Determinants of Financial Moroccan Banks Performance: Approach by the Cointegration Method
| Autor: | Nabil Sifouh, Sara Bayoud, Mohamed Chemlal |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Inflation
Estimation 050208 finance Cointegration General Arts and Humanities media_common.quotation_subject 05 social sciences General Social Sciences Sample (statistics) lcsh:Social Sciences lcsh:H 0502 economics and business Ordinary least squares Econometrics Predictive power Internal variable General Economics Econometrics and Finance 050203 business & management media_common Panel data |
| Zdroj: | Mediterranean Journal of Social Sciences, Vol 9, Iss 4 (2018) |
| ISSN: | 2039-2117 2039-9340 |
| Popis: | The purpose of this paper is to test the long-term relationship between banks financial performance and two groups of variables, internal variables specific to the bank, and exogenous macroeconomic variables. To appreciate this long-term relationship, we applied the Fully Modified Ordinary Least Squares FMOLS method as a technique for estimation cointegrated panel data. Over a period of 26 semesters (2004 to 2016), our results show that a set of internal variables explains the financial performance of banks. As for external factors, economic growth explains this performance, while inflation has no predictive power of performance at least for our sample of the main Moroccan listed banks. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|