Purpose – To investigate the effects of regulations, macroeconomic changes, and political events on the efficiency of the Turkish banks during the period 1997-2013, when crucial changes were experienced. To analyze the effects of an extensive set of bank-specific and environmental factors on...

The question about the specialness of banks has been the center of debates amongst academicians and regulators over a long period of time as leading to extensive regulations for controlling and supervision of banks. The base regulations, though not legally compulsory, have been those developed...