HUMAN CAPITAL AND PROFITABILITY: CASE of TURKISH BANKING SECTOR

Hüseyin Nazmi Kartal Demirgüneş; Haluk Bengü; Elif Karakaş

Makale detayları

HUMAN CAPITAL AND PROFITABILITY: CASE of TURKISH BANKING SECTOR

Yazarlar:

Hüseyin Nazmi Kartal Demirgüneş | Haluk Bengü | Elif Karakaş

Yayıncı:

Nigde Omer Halisdemir University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.17 Issue 4, pp.1073-1088

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001329314

pISSN:

2564-6931

Anahtar kelimeler:

Özet:

 This study aims to examine the effect of human capital on profitability of Turkish banking sector by a panel data covering 2009.q1-2022.q4. Throughout this aim, a research model based on a dependent variable as return on equity is set up. The independent variable to be focused is the Human Capital Efficiency Coefficient -mostly considered as the most significant sub-coefficient of the Value-Added Intellectual Coefficient Methodology developed by Ante Pulic 2004- to measure intellectual capital efficiency. Besides, three control variables are included in the model to proxy balance sheet structure, assets quality and liquidity. Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS and Augmented Dickey Fuller ADF Fisher panel unit root tests, and Pedroni 1999 panel co-integration test are conducted in the econometric analyses to test the stationarity and co-integration among the series. Long term co-integration coefficients are estimated by Fully Modified Ordinary Least Squares FMOLS methodology proposed by Pedroni 2000. The empirical findings indicate the existence of a statistically significant and positive relationship between human capital and profitability; and statistically significant and negative relationships among human capital and assets quality, and human capital and liquidity. Another finding is that there exists no statistically significant relationship between human capital and balance sheet structure.Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS and Augmented Dickey Fuller ADF Fisher panel unit root tests, and Pedroni 1999 panel co-integration test are conducted in the econometric analyses to test the stationarity and co-integration among the series. Long term co-integration coefficients are estimated by Fully Modified Ordinary Least Squares FMOLS methodology proposed by Pedroni 2000. The empirical findings indicate the existence of a statistically significant and positive relationship between human capital and profitability; and statistically significant and negative relationships among human capital and assets quality, and human capital and liquidity. Another finding is that there exists no statistically significant relationship between human capital and balance sheet structure.

 This study aims to examine the effect of human capital on profitability of Turkish banking sector by a panel data covering 2009.q1-2022.q4. Throughout this aim, a research model based on a dependent variable as return on equity is set up. The independent variable to be focused is the Human Capital Efficiency Coefficient -mostly considered as the most significant sub-coefficient of the Value-Added Intellectual Coefficient Methodology developed by Ante Pulic 2004- to measure intellectual capital efficiency. Besides, three control variables are included in the model to proxy balance sheet structure, assets quality and liquidity. Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS and Augmented Dickey Fuller ADF Fisher panel unit root tests, and Pedroni 1999 panel co-integration test are conducted in the econometric analyses to test the stationarity and co-integration among the series. Long term co-integration coefficients are estimated by Fully Modified Ordinary Least Squares FMOLS methodology proposed by Pedroni 2000. The empirical findings indicate the existence of a statistically significant and positive relationship between human capital and profitability; and statistically significant and negative relationships among human capital and assets quality, and human capital and liquidity. Another finding is that there exists no statistically significant relationship between human capital and balance sheet structure.Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS and Augmented Dickey Fuller ADF Fisher panel unit root tests, and Pedroni 1999 panel co-integration test are conducted in the econometric analyses to test the stationarity and co-integration among the series. Long term co-integration coefficients are estimated by Fully Modified Ordinary Least Squares FMOLS methodology proposed by Pedroni 2000. The empirical findings indicate the existence of a statistically significant and positive relationship between human capital and profitability; and statistically significant and negative relationships among human capital and assets quality, and human capital and liquidity. Another finding is that there exists no statistically significant relationship between human capital and balance sheet structure.

 This study aims to examine the effect of human capital on profitability of Turkish banking sector by a panel data covering 2009.q1-2022.q4. Throughout this aim, a research model based on a dependent variable as return on equity is set up. The independent variable to be focused is the Human Capital Efficiency Coefficient -mostly considered as the most significant sub-coefficient of the Value-Added Intellectual Coefficient Methodology developed by Ante Pulic 2004- to measure intellectual capital efficiency. Besides, three control variables are included in the model to proxy balance sheet structure, assets quality and liquidity. Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS and Augmented Dickey Fuller ADF Fisher panel unit root tests, and Pedroni 1999 panel co-integration test are conducted in the econometric analyses to test the stationarity and co-integration among the series. Long term co-integration coefficients are estimated by Fully Modified Ordinary Least Squares FMOLS methodology proposed by Pedroni 2000. The empirical findings indicate the existence of a statistically significant and positive relationship between human capital and profitability; and statistically significant and negative relationships among human capital and assets quality, and human capital and liquidity. Another finding is that there exists no statistically significant relationship between human capital and balance sheet structure.Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS and Augmented Dickey Fuller ADF Fisher panel unit root tests, and Pedroni 1999 panel co-integration test are conducted in the econometric analyses to test the stationarity and co-integration among the series. Long term co-integration coefficients are estimated by Fully Modified Ordinary Least Squares FMOLS methodology proposed by Pedroni 2000. The empirical findings indicate the existence of a statistically significant and positive relationship between human capital and profitability; and statistically significant and negative relationships among human capital and assets quality, and human capital and liquidity. Another finding is that there exists no statistically significant relationship between human capital and balance sheet structure.

