COVID-19 大流行期间的银行业绩和金融稳定性:中东和北非地区的经验教训

IF 3.8 Q2 BUSINESS EuroMed Journal of Business Pub Date : 2024-04-11 DOI:10.1108/emjb-07-2023-0182
Miroslav Mateev, Ahmad Sahyouni, Syed Moudud-Ul-Huq, Kiran Nair
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引用次数: 0

摘要

目的 本研究调查了 COVID-19 大流行期间市场集中度和效率在银行系统稳定性中的作用。我们以中东和北非(MENA)20 个国家的 575 家银行为样本,对市场集中度和效率是危机期间银行业绩和稳定性的重要决定因素这一假设进行了实证检验。本研究结合了描述性和分析性方法。研究结果表明,市场集中度会对银行盈利能力产生负面影响,而效率的提高则会进一步提升银行业绩,并有助于银行业的整体稳定。此外,我们的分析表明,在 COVID-19 大流行期间,银行稳定性在很大程度上取决于市场集中度水平,而与银行效率无关。然而,如果银行机构是伊斯兰教的,则效率更高的银行盈利能力更强,稳定性更高。同样,具有相同效率水平的伊斯兰银行在大流行期间的整体财务表现也优于传统银行。研究局限性/启示主要局限性与本文所涉及的 COVID-19 大流行时期(2020-2021 年)有关。因此,要进一步研究 COVID-19 对银行盈利能力和风险的影响,需要延长大流行病危机的时间,包括 2022 年。本研究还有助于他们制定适当的战略,以减轻 COVID-19 大流行带来的不利影响。在伊斯兰银行系统和传统银行系统并存和竞争的国家,基于不同的业务模式和风险管理实践,我们的建议对这些国家的政策制定者和监管者来说是有用的指南。 原创性/价值 作者通过研究市场集中度和效率作为 COVID-19 大流行期间银行业绩和稳定性的主要决定因素的作用,为银行业稳定性文献做出了贡献。本研究首次使用单个和风险调整后的综合绩效指标来分析中东和北非地区银行业的稳定性。
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Bank performance and financial stability during the COVID-19 pandemic: lessons from the MENA region

Purpose

This study investigates the role of market concentration and efficiency in banking system stability during the COVID-19 pandemic. We empirically test the hypothesis that market concentration and efficiency are significant determinants of bank performance and stability during the time of crises, using a sample of 575 banks in 20 countries in the Middle East and North Africa (MENA).

Design/methodology/approach

The main sources of bank data are the BankScope and BankFocus (Bureau van Dijk) databases, World Bank development indicators, and official websites of banks in MENA countries. This study combined descriptive and analytical approaches. We utilize a panel dataset and adopt panel data econometric techniques such as fixed/random effects and the Generalized Method of Moments (GMM) estimator.

Findings

The results reveal that market concentration negatively affects bank profitability, whereas improved efficiency further enhances bank performance and contributes to the banking sector’s overall stability. Furthermore, our analysis indicates that during the COVID-19 pandemic, bank stability strongly depended on the level of market concentration, but not on bank efficiency. However, more efficient banks are more profitable and stable if the banking institutions are Islamic. Similarly, Islamic banks with the same level of efficiency demonstrated better overall financial performance during the pandemic than their conventional peers did.

Research limitations/implications

The main limitation is related to the period of COVID-19 pandemic that was covered in this paper (2020–2021). Therefore, further investigation of the COVID-19 effects on bank profitability and risk will require an extended period of the pandemic crisis, including 2022.

Practical implications

This study provides information that will enable bank managers and policymakers in MENA countries to assess the growing impact of market concentration and efficiency on the banking sector stability. It also helps them in formulating suitable strategies to mitigate the adverse consequences of the COVID-19 pandemic. Our recommendations are useful guides for policymakers and regulators in countries where Islamic and conventional banking systems co-exist and compete, based on different business models and risk management practices.

Originality/value

The authors contribute to the banking stability literature by investigating the role of market concentration and efficiency as the main determinants of bank performance and stability during the COVID-19 pandemic. This study is the first to analyze banking sector stability in the MENA region, using both individual and risk-adjusted aggregated performance measures.

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来源期刊
CiteScore
9.80
自引率
19.20%
发文量
61
期刊介绍: The EuroMed Journal of Business (EMJB) is the premier publication facilitating dialogue among researchers from Europe and the Mediterranean. It plays a vital role in generating and disseminating knowledge about various business environments and trends in this region. By offering an up-to-date overview of emerging business practices in specific countries, EMJB serves as a valuable resource for its readers. As the official journal of the EuroMed Academy of Business, EMJB is committed to reflecting the economic growth seen in the European-Mediterranean region. It aims to be a focused and targeted business journal, highlighting environmental opportunities, threats, and marketplace developments in the area. Through its efforts, EMJB promotes collaboration and open dialogue among diverse research cultures and practices. EMJB serves as a platform for debating and disseminating research findings, new research areas and techniques, conceptual developments, and practical applications across various business segments. It seeks to provide a forum for discussing new ideas in business, including theory, practice, and the issues that arise within the field.
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