Journal of Financial Economics and Banking 2020-12-26T23:46:11+03:00 Sel DIBOOGLU Open Journal Systems <p> The Journal of Financial Economics and Banking (JOFEB) is an open source journal aiming to create a vigorous platform for researchers and practitioners in all major research fields in financial economics and banking to address the implications of current developments and studies in the field.</p> <p> The Journal of Financial Economics and Banking (JOFEB) will publish theoretical and empirical research papers on financial economics and banking from multidisciplinary (economics, finance, econometrics, marketing, and management) and multinational geographic perspectives.</p> <p>You are welcome to sent your papers! <a href=""><strong>Make a submission</strong></a></p> <p> </p> Editor's Note 2020-12-26T23:46:11+03:00 Sel DIBOOGLU <p>The aim of the JOFEB is to provide an outlet for research in financial markets and financial institutions, especially banking. The Journal’s objective is to be a forum where scholars publish theoretical and empirical research papers encompassing all research fields in finance and banking.</p> <p>We particularly are interested in pushing the knowledge frontier in some emerging research themes that include financial regulation and its effectiveness post the Global Financial Crisis, Systemic/Counterparty Risk, Financial Technology (virtual currencies, digital wallets, value transfer networks, venture capital allocation mechanisms, crowd funding-peer to peer transfers, biometric technology/authentication), electronic personal financial management tools, data analytics, and RegTech (using new technologies to enhance regulation). In addition, we are interested in policy-oriented research in domestic and international financial institutions and markets, including but not limited to financial intermediation; financial markets, flow of funds, interest rate determination, market efficiency, financial intermediaries, bond markets, equity markets, mortgage markets, and foreign exchange markets.</p> <p>Papers studying banking and finance using different methodologies and using interdisciplinary studies and those applied to emerging markets are also welcome.</p> <p>Sel DIBOOGLU</p> <p>Chief Editor</p> <p>December 2020</p> <p>Department of Finance and Economics, University of Sharjah</p> <p>Phone: +971 6 505 3580 — Fax: +971 6 558 5101</p> <p>P.O. Box: 27272, Sharjah, United Arab Emirates</p> <p>Web:</p> <p></p> 2020-12-26T00:00:00+03:00 Copyright (c) 2020 Journal of Financial Economics and Banking Determination of Income and Expense Items That Have a High Impact on The Profitability of Turkish Banks 2020-12-04T16:40:08+03:00 Serhat Yüksel Hasan Dinçer Hüsne Karakuş <p>Banks are one of the important actors of the financial system as they offer a variety of products and services depending on their field of activity. They collect funds from savers and transfers them to the segments in need. In this way, the banking sector ensures efficient use of the resources of the savers while fulfilling the needs of those with a fund deficit. Banks also enable the circulation of savings in domestic and foreign markets and contribute to trade. They increase the welfare of society through the efficient use of resources and meet the needs of individuals. Therefore, the existence of banks is vital for the economies. The purpose of this study is to identify income and expense items that have a high impact on determining the profitability of banks. Depending on this purpose, the income and expense items of Turkish banks are included in the scope of analysis. This data has been tested by Engle-Granger cointegration and Toda Yamamoto causality methods. According to the results of the analysis, the top priority item in determining the profitability of banks is the interests paid for the loans they used. Also, it has been identified that there is a long-term relationship between the interests gained from securities, interest on deposits, and net profit. Considering all these results, Turkish banks should first consider the interest rates they pay for the loans they use in order to ensure their profitability. Banks are required to ensure careful liquidity control and minimize the risks that may cause credit needs.</p> 2020-12-26T00:00:00+03:00 Copyright (c) 2020 Journal of Financial Economics and Banking The Effect of Syndication and Securitization Loans on Financial Performance of State-Owned Banks: The Case of Turkey 2020-11-29T14:44:46+03:00 Ahmet ŞİT Seyit Ali MİÇOOĞULLARI <p>The purpose of this study was to investigate the impact of received syndicated and securitization of loans by state-owned banks in Turkey's on their financial performance. In this study, the banking sector was limited and only state-owned banking sector was examined. The data of banking sector and syndication loans data are taken from the official website of the BRSA. In this study, Johansen Cointegration Test and VEC Granger Causality Tests were used as methods. As a result of the study;</p> <p>it was seen that there was a cointegrated relationship between syndication/ securitization loans and the financial performance of the bank in the long term. It is concluded that in the short term syndication and securitization loans do not cause the financial performance of the bank and that there is a causal relationship in the long term.</p> 2020-12-26T00:00:00+03:00 Copyright (c) 2020 Journal of Financial Economics and Banking Behavioral Bias of Individual Investors: Evidence from Borsa İstanbul 2020-11-29T14:49:05+03:00 Orhan DEĞER Ş. Gül REİS <p>Traditional finance theories regard investors as rationalist people. However, behavioral finance argues that individual<br />investors do not make rational financial decisions and that they are affected by their psychologies when they make<br />financial decisions. The main purpose of this study is to analyze investors of Borsa Istanbul that live in Gaziantep<br />within the concept of behavioral finance. In accordance with this purpose, the survey has been conducted on the<br />investors that live in the city, and the behaviors exhibited by investors while making investment decisions have<br />been revealed by the help of t-test, ANOVA, and Tukey test methods. The results of these analyses reveal that<br />individual investors living in Gaziantep are not much rational when they make investment decisions and that they<br />are affected by psychological factors.</p> 2020-12-26T00:00:00+03:00 Copyright (c) 2020 Journal of Financial Economics and Banking The Contribution of Nuclear Energy Investment on Sustainable Financial and Economic Development 2020-12-04T16:31:39+03:00 Hasan Dinçer Serhat Yüksel Çağatay Çağlayan Gülsüm Sena Uluer <p>In this study, the effects of nuclear energy investments on the sustainable financial and economic development of countries are examined. In order to achieve this goal, 15 countries with the highest nuclear energy use are included in the study. In addition, annual data for these countries between 1990 and 2015 is considered. In order to determine the direction and strength of the relationship between these variables, a model has been created using the VAR method. As a result, no significant relationship has been identified between nuclear energy use and economic growth. On the other hand, it has been determined that the use of nuclear energy contributes to the financial development of countries. Taking these results into account, it is important that countries support nuclear energy investments. In this framework, supports such as tax cuts and low-interest loans may attract the attention of nuclear energy investors. On the other side, it would be appropriate for countries that do not yet have nuclear power plants to prioritize these investments. This will also support the sustainable development of countries.</p> 2020-12-26T00:00:00+03:00 Copyright (c) 2020 Journal of Financial Economics and Banking Do Education Expenditures Really Contribute to TFP? Evidence from Turkey 2020-12-14T21:35:02+03:00 Mehmet Akif Destek Sercan Aydın <p>This paper aims to examine the impact of education expenditures on total factor productivity in Turkey. For this purpose, the relationship between education expenditures, capital, trade openness, and total factor productivity is investigated with the ARDL bound test procedure for the period from 1970 to 2017. Before observing the short and long-run parameters, the stationary properties of variables are checked with a unit root test that allows structural break, and obtained break data is used as a dummy variable in the empirical model. Our results show that education expenditures and capital accumulation contribute to total factor productivity in the short-run. In the long-run, the effect of education expenditures has become statistically insignificant. However, capital accumulation positively affects productivity in the long-run.</p> 2020-12-26T00:00:00+03:00 Copyright (c) 2020 Journal of Financial Economics and Banking