TY - JOUR ID - 70021 TI - Investigating the Impact of Non-Banking Financial and Banking Commerce Activities Regulations on Their Liquidity in Developing Countries JO - Financial Research Journal JA - FRJ LA - en SN - 1024-8153 AU - Mazaheri, Tahmasb AU - Shirkavnd, Saeid AU - Jamali, Ali AD - Assistant Prof., Department of Finance and Insurance, Faculty of Management, University of Tehran, Tehran, Iran AD - Ph.D. Candidate, Department of Financial Management, Faculty of Management, University of Tehran, Tehran, Iran Y1 - 2018 PY - 2018 VL - 20 IS - 4 SP - 445 EP - 466 KW - Non-Banking activities restrictions KW - Non-banking financial activities KW - Commerce activities KW - liquidity KW - GMM DO - 10.22059/frj.2018.262674.1006704 N2 - Objective: The purpose of this study is to investigate the effect of the structure of regulations regarding non-banking activities on liquidity of the banking industry in 107 developing countries from 2000 to 2012. Methods: The dependent variable in this study is the ratio of cash assets and short-term investments on current deposits and short-term bank debts. While the independent variables include the limitation on non-banking financial activities and banks' commercial activities such as insurance, stock and real state and also investment in non-banking firms.. The effects of macroeconomic and industry-specific variables are also studied. Due to the changeable nature of the variables, dynamic analysis of panel data and the GMM method are used for data analysis. Results: The results showed that there is asignificantly positive relationship between commerce-finance-banking restrictions and banking liquidity. However, there is no significant relationship between regulation of capital market, insurance market and real state market and banking liquidity respectively.   Conclusion: The results of the present research showed that the more strict regulation of the non-bank financial activities, the more significantly positive effect on the liquidity situation of the banks. Besides, more stringent regulatory structure regarding banks commerce activities has a positive and significant relationship with liquidity.       UR - https://jfr.ut.ac.ir/article_70021.html L1 - https://jfr.ut.ac.ir/article_70021_d13fc86510f3db26079e086be3951533.pdf ER -