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Journals / İ M K B Dergisi / 2010 / Cilt: 12 - Sayı: 46

Aracı kurumlar neden yatırım bankası olmadı?: Aracı kurumlar sektörünün yakın geleceği için bir değerlendirme

Çoşkun YENER
Pages
15–47
Publication Date
2022-10-18
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It is concluded that less developed economic and financial infrastructure, cash outflow to gold and real estate markets and some intra-industry conditions are the essential elements for the less development of the sector.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The initiation of securities related activities in Turkey goes back to as early as 1980s.
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Key Findings & Data:Although Turkish securities market experienced a boom in early 1990s, the markets were not able to improve the products and services diversity as well as the income range.
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Conclusion & Impact:It is concluded that less developed economic and financial infrastructure, cash outflow to gold and real estate markets and some intra-industry conditions are the essential elements for the less development of the sector.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

The initiation of securities related activities in Turkey goes back to as early as 1980s. The regulation philosophy regarding securities firms is based on the creation of a new investment banking category expected to enhance economic efficiency. Although Turkish securities market experienced a boom in early 1990s, the markets were not able to improve the products and services diversity as well as the income range. Specifically, the sector, focusing on brokerage activities, stayed underdeveloped. In this article the author is questioning the reasons why Turkish securities firms have not been able to improve the range of its activities and at least some of the securities firms did not transform to full service investment banks. It is concluded that less developed economic and financial infrastructure, cash outflow to gold and real estate markets and some intra-industry conditions are the essential elements for the less development of the sector. In realistic terms, public policies or private initiatives expecting to change of this picture have decisive limitations at least in the short term.

Özet

Sermaye piyasalarında yaşanan gelişmelerle birlikte 1990'lı yılların başlarına kadar aracı kurumlar sektöründe görülen canlanmanın ardından; sektör finansal aracılık sisteminde etkisini yeterince artıramamış, ürün/hizmet ve gelir çeşitliliği açısından istenen gelişmeyi gösterememiştir. Bu çalışmada aracı kurumların neden finansal sistemin ve reel ekonominin gelişmesine doğrudan ve sürekli katkı sunan tam hizmet yatırım bankalarına dönüşemediği sorusundan hareketle; sektörün gelişememesindeki nedenler incelenmiştir. İnceleme sonucunda; ülkemizdeki ekonomik ve finansal altyapıdaki az gelişmişliğin, fon akımlarında sermaye piyasaları dışına doğru yönelimlerin ve sektöre özgü bazı etkenlerin aracı kurumlar sektörünün az gelişmesinde etkili olduğu ve söz konusu koşulların kısa vadede tersine çevrilmesinin güç göründüğü sonucuna ulaşılmıştır.

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Cite This Article

YENER, Ç. (2022). Aracı kurumlar neden yatırım bankası olmadı?: Aracı kurumlar sektörünün yakın geleceği için bir değerlendirme. İ M K B Dergisi, Cilt: 12 - Sayı: 46, 15–47. https://ajindex.com/articles/546388

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