THE IMPACT OF IPOs ON THE PROFITABILITY OF COMMERCIAL BANKS IN MONGOLIA

Authors

  • Oyuntsetseg Dorjpalam Business School, National University of Mongolia
  • Nomintuul Munkhbat Business School, National University of Mongolia
  • Otgonsuren Gotov Business School, National University of Mongolia

DOI:

https://doi.org/10.22353/jbai.2026120101

Keywords:

Initial Public Offering (IPO), commercial banks, profitability, panel data regression, paired sample Т-test

Abstract

This study examined the impact of IPOs on the profitability of commercial banks in Mongolia. The empirical analysis was conducted based on the financial statement data of commercial banks that had undergone IPOs. The performance of the banks before and after the IPO was comparatively analyzed using a paired sample t-test and panel data regression methods. The findings of the study indicate that IPOs have mixed effects on bank profitability. Specifically, IPOs were found to have a positive effect on return on assets (ROA) and return on equity (ROE). However, no statistically significant changes were observed in net interest margin (NIM) and net profit margin (NPM), suggesting that IPOs do not directly affect banks’ interest income-generating activities.

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Published

2026-05-21

How to Cite

Dorjpalam, O., Munkhbat, N., & Gotov, O. (2026). THE IMPACT OF IPOs ON THE PROFITABILITY OF COMMERCIAL BANKS IN MONGOLIA. Journal of Business and Innovation (Бизнес & Инноваци), 12(1), 5–18. https://doi.org/10.22353/jbai.2026120101

Issue

Vol. 12 No. 1 (2026): Бизнес ба Инноваци

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.