caerCentral Asian Economic ReviewCentral Asian Economic Review2789-43982789-4401Университет Нархоз10.52821/2789-4401-2023-2-153-164caer-824Research ArticleИНВЕСТИЦИИ, ФИНАНСЫ И УЧЕТINVESTMENT, FINANCE AND ACCOUNTINGВлияние пандемии COVID-19 на финансовую стабильность банковской отрасли: на примере стран Евразийского экономического союзаThe effect of the COVID19 pandemic on the financial stability of the banking industry: the case of Eurasian Economic Union countrieshttps://orcid.org/0000-0003-2958-2780УтароваГ.UtarovaG.

Алматы

Guldana Utarova - Master Student, Bang College of Business, KIMEP University.

Almaty

guldana.utarova@kimep.kzhttps://orcid.org/0000-0002-0212-0538ФайзулаевА.FaizulayevA.

Алматы

Alimshan Faizulayev - PhD, Research Director, Bang College of Business, KIMEP University.

Almaty

a.faizulayev@kimep.kzУниверситет КИМЭПКазахстанKIMEP UniversityKazakhstan20232207202302153164Copyright © Утарова Г., Файзулаев А., 20232023Утарова Г., Файзулаев А.Utarova G., Faizulayev 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/824

Цель исследования - выявить влияние банковских и макроэкономических переменных на стабильность банковского сектора на примере стран Евразийского экономического союза. Для этого были использованы база данных KASE и база данных Всемирного банка. Данные получены от 10 коммерческих банков стран Евразийского экономического союза (России, Белоруссии, Казахстана, Киргизии, Азербайджана и Армении) за период 2016-2021 гг.

Методология представляет собой модель стандартной ошибки с панельной коррекцией (PCSE) для наблюдения за отношением зависимых и независимых переменных. Z-показатель Альтмана используется как индикатор финансовой устойчивости. Рентабельность активов (ROA) - показатель прибыльности компании.

Оригинальность исследования заключается в сравнении факторов, влияющих на устойчивость и прибыльность банковской отрасли стран Евразийского экономического союза.

Результаты оценки исследования показывают, что специфические для банка и макроэкономические факторы сильно влияют на финансовую стабильность в банковском секторе. Например, качество активов и борьба с коррупцией существенно и отрицательно связаны со стабильностью банков. С другой стороны, рентабельность активов (ROA), размер банка, политическая стабильность и фиктивное влияние времени на стабильность банковской системы являются положительными и статистически значимыми.

The purpose of research is to identify the influence of bank-specific and macroeconomic variables on banking sector stability in the case of Eurasian Economic Union countries. For this purpose, it uses KASE and World Bank Database. The data was received from 10 commercial banks of the Eurasian Economic Union countries (Russia, Belarus, Kazakhstan, Kyrgyzstan, Azerbaijan, and Armenia) that cover the period 20162021.

Methodology is the panel corrected standard error model (PCSE) to observe the relation of dependent and independent variables. Altman Z-score is used as an indicator of financial stability. Return of assets (ROA) is an indicator of company profitability.

The originality / value of the research is a comparison of the factors that influence the stability and profitability of the banking industry in Eurasian Economic Union countries.

The estimation findings of the research indicate that bank-specific and macroeconomic strongly impact the financial stability in the banking sector. For example, asset quality and corruption control are significantly and negatively related with banks' stability. On the other hand, return on assets (ROA), bank size, political stability, and time dummy effect on the stability of the banking system are positive and statistically significant.

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