The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks
The purpose of this study is to investigate the impact of macroeconomic variables and Sukuk "Sharia Compliant bonds" on the profitability of banks. Two definitions have been used for profit. First: the ratio of bank's profit to its total assets. Second: the ratio of net operational in...
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| Format: | Article |
| Language: | fas |
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پژوهشگاه حوزه و دانشگاه
2021-09-01
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| Series: | جستارهای اقتصادی |
| Subjects: | |
| Online Access: | https://iee.rihu.ac.ir/article_1977_0c9676d9888d09783456534bdb63d3d4.pdf |
| _version_ | 1797294069670477824 |
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| author | Mohammad Rajaei Baghsiaei Mahdi Safaei Ilkhchi |
| author_facet | Mohammad Rajaei Baghsiaei Mahdi Safaei Ilkhchi |
| author_sort | Mohammad Rajaei Baghsiaei |
| collection | DOAJ |
| description | The purpose of this study is to investigate the impact of macroeconomic variables and Sukuk "Sharia Compliant bonds" on the profitability of banks. Two definitions have been used for profit. First: the ratio of bank's profit to its total assets. Second: the ratio of net operational income of the bank to its total deposits. The time range of the research is the period of 2012 to 2019 and the research sample includes 16 banks listed on the Tehran Stock Exchange. Data analysis and hypothesis testing were performed using multivariate regression model and hybrid data. The results showed that GDP growth as well as inflation have a positive and significant effect on both profitability indices, but the growth of exchange rate and total Sukuk traded in the capital market has a negative and significant effect on both profitability indices. Operating leverage has a negative and significant effect, and the size of banks has a positive and significant effect on both profitability indices. |
| first_indexed | 2024-03-07T21:24:48Z |
| format | Article |
| id | doaj.art-5dc30159e9354a41810e635365d4c63f |
| institution | Directory Open Access Journal |
| issn | 1735-3300 2588-5812 |
| language | fas |
| last_indexed | 2024-03-07T21:24:48Z |
| publishDate | 2021-09-01 |
| publisher | پژوهشگاه حوزه و دانشگاه |
| record_format | Article |
| series | جستارهای اقتصادی |
| spelling | doaj.art-5dc30159e9354a41810e635365d4c63f2024-02-27T06:48:32Zfasپژوهشگاه حوزه و دانشگاهجستارهای اقتصادی1735-33002588-58122021-09-01183610912510.30471/iee.2022.8441.22261977The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian BanksMohammad Rajaei Baghsiaei0Mahdi Safaei Ilkhchi1Department of Finance and Banking, Faculty of Management and Accounting, Allameh Tabatabai University, Tehran, Iran.Department of Finance and Banking, Faculty of Management and Accounting, Allameh Tabatabai University, Tehran, Iran.The purpose of this study is to investigate the impact of macroeconomic variables and Sukuk "Sharia Compliant bonds" on the profitability of banks. Two definitions have been used for profit. First: the ratio of bank's profit to its total assets. Second: the ratio of net operational income of the bank to its total deposits. The time range of the research is the period of 2012 to 2019 and the research sample includes 16 banks listed on the Tehran Stock Exchange. Data analysis and hypothesis testing were performed using multivariate regression model and hybrid data. The results showed that GDP growth as well as inflation have a positive and significant effect on both profitability indices, but the growth of exchange rate and total Sukuk traded in the capital market has a negative and significant effect on both profitability indices. Operating leverage has a negative and significant effect, and the size of banks has a positive and significant effect on both profitability indices.https://iee.rihu.ac.ir/article_1977_0c9676d9888d09783456534bdb63d3d4.pdfmacroeconomic variablessukukprofitability indicatorsprofitabilitypanel data model |
| spellingShingle | Mohammad Rajaei Baghsiaei Mahdi Safaei Ilkhchi The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks جستارهای اقتصادی macroeconomic variables sukuk profitability indicators profitability panel data model |
| title | The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks |
| title_full | The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks |
| title_fullStr | The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks |
| title_full_unstemmed | The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks |
| title_short | The Effect of Macroeconomic Variables and Sukuk on the Profitability of Iranian Banks |
| title_sort | effect of macroeconomic variables and sukuk on the profitability of iranian banks |
| topic | macroeconomic variables sukuk profitability indicators profitability panel data model |
| url | https://iee.rihu.ac.ir/article_1977_0c9676d9888d09783456534bdb63d3d4.pdf |
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