Presenting a model of the relationship between monetary policies, capital structure and banks' risk-taking

  • سال انتشار: 1403
  • محل انتشار: فصلنامه پیشرفتهایی در ریاضیات مالی و کاربردها، دوره: 9، شماره: 1
  • کد COI اختصاصی: JR_AMFA-9-1_010
  • زبان مقاله: انگلیسی
  • تعداد مشاهده: 163
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نویسندگان

Ayub Tabani

Department of Accounting, Qeshm Branch, Islamic Azad University, Qeshm, Iran

Hossein Badiei

Department of Accounting, Faculty of Economics and Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran

saeed moradpour

Department of Financial Engineering ,Kish International Branch, Islamic Azad University, Kish Island, Iran

Mohammad Hossein Ranjbar

Departement of Accounting and Finance, Faculty of Humanities, Islamic Azad University, Bandar Abbas Branch, Bandar Abbas, Iran

چکیده

The main objective of this study is to investigate the relationship between monetary policies, capital structure and risk-taking of listed banks in Tehran Stock Exchange. In this study, to measure the monetary policies, the indicator of legal reserve rate have been used. The sample consists of ۲۱ banks listed in Tehran Stock Exchange in the period from ۲۰۱۲ to ۲۰۱۸. In this study, the data were extracted from the Rahavard Novin ۳ software and then classified by Excel software, and after calculating the variables, finally, through Eviews۱۰ software, the multivariable regression model and panel data was used to test the hypotheses. The results showed that there is significant negative relationship between monetary policies and banks' risk-taking with in ۹۵% confidence level. In addition, other findings indicated existence of a significant positive relationship between monetary policies and bank capital structure. However, the research results show that there is no significant relationship between bank capital structure and banks' risk-taking.

کلیدواژه ها

Monetary Policies, Legal Reserve Rate, Capital Structure, Debt, Risk-taking

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