Document Type : Research Paper
Authors
1 Department of Financial Engineering, Islamshahr Branch, Islamic Azad University, Islamshahr, Iran.
2 Department of Economics, Islamshahr Branch, Islamic Azad University, Tehran, Iran.
3 Department of Financial Management, Islamshahr Branch, Islamic Azad University, Tehran, Iran.
Abstract
The aim of this research is to analyze the impact of banking fintech on the risk levels of selected banks listed on the Tehran Stock Exchange.The statistical population consists of 41 banks and credit institutions listed on the Tehran Stock Exchange, according to the latest report by the Central Bank of the Islamic Republic of Iran in May 2022. Using a systematic elimination method, and covering the period from 2019 to 2022, a sample of 8 banks was chosen. The results of hypothesis testing, based on the first and second models of the study (with Z-Score and business risk of the studied banks as the dependent variables, respectively), showed that in the first model, under the dynamic condition (with lag), the banking fintech variable does not have a significant effect on the risk management index of the selected banks. Additionally, it was found that in the non-lagged model, the fintech innovation variable, through improved operational performance, and the variable of operational revenues, as well as each bank’s share of total transaction values from mobile payment acceptance tools, significantly impact the risk management index. Other findings also showed that in both models, under both lagged and non-lagged conditions, variables related to each bank’s share of transaction values from mobile, POS, and internet payment acceptance tools, as well as fintech innovation variables related to improved operational performance and capital adequacy, do not significantly affect the risk management index of the selected banks listed on the Tehran Stock Exchange.
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