纪律工具在维护银行业绩和金融稳定中的作用：来自新兴经济体的证据

IF 1.2 Q3 BUSINESS, FINANCE

Journal of Emerging Market Finance Pub Date : 2023-08-29 DOI:10.1177/09726527231183015

Anjali Sain, Smita Kashiramka

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引用次数: 0

摘要

本研究的目的是检验纪律工具，即资本充足率要求和市场纪律在维护银行业绩和金融稳定方面的作用。该研究采用面板回归法，对2005年至2020年期间金砖国家经济体600家商业银行的面板数据集进行了分析。使用系统GMM（广义矩量法）验证了结果的稳健性。研究表明，在线性模型中，资本充足率对绩效和稳定性有正向影响，市场纪律对绩效和稳定有负向影响。在一个非线性模型中，资本充足率呈凹关系。此外，该研究还讨论了盈利能力和稳定性的关键决定因素。JEL分类：G21、G28、G32

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Role of Disciplinary Tools in Maintaining Bank Performance and Financial Stability: Evidence from Emerging Economies

The aim of this study is to examine the role of disciplinary tools, that is, capital adequacy requirement and market discipline in maintaining the banks’ performance and financial stability. The study employs a panel dataset of 600 commercial banks from BRICS economies for the period ranging from 2005 to 2020 using the panel regression. The robustness of the results is validated using the system GMM (generalized method of moments). The study reveals that, in a linear model, capital adequacy ratio has a positive influence on performance and stability, and market discipline has a negative influence on performance and stability. In a non-linear model, capital adequacy ratio has a concave relationship. Further, the study discusses the critical determinants of profitability and stability. JEL Classification: G21, G28, G32

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来源期刊

Journal of Emerging Market Finance BUSINESS, FINANCE-

CiteScore

1.80

自引率

33.30%

发文量

期刊介绍： The Journal of Emerging Market Finance is a forum for debate and discussion on the theory and practice of finance in emerging markets. While the emphasis is on articles that are of practical significance, the journal also covers theoretical and conceptual aspects relating to emerging financial markets. Peer-reviewed, the journal is equally useful to practitioners and to banking and investment companies as to scholars.