The relationship between banks’ credit quality, credit growth and social capital: evidence from Turkish banking sector

References

• Adam, F., & Roncevic, B. (2003). Social capital: Recent debates and research trends. Social Science Information, 42(2), 155–183. https://doi.org/10.1177/0539018403042002001
   Web of Science ®Google Scholar
• Akar, T., & Ay, A. (2018). The effect of social capital and innovation on economic growth. Journal of Economy Culture and Society, 58, 105–126. https://doi.org/10.26650/JECS421152
   Google Scholar
• Akçomak, Sİ, & Weel, B. (2009). Social capital, innovation and growth: Evidence from Europe. European Economic Review, 53(5), 544–567. https://doi.org/10.1016/j.euroecorev.2008.10.001
   Web of Science ®Google Scholar
• Ayaydın, H., Pilatin, A., & Barut, A. (2021). Takipteki kredilerin bankaya özgü, finansal ve makroekonomik belirleyicileri: Türkiye örnegi (Macroeconomic, financial and bank-specific determinants of non-performing loans: the case of Turkey). International Journal of Economic and Administrative Studies, 33(4), 68–82. https://doi.org/10.18092/ulikidince.1013685
   Google Scholar
• Baker, W. (1990). Market networks and corporate behaviour. American Journal of Sociology, 96(3), 589–625. https://doi.org/10.1086/229573
   Web of Science ®Google Scholar
• Baltagi, B. H. (2013). Econometric analysis of panel data. 5.ed. John Wiley & Sons Ltd.
   Google Scholar
• Bayramoğlu, Z., & Bozdemir, M. (2020). The effect of social capital formation on sustainable development in the rural areas. Turkish Journal of Agricultural Engineering Research, 1(1), 179–189.
   Google Scholar
• Beck, N., & Katz, J. N. (1995). What to do (And not to do) with time-series cross-section data. American Political Science Review. Panel Data Econometrics, 89(3), 634–647. https://doi.org/10.2307/2082979
   Web of Science ®Google Scholar
• Beck, T., & Hesse, H. (2006). Bank efficiency, ownership and market structure why are interest spreads so high in Uganda?. World Bank Policy Research Working Paper, 4027.
   Google Scholar
• Bjørnskov, C. (2006). How does social capital affect economic growth? Department of economics, Working Paper 02-06, Aarhus School of Business.
   Google Scholar
• Bourdieu, P. (1986). The forms of capital. In J. G. Richardson (Ed.), Handbook of Theory and research for the Sociology of education (pp. 241–258). Greenwood Press.
   Google Scholar
• Buonanno, P., Montolio, D., & Vanin, P. (2009). Does social capital reduce crime? Journal of Law Econ, 52(1), 145–170. https://doi.org/10.1086/595698
   Web of Science ®Google Scholar
• Cohen, D., & Prusak, L. (2001). In good company, how social capital makes organizations work. Harvard Business School Press.
   Google Scholar
• Coleman, J. S. (1988). Social capital in the creation of human capital. American Journal of Sociology, 94, 95–120. https://doi.org/10.1086/228943
   Web of Science ®Google Scholar
• Coleman, J. S. (1990). Foundations of social theory. Mass.: Harvard University Press.
   Google Scholar
• Coleman, J. S. (1994). Social capital, human capital, and investment in youth. In A. C. Petersen & J. T. Mortimer (Eds.), Youth unemployment and society (pp. 34–50). Cambridge University Press.