 Bu çalışmanın amacı; 2009.q1-2022.q4 dönemini kapsayan panel veri seti kullanılarak, insan sermayesinin Türk bankacılık sektörünün kârlılığı üzerindeki olası etkisinin irdelenmesidir. Bu amaç doğrultusunda, kârlılığın bağımlı değişken olarak özsermaye getirisi ile test edildiği bir araştırma modeli oluşturulmuştur. Modelin temel bağımsız değişkeni Ante Pulic 2004 tarafından geliştirilen ve entelektüel sermaye etkinliğini ölçmede kullanılan Entelektüel Katma Değer Katsayısı Intellectual Value Added Coefficient-VAIC Yönteminin en önemli alt bileşeni olan İnsan Sermayesi Etkinliği Human Capital Efficiency-HCE Katsayısıdır. Ayrıca, araştırma modeline kontrol değişkenleri olarak ilgili bankanın bilanço yapısı, aktif kalitesi ve likidite değişkenleri dâhil edilmiştir. Çalışmanın ekonometrik metodolojisi kapsamında, modele dâhil edilen değişkenlerin durağanlık ve eş-bütünleşme düzeylerinin tespit edilmesinde Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS ve Augmented Dickey Fuller ADF Fisher panel birim kök testleri ile Pedroni 1999 panel eş-bütünleşme testi kullanılmaktadır. Uzun dönem eş- bütünleşme katsayıları ise Pedroni 2000 tarafından önerilen tam Modifiye Edilmiş En Küçük Kareler Fully Modified Ordinary Least Squares-FMOLS yöntemi ile tespit edilmektedir. Elde edilen ampirik bulgular, insan sermayesi etkinliğinin kârlılık üzerindeki etkisinin pozitif; buna karşın aktif kalitesinin ve likiditenin finansal performans üzerindeki etkilerinin negatif yönlü olduğunu göstermektedir. Elde edilen bir diğer ampirik bulgu ise kontrol değişkenlerinden olan bilanço yapısı değişkeninin, kârlılık üzerinde istatistiksel olarak anlamlı bir etkisinin bulunmadığıdır.Çalışmanın ekonometrik metodolojisi kapsamında, modele dâhil edilen değişkenlerin durağanlık ve eş-bütünleşme düzeylerinin tespit edilmesinde Levin-Lin-Chu LLC, Im-Pesaran-Shin IPS ve Augmented Dickey Fuller ADF Fisher panel birim kök testleri ile Pedroni 1999 panel eş-bütünleşme testi kullanılmaktadır. Uzun dönem eş-bütünleşme katsayıları ise Pedroni 2000 tarafından önerilen tam Modifiye Edilmiş En Küçük Kareler Fully Modified Ordinary Least Squares-FMOLS yöntemi ile tespit edilmektedir. Elde edilen ampirik bulgular, insan sermayesi etkinliğinin kârlılık üzerindeki etkisinin pozitif; buna karşın aktif kalitesinin ve likiditenin finansal performans üzerindeki etkilerinin negatif yönlü olduğunu göstermektedir. Elde edilen bir diğer ampirik bulgu ise kontrol değişkenlerinden olan bilanço yapısı değişkeninin, kârlılık üzerinde istatistiksel olarak anlamlı bir etkisinin bulunmadığıdır.

Makale detayları

HUMAN CAPITAL AND PROFITABILITY: CASE of TURKISH BANKING SECTOR

Yazarlar:

Hüseyin Nazmi Kartal Demirgüneş | Haluk Bengü | Elif Karakaş

Yayıncı:

Nigde Omer Halisdemir University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.17 Issue 4, pp.1073-1088

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001329314

pISSN:

2564-6931

Human Capital

Profitability

Balance Sheet Structure

Aset Quality

Liquidityİnsan Sermayesi

Kârlılık

Bilanço Yapısı

Varlık Kalitesi

Likidite

Sayı

Makale detayları

Yazarlar: Hüseyin Nazmi Kartal Demirgüneş | Haluk Bengü | Elif Karakaş

Yayıncı: Nigde Omer Halisdemir University

Ana Başlıklar: Finans ve Yatırım (Diğer)

Dergi: Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.17 Issue 4, pp.1073-1088

Belge Tipi: Makale

Yayın Tarihi: 10/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001329314

pISSN: 2564-6931

Sayı

Yazarlar:

Hüseyin Nazmi Kartal Demirgüneş | Haluk Bengü | Elif Karakaş

Yayıncı:

Nigde Omer Halisdemir University

Ana Başlıklar:

Finans ve Yatırım (Diğer)

Dergi:

Ömer Halisdemir Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.17 Issue 4, pp.1073-1088

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001329314

pISSN:

2564-6931