نویسندگان
1 دکترای اقتصاد
2 دانشجوی کارشناسی ارشد اقتصاد دانشگاه تهران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
This study quantitatively examines the determinants of bank-owned enterprises in Iranian banks—defined as investment in fixed assets—over the period 2019 to 2023. The central research question is whether such behavior is a reactive response to macroeconomic fluctuations (including housing inflation and economic growth), or whether it stems from banks’ structural and persistent institutional characteristics. Using panel data from 24 banks and a three-pronged analytical framework (fixed-effects model, dynamic panel model, and cluster analysis), the study finds that macroeconomic and bank performance variables—such as housing inflation and profitability—have no significant impact on the level of bank-owned enterprises. In contrast, the dynamic model strongly confirms the presence of institutional inertia, such that last year’s behavior is the only significant determinant of current behavior. Cluster analysis further reveals three distinct behavioral patterns: stable conservatives, high-risk aggressors—which play a substantial role in generating systemic risk—and moderate opportunists. Taken together, these findings highlight the ineffectiveness of uniform regulatory policies and indicate that overcoming this structural inertia is only achievable through differentiated, behavior-based supervision tailored to the identified clusters of banks
کلیدواژهها [English]
)