   Google Scholar
• Crossland, C., & Hambrick, D. C. (2011). Differences in managerial discretion across countries: How nation-level institutions affect the degree to which CEOs matter. Strategic Management Journal, 32(8), 797–819. https://doi.org/10.1002/smj.913
   Web of Science ®Google Scholar
• Davaadorj, Z. (2019). Does social capital affect dividend policy? Journal of Behavioral and Experimental Finance, 30, 116–132. https://doi.org/10.1016/j.jbef.2019.02.010
   Web of Science ®Google Scholar
• Demirgüç-Kunt, A., Laeven, L., & Levine, R. (2004). Regulations, market structure, institutions and the cost of financial intermediation. Journal of Money, Credit and Banking, 36(3), 593–622. https://doi.org/10.1353/mcb.2004.0045
   Web of Science ®Google Scholar
• Dincer, O., & Uslaner, E. (2010). Trust and growth. Public Choice, 142(1), 59–67. https://doi.org/10.1007/s11127-009-9473-4
   Web of Science ®Google Scholar
• Dincer, O. C., & Uslaner, E. M. (2007). Trust and Growth. FEEM Working Paper No. 73. Available at SSRN: https://ssrn.com/abstract = 999922
   Google Scholar
• Dolfsma, W., & Dannreuther, C. (2003). Subjects and boundaries: Contesting social capital-based policies. Journal of Economic Issues, 37(2), 405–413. https://doi.org/10.1080/00213624.2003.11506588
   Web of Science ®Google Scholar
• Dominicis, L., Raymond, J. G., Florax, M., & Henri, L. F. R. d. G. (2013). Regional clusters of innovative activity in Europe: Are social capital and geographical proximity Key determinants? Applied Economics, 45(17), 2325–2335. https://doi.org/10.1080/00036846.2012.663474
   Web of Science ®Google Scholar
• Fama, E. F. (1980). Agency problems and the theory of the firm. Journal of Political Economy, 88(2), 288–307. https://doi.org/10.1086/260866
   Web of Science ®Google Scholar
• Field, J. (2008). Social capital. Second colition. Rounlantge Taylor & Francis Group.
   Google Scholar
• Foos, D., Norden, L., & Weber, M. (2010). Loan growth and riskiness of banks. Journal of Banking and Finance, 34(12), 2929–2940. https://doi.org/10.1016/j.jbankfin.2010.06.007
   Web of Science ®Google Scholar
• Forte, A., Peiró-Palomino, J., & Tortosa-Ausina, E. (2015). Does social capital matter for European regional growth? European Economic Review, 77, 47–64. https://doi.org/10.1016/j.euroecorev.2015.03.013
   Web of Science ®Google Scholar
• Fukuyama, F. (1995). Trust: The social virtues and the creation of prosperity. Free Press.
   Google Scholar
• Gönç Şavran, T. (2018). The relation between social capital and health: What do empirical studies show? Journal of Economy Culture and Society, 57, 53–91. https://doi.org/10.26650/JECS413503
   Google Scholar
• Greene, W. H. (2003). Econometric analysis, 5.ed. International Edition, Pearson Education Inc.
   Google Scholar
• Grootaert, C. (1999). Social capital, household welfare and poverty in Indonesia. World Bank Policy Research Working Paper. 2148, 1-79.
   Google Scholar
• Grootaert, C., Narayan, D., Jones, V. N., & Woolcock, M. (2004). Measuring social capital an integrated questionnaire. Worldbank working paper, No. 18.
   Google Scholar
• Guiso, L., Sapienza, P., & Zingales, L. (2000). The Role of social capital in financial development. NBER Working Paper No. 7563.
   Google Scholar
• Guiso, L., Sapienza, P., & Zingales, L. (2004). The role of social capital in financial development. The American Economic Review, 94(3), 526–556. https://doi.org/10.1257/0002828041464498
   Web of Science ®Google Scholar
• Guiso, L., Sapienza, P., & Zingales, L. (2008). Trusting the stock market. Journal of Finance, 63(6), 2557–2600. https://doi.org/10.1111/j.1540-6261.2008.01408.x
   Web of Science ®Google Scholar
• Hall, S. G., & Ahmad, M. (2013). Can trust explain social capital effect on property rights and growth?”. Procedia Economics and Finance, 7, 55–64. https://doi.org/10.1016/S2212-5671(13)00218-9
   Google Scholar
• Halman, L., & Luijkx, R. (2006). Social capital in contemporary Europe: Evidence from the European social survey. Portuguese Journal of Social Science, 5(1), 65–90. https://doi.org/10.1386/pjss.5.1.65/1
   Google Scholar
• Hasan, I., Hoi, C. K., Wu, Q., & Zhang, H. (2017). Social capital and debt contracting: Evidence from bank loans and public bonds. Journal of Financial and Quantitative Analysis, 53(3), 1017–1047. https://doi.org/10.1017/S0022109017000205
   Google Scholar
• Hasan, M. M., & Habib, A. (2019). Social capital and trade credit. International Review of Financial Analysis, 61, 158–174. https://doi.org/10.1016/j.irfa.2018.10.002
   Web of Science ®Google Scholar
• Helliwell, J. F. (1996). Economic growth and social capital in Asia. NBER Working Paper 5470, National Bureau of Economic Research.
