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Three-Dimensional Analysis of Bank Profit with the Development of Regulatory Restrictions: Evidence from Egypt

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  • Ashraf Helmy
  • Osama Wagdi

Abstract

This article addresses the direct taxation on banks¡¯ profits in Brazil and tests the influence of net fiscal adjustment (NFA) on direct tax on profit (DTP) by introducing the marginal effect of direct taxation (MgET). Measuring DTP is a complex process that involves adjustments in fiscal accounting procedures to recognize economic transactions by using specific standards. Besides fulfilling the objectives of identifying recognized direct tax (RT) and calculating NFA, MgET is identified by the algebraic sign of NFA, which is the sufficient, necessary and only condition to evaluate the existence of cash synergy/entropy in firms, with the reduction/increase of DTP. By using a sample containing data from the 40 biggest banks in Brazil, from 2010 to 2017, under the positivist methodology, the research results are strongly robust in indicating that NFA has a significant impact on DTP and on MgET, producing cash synergy.

Suggested Citation

  • Ashraf Helmy & Osama Wagdi, 2019. "Three-Dimensional Analysis of Bank Profit with the Development of Regulatory Restrictions: Evidence from Egypt," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(3), pages 12-31, March.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:3:p:12-31
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    File URL: http://www.ccsenet.org/journal/index.php/ijef/article/view/0/38496
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    Cited by:

    1. Mohamed Samy ElDeeb & Yasser Tawfik Halim & Esmat Mostafa Kamel, 2021. "The pillars determining financial inclusion among SMEs in Egypt: service awareness, access and usage metrics and macroeconomic policies," Future Business Journal, Springer, vol. 7(1), pages 1-19, December.

    More about this item

    Keywords

    cash synergy and entropy; Direct tax on profit (DTP); Marginal effect of direct tax on profit (MgET); Net fiscal adjustment (NFA);
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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