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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Which firms engage small, foreign, or state banks? And who goes Islamic? Evidence from Turkey
Organization Unit
Authors
  • Steven Ongena
  • İlkay Şendeniz-Yüncü
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of Banking and Finance
Publisher Elsevier
Geographical Reach international
ISSN 0378-4266
Volume 35
Number 12
Page Range 3213 - 3224
Date 2011
Abstract Text We study a representative dataset from Turkey that identifies firm–bank connections. Banks in Turkey differ not only in size and nationality, but also in ownership and orientation (non-Islamic versus Islamic)-resulting in at least six distinct bank types. We estimate a multinomial logit of the choice by the firm of bank type. We document a strong correspondence between bank type and firm characteristics that is not always the same as has been documented so far for US datasets. For example, small firms engage large rather than small banks. Young, large, multiple-bank, and industry-diversified firms, that are located in or close to Istanbul, team up with foreign banks. Islamic banks mainly deal with young, multiple-bank, industry-focused and transparent firms.
Free access at Official URL
Official URL http://www.sciencedirect.com/science/article/pii/S0378426611001622
Digital Object Identifier 10.1016/j.jbankfin.2011.05.001
Other Identification Number merlin-id:11774
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