   Google Scholar
• Helliwell, J. F. (2007). Well-being and social capital: Does suicide pose a puzzle? Social Indicators Research, 81(3), 455–496. https://doi.org/10.1007/s11205-006-0022-y
   Web of Science ®Google Scholar
• Hofstede, G. (2001). Culture's consequences: Comparing values, behaviors, institutions, and organizations across nations. Sage Publications.
   Google Scholar
• Holmstrom, B. (1979). Moral hazard and observability. The Bell Journal of Economics, 10(1), 74–91. https://doi.org/10.2307/3003320
   Google Scholar
• Hossain, M. (2010). Financial reforms and persistently high bank interest spreads in Bangladesh: Pitfalls in institutional development? Journal of Asian Economics, 23(4), 395–408. https://doi.org/10.1016/j.asieco.2011.12.002
   Google Scholar
• Huang, K., & Shang, C. (2019). Leverage, debt maturity, and social capital. Journal of Corporate Finance, 54(C), 22–46. https://doi.org/10.1016/j.jcorpfin.2018.11.001
   Google Scholar
• Iyer, S., Kitson, M., & Toh, B. (2005). Social capital, economic growth and regional development. Regional Studies, 39(8), 1015–1040. https://doi.org/10.1080/00343400500327943
   Web of Science ®Google Scholar
• Jha, A., & Chen, Y. (2015). Audit fees and social capital. Accounting Review, 90(2), 611–639. https://doi.org/10.2308/accr-50878
   Web of Science ®Google Scholar
• Jin, J. Y., Kanagaretnam, K., Liu, Y., & Liu, N. (2019). Banks’ loan growth, loan quality, and social capital. Journal of Behavioral and Experimental Finance, 21, 83–10. https://doi.org/10.1016/j.jbef.2018.11.004
   Web of Science ®Google Scholar
• Jin, J. Y., Kanagaretnam, K., Lobo, G. J., & Mathieu, R. (2017). Social capital and bank stability. Journal of Financial Stability, 32, 99–114. https://doi.org/10.1016/j.jfs.2017.08.001
   Web of Science ®Google Scholar
• Karagül, M., & Akçay, S. (2002). Economic growth and social capital: An empirical evidance. Economics, Business and Finance, 17(198), 82–90. https://doi.org/10.3848/iif.2002.198ek.6516
   Google Scholar
• Kaufmann, W., Hooghiemstra, R., & Feeney, M. K. (2018). Formal institutions, informal institutions, and red tape: A comparative study. Public Admin, 96(2), 386–403. https://doi.org/10.1111/padm.12397
   Web of Science ®Google Scholar
• Kawachi, I., Kim, D., Coutts, A., & Subramanian, S. V. (2004). Reconciling the three accounts of social capital. International Journal of Epidemiology, 33(4), 682–690. https://doi.org/10.1093/ije/dyh177
   PubMed Web of Science ®Google Scholar
• Keeton, W. R. (1999). Does faster loan growth lead to higher loan losses?”. Economic Review, 84(Q II), 57–75.
   Google Scholar
• Kilinc, M., & Neyapti, B. (2012). Bank regulation and supervision and its welfare implications. Economic Modelling, 29(2), 132–141. https://doi.org/10.1016/j.econmod.2011.08.023
   Web of Science ®Google Scholar
• Knack, S. (2003). Groups, growth and trust: Cross-country evidence on the Olson and Putnam hypothesis. Public Choice, 117(3-4), 341–355.
   Web of Science ®Google Scholar
• Knack, S., & Keefer, P. (1997). Does social capital have an economic payoff: A cross-country investigation. Quarterly Journal of Economics, 112(4), 1251–1288. https://doi.org/10.1162/003355300555475
   Web of Science ®Google Scholar
• La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. W. (1997). Trust in large organisations. American Economic Review, 87, 333–338.
   Web of Science ®Google Scholar
• Li, L., Ucar, E., & Yavas, A. (2020). Social capital and mortgage delinquency. The Journal of Real Estate Finance and Economics, https://doi.org/10.1007/s11146-020-09775-4
   Google Scholar
• Li, Y., Wung, X., Westlund, H., & Liu, Y. (2015). Physical capital, human capital and social capital: The changing roles in China’s economic growth. Growth and Change, 46(1), 133–149. https://doi.org/10.1111/grow.12084
   Web of Science ®Google Scholar
• Lin, N. (2001). Social capital: A theory of social structure and action. Cambridge University Press.
