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:: Volume 14, Issue 4 (Fall 2019) ::
J. Mon. Ec. 2019, 14(4): 441-452 Back to browse issues page
Corporate Governance and Liquidity Creation: Evidence from Iranian Banks
Somaye Sadeghi *
Islamic Azad University, Ayatollah Amoli Branch
Abstract:   (116 Views)
This paper examines the impact of internal bank governance on bank liquidity creation in Iran during 2010-2017. We analyze whether banks with larger size and liquidity levels creates higher levels of liquidity. The results using panel GMM method show that corporate governance has a positive effect on liquidity creation; of course, it is not significant. Also, this effect is not affecting by bank size level, but a bank with higher liquidity levels have a higher elasticity to the governance change. Moreover, banks with higher financial stability have higher liquidity creation. Furthermore, the equity ratio index harms liquidity creation, which means “the fragility hypothesis” is confirmed within Iranian banks.
Keywords: Coorporate Governance, Liquidity Creation, Bank Size, GMM method
Full-Text [PDF 169 kb]   (34 Downloads)    
Type of Study: Research | Subject: Monetary Economics
Received: 2018/10/10 | Accepted: 2020/02/29 | Published: 2020/04/14
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Sadeghi S. Corporate Governance and Liquidity Creation: Evidence from Iranian Banks. J. Mon. Ec.. 2019; 14 (4) :441-452
URL: http://jme.mbri.ac.ir/article-1-315-en.html


Volume 14, Issue 4 (Fall 2019) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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