SỐ 212 | Tháng 11/2023
Các yếu tố quyết định hiệu quả của các tổ chức tài chính phi ngân hàng: Bằng chứng thực nghiệm từ Bangladesh
Mohammad Mizenur Rahman, Syed Mohammad Khaled Rahman, Sakib Ahmed
Tóm tắt:
Mục đích - Mục đích của nghiên cứu này là đánh giá tác động của một số đặc điểm bên trong ảnh hưởng đến hiệu quả của các tổ chức tài chính phi ngân hàng (NBFI) ở Bangladesh.
Thiết kế/phương pháp/cách tiếp cận - Nghiên cứu đã chọn ra 15 NBFI được niêm yết trên Sở giao dịch chứng khoán Dhaka (DSE) hàng đầu theo phương pháp lấy mẫu có mục đích. Thời gian nghiên cứu từ năm 2016 đến năm 2020. Dữ liệu thứ cấp được thu thập từ các báo cáo thường niên. Tỷ lệ chi phí trên thu nhập là một biến phụ thuộc được sử dụng làm đại diện cho hiệu quả hoạt động. Kỹ thuật hồi quy bình phương tối thiểu thông thường được áp dụng để đo lường tác động của các yếu tố đặc thù của công ty đến hiệu quả.
Những phát hiện - Kết quả cho thấy số lượng nhân viên, số chi nhánh, quy mô doanh nghiệp và tỷ lệ tiền gửi có tác động đáng kể đến hiệu quả ở mức 5%. Số lượng chi nhánh và nhân viên cho thấy tác động tiêu cực, trong khi quy mô doanh nghiệp và tỷ lệ tiền gửi cho thấy tác động tích cực đến hiệu quả của doanh nghiệp. Tỷ lệ tiền gửi có mối tương quan nghịch vì chi phí lãi tiền gửi được bù đắp nhiều hơn bằng việc tạo ra thu nhập từ lãi thông qua việc chuyển đổi tiền gửi thành khoản vay.
Ý nghĩa thực tiễn - Nghiên cứu này có ý nghĩa thực tiễn và chính sách đối với các nhà quản lý, nhân viên, cổ đông, người gửi tiền, khách hàng, cơ quan quản lý và chính phủ của NBFI vì việc nâng cao hiệu quả sẽ mang lại sự lành mạnh về tài chính.
Tính nguyên bản/giá trị - Nghiên cứu này làm sáng tỏ một số yếu tố cụ thể của công ty có thể được thay đổi để tăng hiệu quả hoạt động hoặc giảm tỷ lệ chi phí trên thu nhập. Điểm mới của nghiên cứu này là nó đã xác định được một số mối liên hệ quan trọng giữa các yếu tố cụ thể của công ty và hiệu quả hoạt động của NBFI.
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Determinants of Efficiency of Non-Bank Financial Institutions: An Empirical Evidence from Bangladesh
Abstract:
Purpose - The purpose of this study is to evaluate the effect of some internal features that influence the efficiency of non-bank financial institutions (NBFIs) in Bangladesh.
Design/methodology/approach - The study selected the top 15 Dhaka Stock Exchange (DSE)-listed NBFIs according to purposive sampling. The study period was from 2016 to 2020. Secondary data were collected from annual reports. The cost-to-income ratio was a dependent variable that was used as a proxy of operational efficiency. The ordinary least square regression technique was applied to measure the impact of firm-specific factors on efficiency.
Findings - Results showed that number of employees, branch number, firm size and deposit ratio have a significant effect on efficiency at 5% level. The number of branches and employees showed a negative impact, whereas firm size and deposit ratio showed a positive effect on the firms' efficiency. The deposit ratio is negatively related because deposit interest expenses were more than offset by interest income generation through the conversion of deposits into loans.
Practical implications - The study has practical and policy implications on NBFIs' managers, employees, shareholders, depositors, clients, regulatory authorities and government as efficiency enhancement would bring financial soundness.
Originality/value - This study shed light on some firm-specific factors that can be changed to increase operational efficiency or reduce the cost-to-income ratio. The novelty of the study is that it identified some significant associations between firm-specific factors and the operational efficiency of NBFIs.