Öz
Kaynakça
- • Aboagye,Q., Akoena, T., Antwi, A and Gockel A.F. (2008). Explaining Interest Rate Spreads in Ghana, African Development Review, 20( 3), 378- 399.
- • Central Bank of Kenya (2012). Bank Supervision Annual Report, CBK Chou, W. (2000),
- • Cihak , M. (2004), ‘The Determinants of Lending Rates and Domestic Spreads in Croatia’, In Republic of Croatia:
- • Gambacorta, L. (2004). How Banks Set Interest Rates? National Bureau of Economic Research Working Paper 10295, Cambridge.
- • Gardner, M., Mills, D. and Cooper Man, E. (2005). Managing Financial Institution 5th Edition. McGraw-Hill Higher Education.
- • Goldstein, M., and Turner, P., (1996) Banking Crisis in Emerging Economies: Origins and Policy Options, Bank for International Settlements (BIS) Economic Papers No. 46
- • Godlewski C. J. & Ziane, Y. (2008), “How Many Banks Does it Take to Lend? Empirical Evidence from Europe,Working Paper, Laboratoire de Recherche en Gestion & Economie
- • Fofack (2005), ‘Nonperforming loans in Sub-saharan Africa: Causal Analysis and Macroeconomic Implications. World bank policy research working paper No. 3769, SSRN
- • Margarida, A. and Mendes, V. (2000). What financial systems for the year 2000. Paperback. Principia.
- • Mugenda, O.M & mugenda, A.G (2003) Research Methods, Quantitative and Qualitative Approahes, Act press, Nairobi
- • Mutai, P. (2000). The Influence of Interest Rates on the Profitability of CBs. Unpublished MBA Project, University of Nairobi.
- • Mucugu W.J. (2012) Determinants of interest rates in micro finance Institutions in Kenya. Unpublished MBA project, University of Nairobi.
- • Oso,W.Y. and Onen,D. (2009). “Writing Research Proposal and Report: A handbook for beginning researchers“(Revised Edition). Kenya: The Jomo Kenyatta Foundation
- • Reddy, K., (2002), a comparative study on NPLs in India in the Global Context
- • Salloum, A. and Hayek, J. (2012). Analyzing the Determinants of Commercial Bank Profitability in Lebanon, International Research Journal of Finance and Economics, Issue. 93
- • Sargent, T. J., and Wallace N., (1975). “Rational Expectations, the Optimal Monetary Instrument and the Optimal Money Supply Rule” Journal of Political Economy, 83, pp 241-255.
- • Wolfson (1996) Estimation in the multipath.change point problem for correlated data, The Canadian Journal of Statistics Vol. 24 No. 1, 37-53
- • Siddiqui, M. A. (2012). Towards Determination of Interest Spread of CBs: Empirical Evidences from Pakistan, African Journal of Business Management. 6 (5), 1851 – 1862.
- • Smithin, J. (2003) Controversies in Monetary Economies- Revised Edition, Northampton Edward Elgar Publishing Ltd.
- • Tennant, D. (2006). Are Interest Rate Spreads in Jamaica too Large? Views from within the Financial Sector. Social and Economic Studies.
- • Staudinger, S. (2002). “Optimal Monetary Policy and Term Structure Of Interest Rates: A Note,” Journal of Economic Studies Vol. 29 No 2 pp. 98-108.
- • Stiglitz, J. E., and Weiss, A. (2001). Credit Rationing in Markets with Imperfect Information, American Economic Review, June, 393-410.
- • Thakor (1996), “Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence”, The Journal of Finance, Vol. 51, No. 1, pp. 279-324.
- • Wambua, J. (2006). The Casual Relationship between Interest Rates & Foreign
Öz
The high interest rates charged by many commercial banks have attracted the attention of policy makers throughout the world. The commercial banks lending interest rates is a key indicator of the marginal cost of short-term and long-term external funding in an economy and provides useful information about developments in the average cost of borrowing. Various theories have been put across to address this issue. This paper examines the relationship between operational cost and lending interest rates of commercial banks (CBs) in Kenya. The study employed a descriptive research design. A study on a sample size of 34 commercial banks was undertaken. Secondary data was collected for the year 2013 from financial statements of the commercial banks and the NSE handbook. Primary data was collected by use of semi-structured questionnaires. The findings of the study indicated that the operational costs had a significant positive influence on the lending interest rates of CBs in Kenya.
Kaynakça
- • Aboagye,Q., Akoena, T., Antwi, A and Gockel A.F. (2008). Explaining Interest Rate Spreads in Ghana, African Development Review, 20( 3), 378- 399.
