as a reference for bond market interest rates); and BIST-100 return index are used as explanatory variables. Finding of the analysis indicate that the bond yield index insert ignore into journalissuearticles values(BOND); and the stock return index insert ignore into journalissuearticles values(BIST100); have a positive and statistically significant impact on the return on assets insert ignore into journalissuearticles values(ROA); of banks.
Keywords : BONO PİYASASI, HİSSE SENEDİ PİYASASI, BANKA KARLILIĞI