پیوندهای مفید
آمار
| تعداد نشریات | 21 |
| تعداد شماره‌ها | 657 |
| تعداد مقالات | 9,644 |
| تعداد مشاهده مقاله | 68,675,603 |
| تعداد دریافت فایل اصل مقاله | 48,161,700 |
Identifying the relationship between the uncertainty of economic policies and the lack of transparency of banks' income in Iran | ||
| International Journal of Nonlinear Analysis and Applications | ||
| مقاله 7، دوره 15، شماره 8، آبان 2024، صفحه 79-92 اصل مقاله (782.35 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22075/ijnaa.2023.30620.4451 | ||
| نویسندگان | ||
| Tahereh Mohammadi1؛ Saeed Shirkavand* 2؛ Ezatollah Abbasian2 | ||
| 1Department of Financial Management, Aras International Campus, University of Tehran, Tehran, Iran | ||
| 2Department of Financial Management, Faculty of Management, University of Tehran, Tehran, Iran | ||
| تاریخ دریافت: 27 اسفند 1401، تاریخ بازنگری: 21 اردیبهشت 1402، تاریخ پذیرش: 12 خرداد 1402 | ||
| چکیده | ||
| The purpose of this study is to investigate the relationship between the lack of transparency of banks' income and the uncertainty of economic policies. The statistical population of the research is all banks and banks and credit institutions active in Iran. The research sample includes all the banks admitted to the Tehran Stock Exchange, which were members since 2010 and includes a total of 12 banks. The time period of the research is 2011 to 2021. In the statistical analysis of the research, first the descriptive analysis of the data was done, and then the reliability and distribution of the data were evaluated by performing the stationarity test and the normality test (Jarek-Bera) to estimate the models. In the next step, Limer and Hausman's F test was used to determine the data structure and estimation method. Then it was determined whether the model is linear or non-linear by using Wald's test, and finally, by using the GMM method, the effects of economic policy uncertainty on the lack of transparency of banks' income have been investigated. The results of the research showed that the uncertainty of economic policies depending on the size of banks can have a different effect on the lack of transparency of banks' income. Based on the evidence presented in the research, the relationship between economic uncertainty and lack of income transparency in the investigated banks is negative and significant. Also, the results show that regardless of the level of capital adequacy, the increase in economic uncertainty leads to a decrease in the level of income opacity of banks; However, the intensity of EPU effect on the lack of income transparency in banks with a lower capital adequacy level is greater in terms of absolute value than in banks with a higher capital adequacy level. | ||
| کلیدواژه‌ها | ||
| Economic policy uncertainty؛ Bank earnings opacity؛ GMM method | ||
| مراجع | ||
|
[1] M. Arellano and S. Bond, Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Rev. Econ. Stud. 58 (1991), no. 2, 277–297. [2] M. Arellano and O. Bover, Another look at the instrumental variable estimation of error-component models, J. Econ. 68 (1995), 29–52. [3] S.R. Baker, N. Bloom, and S.J. Davis, Measuring economic policy uncertainty, Quart. J. Econ. 131 (2016), no. 4, 1593–1636. [4] B. Bernake and M. Gertler, Monetary policy and asset price volatility, New Challenges for Monetary Policy, Federal Reserve Bank of Kansas City: Jackson Hole Conf. Proc., 1999. [5] C. Christou, J. Cunado, R. Gupta, and C. Hassapis, Economic policy uncertainty and stock market returns in PacificRim countries: Evidence based on a Bayesian panel VAR model, J. Multinat. Financ. Manag. 40 (2017), 92–102. [6] P. Danisewicz, D. McGowan, E. Onali, and K. Schaeck, Debtholder monitoring incentives and bank earnings opacity, J. Financ. Quant. Anal. 56 (2021), no. 4, 1408–1445. [7] T.A. Desalegn and H. Zhu, Does economic policy uncertainty affect bank earnings opacity? Evidence from China, J. Policy Model. 43 (2021), no. 5, 1000–1015. [8] S. Farahani Fard, M. Pushari, and Y. Khanzadeh, The effect of Islamic banking and non-banking financial institutions on Iran’s economic growth (GMM generalized moment approach), Econ. Model. Sci. Quart. 9 (2014), no. 31, 21–41. [9] A. Ghezelbash and M. Kaviani, Uncertainty of economic policy and loan pricing, Econ. Mag. 20 (2019), no. 5 and 6, 25–38. [10] R. Hijazi, S. Khalife Soltani and Z. Rahmani, The effect of variables of economic growth and economic freedom on profit opacity, Financ. Account. Res. 3 (2010) no. 5, 1–16. [11] V. lsyuk, The role of the banking sector performance in the crisis of 2007, Doctoral dissertation, Paris 1, Within the framework of the Doctoral School of Economics (Paris), in partnership with the Economics Center of the Sorbonne, 2013. [12] L. Jiang, J.A. Pittman, and W. Saffar, Policy uncertainty and textual disclosure, Account. Horizons 36 (2022), no. 4, 113–131. [13] J.Y. Jin, K. Kanagaretnam, Y. Liu, and G.J. Lobo, Economic policy uncertainty and bank earnings opacity, J. Account. Public Policy 38 (2019), no. 3, 199–218. [14] H. Kim and Y. Yasuda, Economic policy uncertainty and earnings management: Evidence from Japan, J. Financ. Stabil. 56 (2021), 100925. [15] V. Nagar, J. Schoenfeld, and L. Wellman, The effect of economic policy uncertainty on investor information asymmetry and management disclosures, J. Account. Econ. 67 (2019), no. 1, 36–57. [16] A. Najarian and A. Raiti, Investigating the effect of uncertainty of economic policies on the lack of transparency of profits in banks admitted to the Tehran Stock Exchange, 5th Int. Conf. Finance, Trade, Bank, Econ. Account. Manag., 2019. [17] J. Ng, W. Saffar and J.J. Zhang, Policy uncertainty and loan loss provisions in the banking industry, Review of Accounting Studies 25 (2020), 726-77. [18] C.P. Nguyen, T.H. Le and T.D. Su, Economic policy uncertainty and credit growth: Evidence from a global sample, Research in International Business and Finance 51 (2020), 101118. [19] A. Ghezelbash and M. Kaviani, Uncertainty of economic policy and loan pricing, Econ. Mag. 20 (2019), no. 5 and 6, 25–38. [20] N. Sabouri and A. Karimpour, Investigating the joint effects of economic policy uncertainty and company characteristics on capital structure (Case study: Companies listed on the Tehran Stock Exchange), New Res. Approach. Manag. Account. 5 (2021), no. 66, 119–136. [21] D.V. Tran, Economic policy uncertainty and bank dividend policy, Int. Rev. Econ. 67 (2020), no. 3, 339. [22] D.V. Tran, K. Hoang and C. Nguyen, How does economic policy uncertainty affect bank business models?, Finance Res. Lett. 39 (2021), 101639. [23] T. Yuan, J.G. Wu, N. Qin, and J. Xu, Be nice to stakeholders: The effect of economic policy uncertainty on corporate social responsibility, Econ. Modell. 108 (2022), 105737. | ||
|
آمار تعداد مشاهده مقاله: 2,999 تعداد دریافت فایل اصل مقاله: 4,716 |
||