收入应该多样化吗?尼泊尔存款金融机构动态面板数据分析

Q2 Economics, Econometrics and Finance Investment Management and Financial Innovations Pub Date : 2023-09-22 DOI:10.21511/imfi.20(3).2023.28
Dipendra Karki, Ganesh Bhattarai, Rewan Kumar Dahal, Kunti Dhami
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引用次数: 0

摘要

本研究分析了非利息收入多样性对尼泊尔存款金融机构(dfi)绩效的可能影响。该研究考察了服务费用、权益工具股息和非利息收入占总营业收入比率等变量作为内生因素。ROE是关键的盈利能力指标。此外,研究还探讨了控制变量对金融机构绩效的影响,如成本收入比、权益与总资产比率、不良贷款占总贷款比率等。利用2015/16财年至2021/22财年的二手数据进行分析,采用相关分析和回归分析来评估变量之间的关系。基于Hausman规格检验,本研究采用动态面板数据分析方法,采用随机效应回归模型。研究结果表明,股权工具的股息(= -0.565 *)对盈利能力产生不利影响。同时,服务费和非利息收入占整体营业收入的比例没有明显影响。成本收入比(= -0.432 **)和权益对总资产(= -94.101 **)等控制因素对盈利能力产生不利影响。研究表明,收入多样化可能不是有益的,敦促尼泊尔发展金融机构优先考虑利息收入,并考虑其他投资机会。建议降低成本收入比和权益与总资产的比率,以提高盈利能力。
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Should income be diversified? A dynamic panel data analysis of Nepalese depository financial institutions
This study analyzes the possible impact of diversity in non-interest income on Nepalese Depository Financial Institutions (DFIs) performance. The study examines variables such as service fees, dividends on equity instruments, and the non-interest revenue ratio to total operational income as endogenous factors. The ROE serves as the key profitability indicator. Additionally, the study explores the impact of control variables on the performance of financial institutions, such as the cost-to-income ratio, the equity-to-total assets ratio, and the ratio of non-performing loans to total loans. Secondary data from fiscal year 2015/16 to 2021/22 are utilized for analysis, employing correlation and regression analyses to assess the relationships between variables. Based on the Hausman Specification test, this study uses a Dynamic Analysis of Panel Data approach, adopting a Random effects regression model. The findings indicate that dividends from equity instruments ( = –0.565*) adversely affect profitability. At the same time, service fees and non-interest revenue as a proportion of overall operating revenue show no significant impact. Control factors like the cost-to-income ratios ( = –0.432**) and the equity-to-total assets ( = –94.101**) adversely affect profitability. The study suggests that income diversification may not be beneficial, urging Nepalese DFIs to prioritize interest income and consider alternative investment opportunities. Reducing the cost-to-income ratios and equity-to-total assets is recommended for enhancing profitability.
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来源期刊
Investment Management and Financial Innovations
Investment Management and Financial Innovations Economics, Econometrics and Finance-Finance
CiteScore
2.50
自引率
0.00%
发文量
99
审稿时长
11 weeks
期刊介绍: The international journal “Investment Management and Financial Innovations” encompasses the results of theoretical and empirical researches carried out both on macro- and micro-levels, concerning various aspects of financial management and corporate governance, investments and innovations (including using of quantitative methods). It is focused on the international community of financiers, both academics and practitioners. Key topics: financial and investment markets; government policy and regulation; corporate governance; information and market efficiency; financial forecasting and simulation; financial institutions: investment companies, investment funds, investment banks, hedge funds, private pension funds; objects of real and financial investing; financial instruments and derivatives; efficiency of investment projects; econometric and statistic methods in project management; alternative investments; ratings and rating agencies.
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