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Internal Audit Implications On Bank Profitability. The Romanian Case

Author

Listed:
  • 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)

  • Bogdan Firtescu

    (Department of Finance, Money and Public Administration, Faculty of Economics and Business Administration, University of)

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.

Suggested Citation

  • Paula Terinte & Mihaela Onofrei & Bogdan Firtescu, 2016. "Internal Audit Implications On Bank Profitability. The Romanian Case," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 790-799, July.
    • Handle: RePEc:ora:journl:v:1:y:2016:i:1:p:790-799
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    File URL: http://anale.steconomiceuoradea.ro/volume/2016/n1/77.pdf
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    Citations

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    Cited by:

    1. Olukayode Ezekiel Ibironke & Ndubuisi Ikechi Elewor, 2020. "The Role of Internal Audit and Control on Organizational Objective Achievement," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(5), pages 257-264, May.
    2. Serhat Yüksel & Shahriyar Mukhtarov & Elvin Mammadov & Mustafa Özsarı, 2018. "Determinants of Profitability in the Banking Sector: An Analysis of Post-Soviet Countries," Economies, MDPI, vol. 6(3), pages 1-15, July.

    More about this item

    Keywords

    Audit; Financial Reporting; Bank Profitability.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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