The Effect of Economic Freedom on Bank Performance



The banking sector is one of the important financial intermediaries in an economic system. Improvement in the banking sector can achieve optimal allocation of financial resources. The performance of banks and other financial service providers has direct effect on economic growth. One of the factors that can affect the banks operation is economic freedom. Economic freedom and freedom of private property rights can influence the quality of financial institutions such as banks. Using panel data model, this paper attempts to study the effect of the economic freedom index on the performance of banks in selected developed and developing countries for the period 2001-2011. According to our finding, countries with higher degree of economic freedom index have better financial performance. Moreover, economic freedom indexes have positive effects on bank′s profitability in both groups of countries.


Article Title [Persian]

بررسی اثر آزادی اقتصادی بر عملکرد بانک

Abstract [Persian]

بخش بانکی یکی از واسطه­های مهم مالی در اقتصاد است. بهبود سیستم بانکی می­تواند به تخصیص بهینه منابع مالی کمک شایان توجهی نماید. وجود بانک­ها و سایر ارائه‌دهندگان خدمات مالی به­منظور تسهیل فرآیند رشد اقتصادی لازم بنظر می­رسند. یکی از عواملی که بر عملکرد نظام بانکی مؤثر است، آزادی اقتصادی می‌باشد. آزادی اقتصادی با توجه به تاثیر بر محیط مبادلات، می­تواند بر کیفیت عملکرد موسسات مالی مانند بانک­ها تأثیرگذار باشد. بنابراین، این مقاله تلاش دارد تا اثر شاخص­های آزادی اقتصادی را بر عملکرد بانک­ها در کشورهای توسعه­یافته و درحال‌توسعه منتخب با استفاده از الگوی داده‌های پنل برای دوره زمانی (2001-2011) بررسی نماید. بر اساس نتایج بدست آمده، در کشورهایی که شاخص آزادی اقتصادی به‌طور نسبی بالاتر بوده، عملکرد مالی نیز بهتر بوده است. با توجه به برآوردها، شاخص آزادی اقتصادی در هر دو گروه از کشورها تأثیر مثبت بر سودآوری بانکی داشته است

Keywords [Persian]

  • آزادی اقتصادی
  • بانک
  • الگوی داده های پنل
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