THE DETERMINANTS OF THE TUNISIAN BANKING INDUSTRY PROFITABILITY: PANEL EVIDENCE

摘要: This paper investigates the impact of bank’s characteristics, financial structure and macroeconomic indicators on net interest margins profitability in Tunisian banking industry for 1980-2000 period. First, individual bank characteristics explain a substantial part within-country variation profitability. High margin tend to be associated with banks that hold relatively high amount capital, large overheads. Other important internal determinants loans which have positive significant impact. The size has mostly negative coefficients margins. latter result may simply reflect scale inefficiencies. Second, finds macro-economic such inflation growth rates no Third, turning its profitability, we find concentration is less beneficial commercial than competition. Stock market development effect reflects complementarities between stock growth. We found disintermediation system favourable sector