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The Effect of Shadow Banking on Banking Risk Considering the Role of Capital Structure in Iran
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Seyyed Masoud Tabatabai1   , Seyed-nezamuddin Makian2 , Zahra Nasrullahi3 |
1- Ph.D. Cndidate Yazd University
2- Associate Prof Yazd University , nmakiyan@yazd.ac.ir
3- Yazd University |
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Abstract: (1098 Views) |
Shadow banking includes a set of non-banking financial intermediaries such as investment funds, companies and monetary and financial institutions that actually have banking functions, but are not under the supervision of the bankig system.This study aimes to invstigates to evaluate the effect of shadow banking on banking risk in Iran. In addition, the effect of capital structure on the relationship between shadow banking and banking risk is also investigated. The analysis level of the research is a sample of Iranian banks during 2013 to 2019. The data analysis is based on the Panel Data econometric model with the Feasible Generalized Least Squares method. Results show that shadow banking in both public and private banks leads to an increase in risk, and change in capital structure in favor of bank assets that neutralizes part of the increase by shadow banking activities. Also, asset quality and capital adequacy in both public and private banks significantly reduce risk. Regarding liquidity, it can be seen that it has a negative and significant effect on risk in public banks, but its effect on risk in private banks is not significant. Concerning bank size, it can be seen that it significantly reduces risk in public banks, while it has no significant effect on risk in private banks. |
Article number: 15 |
| Keywords: Shadow Banking, Risk, Capital Structure, Public Banks, Private Banks |
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Full-Text [PDF 890 kb]
(213 Downloads)
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Article type: Research |
Subject:
Special
Received: 2024/02/22 | Accepted: 2024/04/9 | Published: 2024/07/31
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