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Afshari, Z., Shirinbakhsh, S., ravangard, S. (2014). The Effect of Oil Price Changes on Bank Profitability. Glory of Art (Jelve-y Honar) Alzahra Scientific Quarterly Journal, 2(2), 121-139. doi: 10.22051/edp.2014.1899
Zahara Afshari; Shams-o-Allah Shirinbakhsh; samaneh ravangard. "The Effect of Oil Price Changes on Bank Profitability". Glory of Art (Jelve-y Honar) Alzahra Scientific Quarterly Journal, 2, 2, 2014, 121-139. doi: 10.22051/edp.2014.1899
Afshari, Z., Shirinbakhsh, S., ravangard, S. (2014). 'The Effect of Oil Price Changes on Bank Profitability', Glory of Art (Jelve-y Honar) Alzahra Scientific Quarterly Journal, 2(2), pp. 121-139. doi: 10.22051/edp.2014.1899
Afshari, Z., Shirinbakhsh, S., ravangard, S. The Effect of Oil Price Changes on Bank Profitability. Glory of Art (Jelve-y Honar) Alzahra Scientific Quarterly Journal, 2014; 2(2): 121-139. doi: 10.22051/edp.2014.1899

The Effect of Oil Price Changes on Bank Profitability

تحلیل های اقتصادی توسعه ایران
Article 5, Volume 2, Issue 2 - Serial Number 3, July 2014, Pages 121-139    PDF (342.61 K)
Document Type: Research Paper
DOI: 10.22051/edp.2014.1899
Authors
Zahara Afshari1; Shams-o-Allah Shirinbakhsh2; samaneh ravangard* 3
1Professor of Faculty of Economics, Al-Zahra University
2Associate professor at Alzahra University
3Master of Science (Economics), Al-Zahra University
Abstract
This paper analyzes the relationship between oil price shocks and bank profitability, using data from 88 banks in 11 oil-exporting MENA countries for 2006-2012. The dependent variable is the return on assets, measured as the ratio of bank profits to total assets. and the independent variables include bank-specific, and country-specific variables, and oil price changes. We test the hypotheses of direct and indirect effects of oil price shocks on bank profitability via a dynamic panel method (system GMM). Our results indicate that oil price changes have direct impact on bank profitability. To differentiate the impact of oil price shocks on banks with different organizational structures we introduce interaction terms for oil price with commercial, Islamic, and investment banks. Our results indicate that Islamic banks appear to be the only affected ones by oil price shocks.
Keywords
bank profitability; Oil Price Shocks; system GMM; MENA Countries
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