caerCentral Asian Economic ReviewCentral Asian Economic Review2789-43982789-4401Университет Нархоз10.52821/2224-5561-2021-1-84-97caer-303Research ArticleИНВЕСТИЦИИ, ФИНАНСЫ И УЧЕТINVESTMENT, FINANCE AND ACCOUNTINGWHAT DRIVES THE FINANCIAL PERFORMANCE IN BANKING INDUSTRY? THE CASE OF CIS COUNTRIESWHAT DRIVES THE FINANCIAL PERFORMANCE IN BANKING INDUSTRY? THE CASE OF CIS COUNTRIESФайзулаевА.FaizulayevA.

Алматы

Faizulayev Alimshan – Assistant Professor in Acc & Fin of Bang College of Business (BCB)

Almaty

a.faizulayev@kimep.kzДабыловаГ.DabylovaG.

Алматы

Gaukhar Dabylova – Masters in Bang College of Business (BCB)

Almaty

АсылхановаА.AssylkhanovaA.

Алматы

Assel Assylkhanova – Masters in Bang College of Business (BCB)

Almaty

Университет КИМЭПКазахстанKIMEP UniversityKazakhstan202120052021018497Copyright © Файзулаев А., Дабылова Г., Асылханова А., 20212021Файзулаев А., Дабылова Г., Асылханова А.Faizulayev A., Dabylova G., Assylkhanova A.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://caer.narxoz.kz/jour/article/view/303

Целью настоящего исследования является изучение влияния специфических банковских, макроэкономических переменных и политической стабильности на финансовые показатели традиционных банков, находящихся в странах Содружества Независимых Государств (СНГ) в период 1991–2017 гг.Методология. Для того, чтобы эмпирически исследовать факторы, определяющие прибыльность банков, мы использовали обобщенный метод наименьших квадратов (ОМНК) (панельная модель данных FGLS).Оригинальность / ценность исследования заключается во двойном вкладе в существующую литературу: во-первых, мы использовали широкий диапазон периодов с 1991 по 2017 год для оценки показателей прибыльности, во-вторых, модель FGLS была впервые использована в СНГ для проведения исследований с использованием новых индикаторов, таких как политическая стабильность, коррупция и глобальный финансовый кризис.Результаты исследования показывают, что специфические для банка индикаторы играют положительную и важную роль влияния на прибыльность банков, в то время как макроэкономические переменные играют отрицательную роль в объяснении прибыльности. Политическая стабильность в странах имеет нейтральное отношение к эффекту прибыльности банков.

Our purpose is to investigate how bank-specific, macroeconomic indicators and political stability in the country impact commercial banks’ profitability in CIS (Commonwealth of Independent States) countries during the period of 1991-2017.Methodology. To conduct empirical analysis, we applied feasible generalized least square (FGLS) method.The originality / value of the research is the contribution to the existing literature is twofold: first, to estimate profitability determinants we used broad range of years from 1991 to 2017, secondly, the application of FGLS model was employed for the first time to conduct the research in CIS region using new indicators such as political stability, corruption and global financial crisis dummy.Findings. Results of our empirical analysis state that some bank specific factors have positive and significant impact on profitability, while macroeconomic factors affect financial performance negatively. Political stability has no effect on profitability of banks in CIS countries.

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The authors declare that there are no conflicts of interest present.