Özet:

As a result of the crises in the financial sector, many global banks have come to the point of bankruptcy. Some of these were saved by the states, but this recovery process brought a significant burden to the economy and therefore to taxpayers. On the other hand, as the banks that entered the bankruptcy process seriously affected the real sector on the lending side, the cost of the failed banks on the economy reached significant levels. Therefore, especially in the period after the global financial crisis, within the framework of macro-prudential policies in banking, it was tried to prevent the bankruptcy of banks with the measures taken before they came to the point of bankruptcy. In this sense, the cost that will arise in the bankruptcy of banks has gained importance and studies have been carried out in this area. On the other hand, besides calculating the analysis cost, it is considered important to determine the factors of this cost. Because the identification of the determinants of the resolution cost is of great importance in determining the macro and micro precautionary policy measures that the authorities will develop to reduce these costs. In this context, in our previous study (Ateş & Sayılgan, 2021), the resolution cost of the Turkish banking sector between 2004 and 2019 was calculated using the contingent claim analysis method within the scope of the Merton Model. In this study, it is aimed to reveal the determinants of the analysis cost calculated in the banking sector, as a continuation of the previous study, with a simple and ordinary least square regression model with fixed and random effects for the same period. The empirical results of the study show that, as bank-based data, profitability and capital adequacy have a significant effect on resolution costs, and that the expected resolution costs, in other words, capital losses are lower in case of any crisis and bankruptcy risk for banks with high profitability and strong capital structure.

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