   Google Scholar
• Liu, C. C., & Ryan, S. G. (2006). Income smoothing over the business cycle: Changes in banks’ coordinated management of provisions for loan losses and loan charge-offs from the Pre-1990 bust to the 1990s boom. The Accounting Review, 81(2), 421–441. https://doi.org/10.2308/accr.2006.81.2.421
   Web of Science ®Google Scholar
• Mill, J. S. (1848). Principles of political economy. Duke University Press.
   Google Scholar
• Moundigbaye, M., Rea, W. S., & Reed, W. R. (2018). Which panel data estimator should I use? A corrigendum and extension. Economics: Kiel Institute for the World Economy, 12(4), 1–31. https://doi.org/10.5018/economics-ejournal.ja.2018-4
   Google Scholar
• Muringani, J., Fitjar, R. D., & Rodriguez-Pose, A. (2021). Social capital and economic growth in the regions of Europe. Economy and Space, 2(1), 1–23. https://doi.org/10.1177/0308518X211000059
   Google Scholar
• Neira, I., Vászquez, E., & Portela, M. (2009). An empirical analysis of social capital and economic growth in Europe (1980–2000). Social Indicators Research, 92(1), 111–129. https://doi.org/10.1007/s11205-008-9292-x
   Web of Science ®Google Scholar
• Norris, P. (2002). Democratic pheonix: Reinverting political activitism. Cambridge University Press.
   Google Scholar
• North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University Press.
   Google Scholar
• Ostergaard, C., Schindele, I., & Vale, B. (2015). Social capital and the viability of stakeholder-oriented firms: Evidence from savings banks. Forthcoming in Review of Finance, August 12, 2015.
   Google Scholar
• Ostrom, E., & Ahn, T. K. (2001). A social science perspective on social capital: Social capital and collective action. Workshop in political theory and policy analysis. Indiana University.
   Google Scholar
• Parks, R. (1967). Efficient estimation of a system of regression equations when disturbances are both serially and contemporaneously correlated. Journal of the American Statistical Association, 62(318), 500–509. https://doi.org/10.1080/01621459.1967.10482923
   Web of Science ®Google Scholar
• Pejovich, S. (1999). The effects of the interaction of formal and informal institutions on social stability and economic development. Journal of Markets and Morality, 2, 164–181.
   Google Scholar
• Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. University of Cambridge, Faculty of Economics, Cambridge Working Papers in Economics No. 0435.
   Google Scholar
• Pilatin, A., & Ayaydın, H. (2022). Social capital measurement In Turkey: Creating An index By province. Journal of Economy Culture and Society, 65, xx–xx.
   Google Scholar
• Portes, A. (1998). Social capital: Its origins and the aplication in modern sociology. Annual Review of Sociology, 24(1), 1–25. https://doi.org/10.1146/annurev.soc.24.1.1
   Web of Science ®Google Scholar
• Portes, A., & Landolt, P. (1996). The downside of social capital. The American Prospect, 26, 18–23.
   Google Scholar
• Postelnicu, L., & Hermes, N. (2018). The economic value of social capital. International Journal of Social Economics, 45(6), 870–887. https://doi.org/10.1108/IJSE-03-2017-0104
   Web of Science ®Google Scholar
• Przybyła, U. M. (2020). Does social capital matter for total factor productivity? Exploratory Evidence from Poland. Sustainability, 12, 1–25. https://doi.org/10.3390/su12239978
   PubMed Web of Science ®Google Scholar
• Putnam, R. D. (1993). Making democracy work. Civic traditions in modern Italy Princeton. Princeton University Press.
   Google Scholar
• Putnam, R. D. (2007). E pluribus unum: Diversity and community in the twenty-first century. The 2006 johan skytte prize lecture. Scandinavian Political Studies, 30(2), 137–174. https://doi.org/10.1111/j.1467-9477.2007.00176.x
   Web of Science ®Google Scholar
• Rees, R. (1985). The theory of principal and agent. Part I. Bulletin of Economic Research, 37(1), 3–26. https://doi.org/10.1111/j.1467-8586.1985.tb00179.x
   Google Scholar
• Richardson, S. A., Sloan, R. G., Mark, S. T., & Tuna, I. (2005). Accrual reliability, earnings persistence and stock prices. Journal of Account, 39(3), 437–485. https://doi.org/10.1016/j.jacceco.2005.04.005
   Google Scholar
• Rosenfeld, R., Messner, S. F., & Baumer, E. P. (2001). Social capital and homicide. Social Forces, 80(1), 283–310. https://doi.org/10.1353/sof.2001.0086
   Web of Science ®Google Scholar
• Ross, S. A. (1973). The economic theory of agency: The principal's problem. American Economic Review, 63(2), 134–139.
