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:: Volume 16, Issue 1 (Winter 2021) ::
J. Mon. Ec. 2021, 16(1): 21-42 Back to browse issues page
Investigation of Factors Affecting Banking Leverage in Selected Iranian Banks (Random-Coefficients Approach)
Alireza Ahadifar1, Zahra Karimi Takanlo1, Reza Ranjpour 1, Jafar Haghighat1
1- Department of Economic Sciences; Faculty of Economics and Management; University of Tabriz; Tabriz; Iran
Abstract:   (129 Views)
This study investigates the effect of intra-organizational and macroeconomic factors on banking leverage in selected Iranian banks. For this purpose, after calculation of the Banking Leverage for each bank, by using Random-Coefficients Approach (Swamy model), the impact of explanatory variables during the period of 1999-2016 was examined separately by 10 selected Iranian public and private banks. Based on calculations, Melli, Saderat, Refah, and Tejarat Bank had the highest and Sanat-va-Madan, Eghtesad-Novin, and Sepah had the lowest level of banking leverage. Furthermore; the results of estimations show that "organizational" and "structural-variables" of each bank have different effects on their banking leverage. For example, "credit risk" has a positive and significant effect on bank leverage in "Tejarat", "Saderat", "Refah" and "Sanat-va-Madan" banks. The effect of "liquidity risk" is the same as "credit risk". In general, due to banks' dissimilar structures, organizational and structural variables hold a varying impact on their banking leverage.
Keywords: Banking Leverage, Structural Factors, Organizational Factors, Financial Crisis, Swamy Model.
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Type of Study: Original Research - Empirical | Subject: Monetary Economics
Received: 2 Feb 2021 | Accepted: 7 Jul 2021 | Published: 26 Dec 2021
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Ahadifar A, Karimi Takanlo Z, ranjpour R, Haghighat J. Investigation of Factors Affecting Banking Leverage in Selected Iranian Banks (Random-Coefficients Approach). J. Mon. Ec.. 2021; 16 (1) :21-42
URL: http://jme.mbri.ac.ir/article-1-532-en.html

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Volume 16, Issue 1 (Winter 2021) Back to browse issues page
Journal of Money and Economy Journal of Money And Economy
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