Efficiency and productivity of Turkish securities firms: 2011-2015

Abstract

Employing a Data Envelopment Analysis (DEA) approach, we investigate the technological progress, efficiency, and productivity of the Turkish securities firms between 2010 and 2015. After measuring the performance of these firms with DEA analysis, we combine the efficiency scores with contingency factors (ownership, size and bank affiliation) in a panel regression analysis in order to determine the effects. Our results indicate that the securities industry in general is less efficient than the existing technology allows. The relative productivity of the Turkish securities industry in general improved. Foreign acquisition has positive significant contribution to the efficiency of securities firms. Smaller firms, due to their inability to respond to technological innovation, experienced especially large decreases in both efficiency and productivity.

Enhancing operational efficiency in Vietnamese securities companies: Lessons from global practices and strategic recommendations

“…These results imply that increasing the capital size and involving strategic shareholders could boost income and profitability for securities companies. Tas and Cevikcan (2017) utilized Data Envelopment Analysis (DEA) and panel data regression to evaluate technological advancement, efficiency, and productivity of securities firms in Turkey from 2010 to 2015. The outcomes indicated that the securities industry, in general, is less efficient compared to available technology.…”