Testing Convergence of Return on Assets : Empirical Evidence from the Turkish Banking Sector

Abstract

This paper investigates whether there is a convergence of profit rates in the Turkish banking sector for the period 2003:Q4-2014:Q3 and provides empirical evidence from the largest ten banks in the sector by employing the approach of Nahar and Inder (2002). The empirical evidence reveals that only two banks’ profits converge to the average. Therefore, the… (More)

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