INVESTIGATING THE RELATIONSHIP BETWEEN INCOME VARIATION AND EFFICIENCY OF BANKS ACCEPTED IN THE STOCK EXCHANGE
DOI:
https://doi.org/10.32461/2226-3209.1.2018.178823Abstract
Abstract. The purpose of this research was to investigate the relationship between income variation and efficiency of banks accepted in the stock exchange. This research is descriptive-correlative method and is of applied research type. The statistical population of the study is all banks accepted in the Tehran Stock Exchange during the years 2012 to 2016, in which 15 banks have been active throughout the entire period of the research in the stock market. The research data were extracted from financial statements of banks and analyzed using regression models using combination data. The research findings showed that there was a relationship between the size of the bank and the efficiency of the banks accepted in the stock exchange, as well as between the equity and the efficiency of the banks accepted to the stock exchange.
Keywords: Income Variation, Bank Efficiency, Bank Size, Equity.
References
Hosseini, Seyed Shamsoddin and Faramarzi Ebad, Hamid (2016), The Effect of Electronic Banking on Equity
Returns in Selected Banks in Tehran Stock Exchange, Financial Economics Quarterly, Vol. 10, No. 35, Summer
Doayi, Meysam, Shavazipour, Babooshka, Zamani Sabzi, Mehdi (2016), Efficiency and Effectiveness of
Companies Accepted in Tehran Stock Exchange: Based on Diversity Strategy, Quarterly Journal of Investment
Knowledge, Year 5, No. 18, Summer 2016.
Yahyazadehfar, Mahmoud, Shams, Shahaboddin; Larimi, Seyed Jafar (2010), The Relationship between Economic
Value Added and Profitability with Value Added Market of Accepted Companies in Tehran Stock Exchange,
Accounting and Auditing Reviews, Volume 17, Issue 1.
Abdul Latif Alhassan , (2015),"Income diversification and bank efficiency in an emerging market", Managerial
Finance, Vol. 41 Iss 12 pp. 1318 – 1335
Cernas Ortiz, D. A. (2011). “Examining Curvilinearity and Moderation in the Relationship between the Degree of
Relatedness of Individual Diversification Actions and Firm Performance”. Doctor of Philosophy (Management),
UNIVERSITY OF NORTH TEXAS.
Denis, D. J., Denis, D. K. & Sarin, A. (1997). "Agency problems, equity ownership, and corporate diversification".
Journal of finance, 135-160.
Edwards, C. D. (1955). “Conglomerate bigness as a source of power”. Princeton University Press.
Hitt, M. A., Ireland, R. D. & Hoskisson, R. E. (2007). Strategic management: Competitiveness and globalization,
South-Western Pub.
Jacquemin, A. P. & Berry, C. H. (1979). "Entropy measure of diversification and corporate growth". The Journal
of Industrial Economics, 27, 359-369.
Jensen, M. C. & Meckling, W. H. (1976). "Theory of the firm: Managerial behavior, agency costs and ownership
structure". Journal of Financial Economics, 3, 305-360.
Jensen, M. C. (1986). "Agency costs of free cash flow, corporate finance, and takeovers". The American Economic
Review, 323-329.
Montgomery, C. (1994). "Corporate diversification". The Journal of Economic Perspectives, 8, 163-178.
Downloads
Issue
Section
License
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
