The Effect Of Inflation On Measures Of Profitability In Turkish Banking
Küçük Resim Yok
Tarih
2002
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Yapı Kredi Bankası
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper aims to demonstrate the distorting effects of inflation on the financial statements of Turkish banks, and the corresponding effects on measures of profitability performance. To this end, Current Purchasing Power Accounting with a variant of the Brazilian method (CPPBM) is employed. It is observed that after inflation adjustment (via CPPBM) the level of profitability in Turkish banking over the period 1989-1995,is lower (overall) with respect to profitability measures calculated using historical cost based financial statements. In addition to this, a significant change in ranking by bank group, according to profitability performance is noted. This clearly reflects the importance of considering the potential distorting effects of inflation on the financial statements of Turkish banks.
Açıklama
Anahtar Kelimeler
Bankacılık_Türkiye, Bilançolar (Mali rapor), Enflasyon., Banking_Turkey, Financial statements, Inflation.
Kaynak
Yapı Kredi Economic Review
