Akademik Veri Yönetim Sistemi
Savings and Development, cilt.27, sa.4, ss.341-359, 2003 (Scopus)
The present paper aims to determine whether the Turkish commercial banks' holdings of items which represent major lending, investing and fund seeking activities can be explained within the confines of theoretically specified economic variables. For this purpose, the stock adjustment model is adopted and tested against quarterly data which are generated by the banks during a time period which has witnessed the provision of full deposit insurance and instable economic, political and social conditions. The regression results obtained by this investigation, as a whole do not provide, on statistical grounds, any affirmative answer to the research questions regarding to the bank holdings of lending, investing and funds seeking activities. Such results may possibly stem from the following sources: i) the rigid structure of the adopted model in the form of a single demand equation, ii) the nature of data utilized, and iii) the possible existence of high serial correlation due to the presence of the lagged dependent variable among the explanatory variables. Despite its short-comings, this study can be a point of reference for the future investigations on commercial bank behavior in developing economies.