INTERNAL AUDIT IMPLICATIONS ON BANK PROFITABILITY. THE ROMANIAN CASE

Paula Terinte (), Mihaela Onofrei () and Bogdan Firtescu
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Paula Terinte: Doctoral School of Economics and Business Administration, University of Department of Finance, Money and Public Administration, Faculty of Economics and Business Administration, University of
Mihaela Onofrei: Department of Finance, Money and Public Administration, Faculty of Economics and Business Administration, University of

Annals of Faculty of Economics, 2016, vol. 1, issue 1, 790-799

Abstract: The aim of this paper is to determine the implications of the internal audit on bank profitability. We have conducted a Multiple Linear Regression Model using data from 15 Romanian commercial banks. The data used in our model is for a ten years period (2003-2012) as reported by the Bureau Van Dijk database and the annual reports of the banks from our sample. The result of fixed effects (within) regression suggests that fixed model is a better choice than ordinary least squares models for estimating influence on ROAA. The results showed that independent auditors and CEO duality (as dummy variables) influence (being statistically significant and having expected sign of coefficients) bank profitability regarding the commercial banks in Romania in the analyzed period of time.

Keywords: Audit; Financial Reporting; Bank Profitability. (search for similar items in EconPapers)
JEL-codes: G21 M48 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2016:i:1:p:790-799

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