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Liquidity Creation and Bank Performance of Syrian Banks before and during the Syrian War

by Ahmad Sahyouni 1,* and Man Wang 2
1
Higher Institute for Administrative Development, Damascus University, 0100 Damascus, Syria
2
China Internal Control Research Center, Dongbei University of Finance and Economics, Dalian 116025, China
*
Author to whom correspondence should be addressed.
Int. J. Financial Stud. 2019, 7(3), 40; https://doi.org/10.3390/ijfs7030040
Received: 28 June 2018 / Revised: 11 April 2019 / Accepted: 10 July 2019 / Published: 12 July 2019
This paper estimates the amount of liquidity created by Syrian banks between 2004 and 2016, and further investigates the effect of liquidity creation on bank performance, controlling for a set of bank-level, industry-level, and macroeconomic variables. The findings show bank liquidity creation improved during the pre-war period and showed positive figures, but started to decline sharply during wartime. The results also show a negative relationship between liquidity creation and bank profitability (return on assets) during wartime; however, this relationship was insignificant before the war. Finally, this study conducted robustness checks to confirm its findings. View Full-Text
Keywords: liquidity creation; bank performance; Syria; war; instrumental variable liquidity creation; bank performance; Syria; war; instrumental variable
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Sahyouni, A.; Wang, M. Liquidity Creation and Bank Performance of Syrian Banks before and during the Syrian War. Int. J. Financial Stud. 2019, 7, 40.

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