Accès libre

Macroeconomic, Institutional and Bank-Specific Determinants of Non-Performing Loans in Emerging Market Economies: A Dynamic Panel Regression Analysis

   | 19 sept. 2019
À propos de cet article

Citez

1. Abdioglu, N., Aytekin, S. (2016). Takipteki Kredi Oranını Etkileyen Faktörlerin Belirlenmesi: Mevduat Bankaları Üzerinde Bir Dinamik Panel Veri Uygulaması. İşletme Araştırmaları Dergisi, 8(1), 538-555.10.20491/isader.2016.159Search in Google Scholar

2. Ahmad, F. (2013). Corruption and Information Sharing as Determinants of Non-Performing Loans. Business Systems Research, 4(1), 87-98. doi:10.2478/bsrj-2013-000810.2478/bsrj-2013-0008Open DOISearch in Google Scholar

3. Arellano, M., and Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. Review of Economic Studies, 58, 277-98.10.2307/2297968Open DOISearch in Google Scholar

4. Arellano, M., and Bover, O. (1995). Another Look at the Instrumental Variable Estimation of Error-Components Models. Journal of Econometrics, 68, 29-51. doi:10.1016/0304-4076(94)01642-D10.1016/0304-4076(94)01642-Open DOISearch in Google Scholar

5. Blundell, R., and Bond, S. (1998). Initial Conditions and Moment Restrictions in Dynamic Panel Data Models. Journal of Econometrics, 87, 115-143. doi:10.1016/S0304-4076(98)00009-810.1016/S0304-4076(98)00009-8Open DOISearch in Google Scholar

6. Boudriga, A., Taktak, N.B., Jellouli, S. (2010). Bank Specific, Business and Institutional Environment Determinants of Banks Nonperforming Loans: Evidence from MENA Countries. Economic Research Forum Working Papers, No.547.Search in Google Scholar

7. Čihák, M., Demirgüç-Kunt, A., Feyen, E., Levine, R. (2012). Benchmarking Financial Systems Around the World. World Bank Policy Research Working Paper 6175, World Bank, Washington, D.C.10.1596/1813-9450-6175Search in Google Scholar

8. Curak, M., Pepur, S., Poposki, K. (2013). Determinants of Non-performing Loans – Evidence from Southeastern European Banking Systems. Banks and Bank Systems, 8(1), 45-53.Search in Google Scholar

9. De Bock, R., Demyanets, A. 2012. Bank Asset Quality in Emerging Markets: Determinants and Spill-overs. IMF Working Paper, WP/12/71.10.5089/9781475502237.001Search in Google Scholar

10. Ghosh, A. (2015). Banking-Industry Specific and Regional economic Determinants of Non-performing Loans: Evidence from US States. Journal of Financial Stability, 20, 93–10410.1016/j.jfs.2015.08.004Search in Google Scholar

11. Heritage Foundation (2016). Index of Economic Freedom. Available at http://www.heritage.org/index/Search in Google Scholar

12. IMF (2016). World Economic Outlook Database. Retrieved January 31, 2016, from https://www.imf.org/external/pubs/ft/weo/2015/02/weodata/index.aspxSearch in Google Scholar

13. Im, K.S., Shin, M.H., Shin, Y. (2003). Testing for Unit Roots in Heterogeneous Panels. Journal of Econometrics, 115, 53-74. DOI: 10.1016/S0304-4076(03)00092-710.1016/S0304-4076(03)00092-7Open DOISearch in Google Scholar

14. Jung, H., and Kwon, H. (2007). An Alternative System GMM Estimation in Dynamic Panel Models, Hi Stat Discussion Paper No. 217, Hitotsubashi University.Search in Google Scholar

15. Keeton W.R., Morris, C.S. 1987. Why do Banks’ Loan Losses Differ. Economic Review, 3-21.Search in Google Scholar

16. Kjosevski, J., Petkovski, P. (2017). Non-performing Loans in Baltic States: Determinants and Macroeconomic Effects. Baltic Journal of Economics, 17(1):25-44. doi:10.1080/1406099X.2016.124623410.1080/1406099X.2016.1246234Open DOISearch in Google Scholar

17. Klein, N. (2013). Non-performing Loans in CESEE: Determinants and Impact on Macroeconomic Performance. IMF Working Paper, WP/13/72.10.5089/9781484318522.001Search in Google Scholar

