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Bankacılık ve Finans Bölümü

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Browsing Bankacılık ve Finans Bölümü by Subject "Conventional Banks"

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    Citation Count: Pirgaip, Burak; Hepsen, Ali, "Loan-to-Value Policy: Evidence From Turkish Dual Banking System", International Journal of Islamic and Middle Eastern Finance and Management, 11, No. 4, pp. 631-649, (2018).
    Loan-to-Value Policy: Evidence From Turkish Dual Banking System
    (Emerald Group Publishing LTD, 2018) Pirgaip, Burak; Hepşen, Ali; 252136
    Purpose-This paper aims to answer how effective the loan-to-value (LTV) regulation has been since 2011 for conventional and Islamic (participation) banks in Turkey in terms of curbing mortgage loan growth and delinquency[1]. Design/methodology/approach-The authors first use unit root tests and tests of difference in loan and property price data in pre-LTV and post-LTV period. Second, the authors follow Chow test and ordinary least squares regression analyses to test for a structural break when sensitivity of mortgage loan and delinquency growth changes to property price changes considered. Findings-The authors find that two periods are statistically different, while the significance level is lower for Islamic banks. Moreover, loan growth has become less responsive to property price increases; delinquency sensitivity to property price changes has significantly increased in the post-LTV period for conventional banks, while this is not the case for Islamic (participation) banks. Originality/value-This paper not only increases empirical evidence regarding the effectiveness of LTV ratio policy but also fills the gap in the literature by providing a comparison between conventional banks and Islamic (participation) banks.