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   Profit Rate Stickiness and Bank Specific Characteristics: Empirical Study of Panel Hidden Cointegration  
   
نویسنده Taiebnia Ali ,Rahmani Teymur ,Mohammadali Hanieh
منبع Journal Of Money And Economy - 2019 - دوره : 14 - شماره : 1 - صفحه:1 -25
چکیده    Profit rate stickiness means the asymmetric behavior of banking profit rate with respect to positive and negative shocks. scrutinizing this behavior would suggest a new perspective on policy tools and banking supervision. in this regard, this paper applies hidden panel cointegration, proposed by hatemij (2018), to study profit rate and bank specific characteristics nexus for all banks listed on tehran stock exchange [tse] during 20082017. this approach, in addition to analyzing the longterm relationship between variables, has another important capability for modeling asymmetry between variables. it has been shown that there is a longrun nonlinear relationship between cumulative positive and negative components of variables. then, asymmetric relationships are measured by using panel dols. the results indicate that the main causes of profit rate asymmetry are liquidity and credit risks, and there is a downward direction of profit rate stickiness. finally, the scp paradigm is wellsupported in iran rsquo;s banking system. it seems central bank of iran [cbi] needs to be mindful of anticompetitive effects of bank mergers firstly; and secondly, require banks to meet more stringent liquidity requirements and force them to stop roll over defaulted loans into new loans to increase the quality of banks rsquo; assets.
کلیدواژه Banking Profit Rate ,Asymmetric Behavior ,Market Concentration
آدرس University Of Tehran, Faculty Of Economics, Iran, University Of Tehran, Faculty Of Economics, Iran, University Of Tehran, Faculty Of Economics, Iran
پست الکترونیکی hanieh.mohammadali@yahoo.com
 
 

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