商业自由和金融发展是不良资产的主要决定因素:来自印度银行业的证据

Pub Date : 2023-02-08 DOI:10.35716/ijed/22037

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摘要

本研究试图通过明确调查经济自由指数（EFI）和金融发展（FD）的商业自由子组成部分以及传统的银行特定因素和宏观经济决定因素，丰富印度银行业不良资产决定因素的现有文献。该研究估计了2005-2020年38家定期商业银行的面板数据模型。采用“固定效应”回归模型和“两步系统GMM”方法进行分析。研究结果表明，商业自由有助于NPA的增加。这意味着不能让印度银行业在自由市场机制中运作。金融发展（FD）与NPA呈负相关

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Business Freedom and Financial Development as Leading Determinants of Non-performing Assets: Evidence from the Indian Banking Sector

This study is an attempt to enrich the existing literature on the determinants of non-performing assets (NPAs) for the Indian banking sector by explicitly investigating the role of the Business Freedom sub-component of the Economic Freedom Index (EFI) and Financial Development (FD) along with the traditional bank-specific and macroeconomic determinants. The study estimated panel data models for 38 Scheduled Commercial Banks (SCBs) from 2005-2020. The ‘Fixed effect’ regression model and ‘Two-step System GMM’ approach were employed to perform the analysis. The results indicated that business freedom contributes to increased NPAs. It implied that the Indian banking sector could not be left to operate in a free market mechanism. Financial Development (FD) is found to have a negative relationship with the NPAs

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