18. Koju, L., Koju, R., Wang, S. (2018). Macroeconomic and Bank-Specific Determinants of Non-Performing Loans: Evidence from Nepalese Banking System. Journal of Central Banking Theory and Practice, 7(3):111-138. doi:10.2478/jcbtp-2018-002610.2478/jcbtp-2018-0026Open DOISearch in Google Scholar

19. Levin, A., Lin, C.F., Chu, C.S.J. (2002). Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties. Journal of Econometric, 108:1-22. doi:10.1016/S0304-4076(01)00098-710.1016/S0304-4076(01)00098-7Open DOISearch in Google Scholar

20. Louzis, D.P., Vouldis, A.T., Metaxas, V.L. (2012). Macroeconomic and Bank-specific Determinants of Non-performing Loans in Greece: A comparative Study of Mortgage, Business and Consumer Loan Portfolios. Journal of Banking & Finance, 36(4):1012-1017. DOI: 10.1016/j.jbankfin.2011.10.01210.1016/j.jbankfin.2011.10.012Open DOISearch in Google Scholar

21. Makri, V., Tsagkanos, A., Bellas, A. (2014). Determinants of Non-Performing Loans: The Case of Eurozone. Panoeconomicus, 2014/2, 93-206. doi:10.2298/PAN1402193M10.2298/1402193Open DOISearch in Google Scholar

22. Messai, A.S., Jouini, F. (2013). Micro and Macro Determinants of Non-performing Loans. International Journal of Economics and Financial Issues, 3(4), 852-860.Search in Google Scholar

23. MSCI. 2016. Market classification, https://www.msci.com/market-classification (31.01.2016)Search in Google Scholar

24. Petkovski, M., Kjosevski, J. (2014). Does Banking Sector Development Promote Economic Growth? An Empirical Analysis for Selected Countries in Central and South Eastern Europe. Economic Research, 27(1), 55-66. doi:10.1 080/1331677X.2014.94710710.1080/1331677X.2014.947107Open DOISearch in Google Scholar

25. Pop, I.D., Chicu, N., Răduțu, A. (2018). Non-performing Loans Decision Making in the Romanian Banking System. Management & Marketing Challenges for the Knowledge Society. 13(1), 761–776. doi: 10.2478/mmcks-2018-000410.2478/mmcks-2018-0004Open DOISearch in Google Scholar

26. Roman, A., Bilan, I. (2015). An Empirical Analysis of the Macroeconomic Determinants of Non-performing Loans in EU-28 Banking Sector. Revista Economică, 67(2), 108-127.Search in Google Scholar

27. Sargan, J. (1958). The Estimation of Economic Relationships using Instrumental Variables. Econometrica, 26(3):393–415. DOI: 10.2307/190761910.2307/1907619Open DOISearch in Google Scholar

28. Skarica, B. (2014). Determinants of Non-performing Loans in Central and Eastern European Countries. Financial Theory and Practice, 38(1), 37-59.10.3326/fintp.38.1.2Search in Google Scholar

29. Stijepović, R. (2014). Recovery and Reduction of Non-Performing Loans – Podgorica Approach. Journal of Central Banking Theory and Practice, 3(3): 101-108. doi: 10.2478/jcbtp-2014-001710.2478/jcbtp-2014-0017Open DOISearch in Google Scholar

30. Swamy, V. (2012). Impact of Macroeconomic and Endogenous Factors on Non-performing Bank Assets. International Journal of Banking and Finance, 9(1):27-47.10.32890/ijbf2012.9.1.8447Search in Google Scholar

31. Tanasković, S., Jandrić, M. (2015). Macroeconomic and Institutional Determinants of Non-performing Loans. Journal of Central Banking Theory and Practice, 2015/1:47-62. doi: 10.1515/jcbtp-2015-000410.1515/jcbtp-2015-0004Open DOISearch in Google Scholar

32. World Bank (2016a). Bank nonperforming loans to total gross loans (%). Available at http://data.worldbank.org/indicator/FB.AST.NPER.ZS/countriesSearch in Google Scholar

33. World Bank (2016b). Unemployment, total (% of total labor force). Available at http://data.worldbank.org/indicator/SL.UEM.TOTL.ZSSearch in Google Scholar

eISSN:
2336-9205
Langue:
Anglais
Périodicité:
3 fois par an
Sujets de la revue:
Business and Economics, Business Management, other