   Web of Science ®Google Scholar
• Roth, F. (2007). Trust and economic growth: Conflicting results between cross-sectional and panel analysis. Ratio Working Paper, No 102.
   Google Scholar
• Rowell, D., & Connelly, L. B. (2012). A history of the term “moral hazard”. The Journal of Risk and Insurance, 79(4), 1051–1075. https://doi.org/10.1111/j.1539-6975.2011.01448.x
   Web of Science ®Google Scholar
• Rupasingha, A., & Goetz, S. J. (2008). US County-level social capital data, 1990–2005.The northeast regional center for rural development. Penn State University, University Park.
   Google Scholar
• Rupasingha, A., Goetz, S. J., & Freshwater, D. (2006). The production of social capital in US counties. Journal of Socio-Economics, 35(1), 83–101. https://doi.org/10.1016/j.socec.2005.11.001
   Google Scholar
• Sabatini, F. (2008). Social capital and the quality of economic development. Kyklos, 61(3), 466–499. https://doi.org/10.1111/j.1467-6435.2008.00413.x
   Web of Science ®Google Scholar
• Smith, A. (1776). (1723-1790) An inquiry into the nature and causes of the wealth of nations. W. Strahan and T. Cadell.
   Google Scholar
• Smith, N. D. L., & Kawachi, I. (2014). State-level social capital and suicide mortality in the 50 U.S. States. Social Science & Medicine, 120, 269–277. https://doi.org/10.1016/j.socscimed.2014.09.007
   PubMed Web of Science ®Google Scholar
• Sobel, J. (2002). Can we trust social capital? Journal of Economic Literature, 40(1), 139–154. https://doi.org/10.1257/jel.40.1.139
   Web of Science ®Google Scholar
• Spence, M. A., & Zeckhauser, R. (1971). Insurance, information and individual action. American Economic Review, 61, 380–387.
   Web of Science ®Google Scholar
• Statman, M. (2007). Local ethics in a global world. Financial Analysts Journal, 32–48. https://doi.org/10.2469/faj.v63.n3.4688
   Google Scholar
• Stiglitz, J. (1987). Principal and agent. The New Palgrave. A Dictionary of Economics, 3, 966–971.
   Google Scholar
• Stulhofer, A., & Rimac, I. (2002). Opportunism, institutions, and moral costs: The socio-cultural dimension of the underground economy in Croatia 1995–1999. Financijska Teorija i Praksa, 26(1), 213–228. https://doi.org/10.3326/ops.14
   Google Scholar
• Tabellini, G. (2010). Culture and institutions: Economic development in the regions of Europe. Journal of the European Economic Association, 8(4), 677–716. https://doi.org/10.1111/j.1542-4774.2010.tb00537.x
   Web of Science ®Google Scholar
• Tatoğlu, F. Y. (2016). Panel data econometrics. Beta Yayınları.
   Google Scholar
• Tüylüoğlu, Ş. (2006). Social capital, economic performance and development: A literature survey. Akdeniz Üniversitesi İİBF Dergisi, 12, 14–60.
   Google Scholar
• Ün, T. (2018). Applied panel data econometrics. Der Yayınları.
   Google Scholar
• Wang, P., Chen, X., Gong, J., & Jacques-Tiura, A. J. (2014). Reliability and validity of the personal social capital scale and personal social capital scale: Two short instruments for Survey studies. Social Indicators Research, 119(2), 45–78. https://doi.org/10.1007/s11205-013-0540-3
   Web of Science ®Google Scholar
• Woolcock, M. (1998). Social capital and economic development: Toward a theoretical synthesis and policy framework. Theory and Society, 27(2), 151–208. https://doi.org/10.1023/A:1006884930135
   Web of Science ®Google Scholar
• World Bank. (2011). What is social capital?. Available at: http://go.worldbank.org/K4LUMW43B0
   Google Scholar