financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2023-27-6-67-78finance-2512Research ArticleБАНКОВСКИЙ СЕКТОРBANK SECTORВлияние институциональной среды на просроченные кредиты банков: доказательства из стран БРИКСImpact of Institutional Environment on Banks’ Non-Performing Loans: Evidence from BRICS Countrieshttps://orcid.org/0000-0002-7634-4403ГоялШ.GoyalS.

Шикха Гоял — PhD, доцент 

Нойда 

Shikha Goyal — PhD, Assist. Prof

Noida 

shikhagoyal.sg94@gmail.comhttps://orcid.org/0000-0002-0700-8086СингхалН.SinghalN.

Никита Сингхал — PhD, доцент 

Мират 

Nikita Singhal — PhD, Assist. Prof. 

Meerut 

nikitagoyal.nikki@gmail.comhttps://orcid.org/0000-0001-9520-9859ПросадДж. М.ProsadJ. M.

Джая Мамта Просад — PhD, доцент

Дели 

Jaya Mamta Prosad — PhD, Assist. Prof. 

Delhi 

jmprosad@amity.eduhttps://orcid.org/0000-0001-9725-9761МишраН.MishraN.

Нандита Мишра — PhD, сертифицированный бухгалтер управления, старший преподаватель, факультет менеджмента и инженерии

 Линчепинг 

Nandita Mishra — PhD & CMA, Universitets lektor — Språk, Department of Management and Engineering

 Linkoping 

saanvinandita@gmail.comЮридическая школа ЭмитиИндияAmity Law School, AUUPIndiaИндийский Университет Управления и ТехнологийИндияIIMT UniversityIndiaИнститут международного бизнеса «Фортуна»ИндияFortune Institute of International BusinessIndiaУниверситет ЛинчепингаШвецияLinkoping UniversitySweden2023281220232766778Copyright © Гоял Ш., Сингхал Н., Просад Д., Мишра Н., 20232023Гоял Ш., Сингхал Н., Просад Д., Мишра Н.Goyal S., Singhal N., Prosad J., Mishra N.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/2512

В данной работе проводится анализ движущих сил просроченных кредитов (NPL) и влияния институциональной и бизнес-среды на кредитные риски банков стран БРИКС. Цель исследования — определить взаимосвязь между банковскими, макроэкономическими и институциональными факторами просроченных кредитов банков на уровне стран БРИКС за период 1996–2020 гг. Для этого использован панельный ARDL-подход. Для проверки гипотезы о взаимосвязи между экономическим развитием и просроченными кредитами применен тест Грэнджера на причинность. Панельные коинтеграционные тесты проверяют наличие долгосрочной связи между двумя переменными. Результаты исследования показали, что снижение доли просроченных кредитов связано с повышением таких показателей эффективности, как Z-score. Поскольку в результате более высокого уровня финансового развития и/или финансового посредничества банковская отрасль располагает большими ресурсами, объем просроченных кредитов снижается. Наконец, наше исследование показывает, насколько важным является институциональная среда для повышения качества банковского кредитования. Сделан вывод, что низкий уровень просроченных кредитов в странах БРИКС в значительной степени связан с более эффективной борьбой с коррупцией, жесткими нормами регулирования, более активным применением принципа верховенства закона, свободой слова и подотчетности.

The drivers of non-performing loans (NPL) and the possible effects of the institutional and business environments on the credit risk exposure of banks in the panel of BRICS countries and segregated models are analyzed in this paper. The purpose of the study is to identify the relationship between banking, macroeconomic and institutional factors of non-performing loans of banks at the BRICS level for the period 1996–2020. The panel ARDL approach is used for this purpose. The Panel Granger causality test is applied to verify the hypothesis of the relationship between economic development and NPLs. Panel co-integration tests examine the existence of a long-term link between the same two variables. The results of the study demonstrated that a decrease in the proportion of NPLs results from boosting performance metrics like the Z-score. Because the banking industry has more resources as a result of higher financial development and/or financial intermediation, the amount of NPLs is reduced. Finally, our study demonstrates how important the institutional environment is for raising the quality of bank credit. It was concluded that the low level of NPLs in BRICS countries was largely linked to more effective anti-corruption management, robust regulatory standards, increased application of the rule of law, freedom of speech and accountability.

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