- • Central Bank of Kenya (2012). Bank Supervision Annual Report, CBK Chou, W. (2000),
- • Cihak , M. (2004), ‘The Determinants of Lending Rates and Domestic Spreads in Croatia’, In Republic of Croatia:
- • Gambacorta, L. (2004). How Banks Set Interest Rates? National Bureau of Economic Research Working Paper 10295, Cambridge.
- • Gardner, M., Mills, D. and Cooper Man, E. (2005). Managing Financial Institution 5th Edition. McGraw-Hill Higher Education.
- • Goldstein, M., and Turner, P., (1996) Banking Crisis in Emerging Economies: Origins and Policy Options, Bank for International Settlements (BIS) Economic Papers No. 46
- • Godlewski C. J. & Ziane, Y. (2008), “How Many Banks Does it Take to Lend? Empirical Evidence from Europe,Working Paper, Laboratoire de Recherche en Gestion & Economie
- • Fofack (2005), ‘Nonperforming loans in Sub-saharan Africa: Causal Analysis and Macroeconomic Implications. World bank policy research working paper No. 3769, SSRN
- • Margarida, A. and Mendes, V. (2000). What financial systems for the year 2000. Paperback. Principia.
- • Mugenda, O.M & mugenda, A.G (2003) Research Methods, Quantitative and Qualitative Approahes, Act press, Nairobi
- • Mutai, P. (2000). The Influence of Interest Rates on the Profitability of CBs. Unpublished MBA Project, University of Nairobi.
- • Mucugu W.J. (2012) Determinants of interest rates in micro finance Institutions in Kenya. Unpublished MBA project, University of Nairobi.
- • Oso,W.Y. and Onen,D. (2009). “Writing Research Proposal and Report: A handbook for beginning researchers“(Revised Edition). Kenya: The Jomo Kenyatta Foundation
- • Reddy, K., (2002), a comparative study on NPLs in India in the Global Context
- • Salloum, A. and Hayek, J. (2012). Analyzing the Determinants of Commercial Bank Profitability in Lebanon, International Research Journal of Finance and Economics, Issue. 93
- • Sargent, T. J., and Wallace N., (1975). “Rational Expectations, the Optimal Monetary Instrument and the Optimal Money Supply Rule” Journal of Political Economy, 83, pp 241-255.
- • Wolfson (1996) Estimation in the multipath.change point problem for correlated data, The Canadian Journal of Statistics Vol. 24 No. 1, 37-53
- • Siddiqui, M. A. (2012). Towards Determination of Interest Spread of CBs: Empirical Evidences from Pakistan, African Journal of Business Management. 6 (5), 1851 – 1862.
- • Smithin, J. (2003) Controversies in Monetary Economies- Revised Edition, Northampton Edward Elgar Publishing Ltd.
- • Tennant, D. (2006). Are Interest Rate Spreads in Jamaica too Large? Views from within the Financial Sector. Social and Economic Studies.
- • Staudinger, S. (2002). “Optimal Monetary Policy and Term Structure Of Interest Rates: A Note,” Journal of Economic Studies Vol. 29 No 2 pp. 98-108.
- • Stiglitz, J. E., and Weiss, A. (2001). Credit Rationing in Markets with Imperfect Information, American Economic Review, June, 393-410.
- • Thakor (1996), “Capital Requirements, Monetary Policy, and Aggregate Bank Lending: Theory and Empirical Evidence”, The Journal of Finance, Vol. 51, No. 1, pp. 279-324.
- • Wambua, J. (2006). The Casual Relationship between Interest Rates & Foreign
Ayrıntılar
| Bölüm | Articles |
|---|---|
| Yazarlar | |
| Yayımlanma Tarihi | 29 Eylül 2015 |
| Yayımlandığı Sayı | Yıl 2015 Cilt: 4 Sayı: 3 |
Journal of Business, Economics and Finance (JBEF) is a scientific, academic, double blind peer-reviewed, quarterly and open-access journal. The publication language is English. The journal publishes four issues a year. The issuing months are March, June, September and December. The journal aims to provide a research source for all practitioners, policy makers and researchers working in the areas of business, economics and finance. The Editor of JBEF invites all manuscripts that that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JBEF charges no submission or publication fee.
Ethics
Policy - JBEF applies the standards of
Committee on Publication Ethics (COPE). JBEF is committed to the academic
community ensuring ethics and quality of manuscripts in publications.
Plagiarism is strictly forbidden and the manuscripts found to be plagiarized
will not be accepted or if published will be removed from the publication. Authors
must certify that their manuscripts are their original work. Plagiarism,
duplicate, data fabrication and redundant publications are forbidden. The
manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).
Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.