Purpose - The purpose of this paper is to assess the financial performance of the intermediary institutions that have operated in the Turkish capital markets taking the issue of bank-origin and non-bank-origin institutions into account. Design/methodology/approach - Financial performance of the...

Purpose-The purpose of this study is to investigate efficiency and productivity of Turkey's both brokeragesector and intermediary institutions (IIs) that have been active in Turkish capital markets.Design/methodology/approach-Data envelopment analysis (DEA) and Malmquist total factorproductivity...