Publication Details
Journal: Central Asian Journal of Innovations on Tourism Management and Finance
Issue: Vol 7, No 4 (2026)
Pages: 475-482
ISSN: 2660-454X
Check on Google Scholar DOI: 10.51699/y2n1ck05 Visit Article Page

Abstract

This article analyzes the internal and macroeconomic factors affecting the efficiency (ROA) of Uzbekistan's commercial banks using the Autoregressive Distributed Lag (ARDL) model. Based on monthly data for 2020–2025 (72 observations), the effects of capital adequacy, the share of non-performing loans, bank size, inflation and liquidity are estimated. The bounds testing results confirmed the existence of long-run cointegration. According to the long-run equation, non-performing loans were identified as the factor with the strongest negative effect on ROA.

Keywords
Commercial banks ROA ARDL model bounds testing cointegration error correction model (ECM) capital adequacy non-performing loans liquidity
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