Browsing by Author "Kocturk O.M."

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    The use of agricultural loan: An analysis of farmers' bank selection decisions in Manisa, Turkey
    (WFL Publisher Ltd., 2013) Kocturk O.M.; Tepeci M.; Duramaz S.; Yatbaz A.
    Agricultural sector is developing in Turkey, and the funding of farmers is mostly actualised by external resources such as loans. Since the establishment of the Republic of Turkey, Ziraat Bank (a state-owned bank) has offered financing to farmers, but today private banks are also financing the farmers and providing loans to them. The purpose of this study was (1) to investigate the bank (private versus public) selection factors that influence farmers' decisions on agricultural loan uses, (2) to explore whether farmers value domestic capital banks over foreign capital banks, and (3) to designate the significance of Islamic banking practices for farmers. A survey was conducted on 103 farmers by visiting farms and cooperatives in Manisa. In addition to demographic variables, the survey instrument included 28 items followed by a one-to-five Likert type scale intended to reveal bank selection factors. These factors were reliability, service quality, loan conditions, loan costs, accessibility and individual credibility. The analyses indicated that reliability and accessibility of the banks influenced farmers' bank selections. Farmers who preferred private sector banks for agricultural loan uses perceived higher levels of reliability and accessibility than did farmers who preferred public banks. Farmers perceived higher levels of reliability, service quality, positive loan conditions and lower loan costs for domestic capital banks than they did for foreign capital banks. Farmers who did not value Islamic banking practices perceived lower levels of service quality and reliability with Islamic banking. The study findings suggest that banks should invest more on reliability and accessibility factors to attract and retain their customers. Foreign capital banks could lower their loan costs and improve loan conditions, reliability and service quality to convince farmers to use their banking services. Islamic banks should improve their service quality and increase their reliability on the customers' side.
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    The effect of real exchange rates and their volatilities on the selected agricultural commodity exports: A case study on Turkey, 1971-2010
    (Agricultural Economics, 2013) Yanikkaya H.; Kaya H.; Kocturk O.M.
    This study investigates the effect of the exchange rate volatility and the real exchange rate on the bilateral agricultural exports flows of Turkey to 46 countries. A panel data set, which contains 46 cross-sections and 1840 observations, is used for exports of the selected agricultural commodities to countries from 1971 to 2010. Our empirical results based on a gravity equation show that while the exchange rate volatility does not exert a significant effect on the Turkish agricultural commodity exports, the real exchange rate has a statistically significant effect on the agricultural commodity export flows. Regardless of the region chosen, raisins and tobacco exports are very much sensitive to the real exchange rates. It means that any depreciation in the Turkish Lira leads to higher exports for these commodities. We have also some interesting results on other commodities. Exports of dried figs show no sensitivity to the exchange rate or its volatilities, except for the EU countries. For the full sample, exports of citrus, grape and hazelnuts increases as the TL depreciates. The sensitivity of hazelnut to the real exchange rates varies among regions.