1.Abdollahi Poor, M.S., Botshekan, M.H. (2020). Solutions for Financial Restructuring in Iranian Banks. Journal of Asset Management and Financing, 8(4), 1-20. Doi: 10.22108/amf.2020.119436.1473 (In Persian)
2.Al-abedallat, A. Z. (2019). The Factors Affecting the Performance of the Jordanian Banks using Camels Model. European Journal of Scientific Research, (152)2, 116-127.
3.Aspal, P. K., Dhawan, S. (2014). Financial Performance Assessment of Banking Sector in India: A Case Study of Old Private Sector Banks. The Business & Management Review, (5)3, 196-211.
4.Bank for International Settlements, 79th Annual Report. (2009). BASEL,
5.Bear, T., Mehta, A., Samandari, H. (2011). The Use of Economic Capital in Performance Management for Banks: A Perspective. Working Paper on risk, McKinsey & Company.
6.Chlopec, P. T. (2013). RAROC as a Credit Risk Approach. The journal of Financial Science, (16)3, 64-76.
7.Cucinelli, D. (2015). The Impact of Non-Performing Loans on Bank Lending Behavior: Evidence from Italian Banking Sector, Eurasian Journal of Business and Economics, (8)16, 59-71.
8.Falkenstein, E. (1997). Accounting for Economic and Regulatory Capital in RAROC Analysis. Bank Accounting and Finance, (11)11, 1-11.
9.Fattahi, SH., Rezaei, M., Jahed, T. (2017). The Effect of Banking Soundness on the Profitability of Commercial Banks: Threshold Panel Regression Approach, Journal of Financial Management Strategy, 5(16), 29-50. (In Persian)
10 Frontczak, R. & Rostek, S. (2015). Modeling loss given default with stochastic collateral. Economic Modelling, (44), 162–170.
11.Han, C., Jang, Y. (2013). Effects of Debt Collection Practices on Loss Given Default. Journal of Banking and Finance, (37)1, 21-31.
12.Hosseini, SMH. Dehghan Dehnavi, MA. Ghorbanizadeh, V. Amiri, M. Rajayi baghsiyahi, M. Specification the model of effective variables on Iranian banking facilities with Delphi Method. Journal of financial management perspective, 21(1):115-131 (In Persian)
13.Instruction of Calculating the Supervisory Equity and Capital Adequacy Ratio of Credit Institutions. (2018). Central Bank of Iran. (In Persian)
14.Issavi, M. Tari, F. Ansari Samani, H. Amozad khalili, H. (2018). Investigate the Functional Appropriateness of Capital Ratios in Iranian Banks. Journal of financial management perspective, 21(8):95-113 (In Persian)
15.Kang, W. Y., Poshakwale, S. (2019). A New Approach to Optimal Capital Allocation for RAROC Maximization in Banks. Journal of Banking and Finance, (106), 153-165.
16.Khoshtinat, M., Alavi, S. N. (2017). Identification of Loss-Given-Default (LGD) Effective Factors by Using Tobit Regression Model (Case Study: Bank of Industry and Mine Corporate Clients). Journal of Islamic Finance and Banking Studies, 3 (5): 1-29 (In Persian)
17.Klaassen, P., Eeghen, I. V. (2015). Analyzing Bank Performance – Linking ROE, ROA and RAROC: U.S. Commercial Banks 1992-2014. The Journal of Financial Perspectives, (3)2, 1-22.
18.Loebnitz, K. (2012). Liquidity Risk meets Economic Capital and RAROC. (Unpublished doctoral dissertation). University of Twente, Netherlands.
19.Loterman, G., Brown, I., Martens, D., Mues, C. & Baesens, B. (2012). Benchmarking regression algorithms for loss given default modeling. International Journal of Forecasting, (28)1, 161–170.
20.Motamedi, P. (2012). Investigating the impact of CAMELS Measures on RAROC in Iran’s Banking Industry. M.A Thesis, (Unpublished doctoral dissertation). Accounting Department, Islamic Azad University Tehran North Branch, Iran. (In Persian)
21.Naimy, V. (2012). The RAROC as an Alternative Model of Analyzing the Lebanese Banks’ Performance and Capital Allocation. Journal of Business & Financial Affairs. 1(1), 1-5. DOI: 10.4172/2167-0234.1000101
22.Oztorul, G. (2011). Performance evaluation of banks and banking groups: Turkey case, M.S., Middle East technical university in Ankara, vol.4, no.5,1-18.
23.Padganeh, Y. (2014). Risk-Adjusted Return on Capital (RAROC) (GARP Working Paper No.1499114). Retrieved from
24.Ramezani, S.M., Khorashadizadeh, M., Mohammadi Yoshoo, E., (2017). Representing a model of evaluation and prediction of solvency of selected Iranian banks by CAMELS indicators. Journal of Economic Research and Policies, 25(2), 43-78. (In Persian)
25.Roman, A. Sargu, A. C. (2013). Analyzing the Financial Soundness of the Commercial Banks in Romania: An Approach Based on the CAMELS Framework. Procedia Economics and Finance, (6), 703-712.
26.Rostami, M. (2015). CAMELS Analysis in Banking Industry. Global Journal of Engineering Science and Research Management, (11)2, 10-26.
27.Saha, A., Ahmad, N. H., Yeok, S. G. (2016). Evaluation of Performance of Malaysian Banks in Risk Adjusted Return Capital (RAROC) and Economic Value Added (EVA) Framework. Journal of Accounting and Finance, (12)1, 25-47.
28.Sahmani, M.A., Bidari, M.A., Asadi, A., Mohebbi, S. (2019). Risk Management in Financial Institutions: The application of RAROC Model. In Proceedings of the 30th Conference of Islamic Banking, 31 August 2019 (pp. 141-164). Tehran, Iran. (In Persian)
29.Schuermann, T. (2004). What do we know about loss given default? Wharton Financial Institutions Center, Working Paper, No. 04-01.
30.Sharma, V.K. (2017). Performance evaluation of state bank of India and its associate banks through camel analysis, International Journal of Research in Commerce & Management, 8(3):84-91.
31.Sepehrdoust, H. Berjisian, A. (2014). Estimation of Bank Credit Refunding Failure Using Logit Regression.The Journal of Planning and Budgeting. 19 (1):52-31. (In Persian)
32.Soudani, A. (2017). Ranking of Iranian Banks Based on the CAMELS International Indicators. Journal of Monetary and Banking Research. 10(31): 141-171. (In Persian)
33.Tehrani, R. Bigdelo, J. (2020). Investigating the Role of Financial Intermediation in Member Banks of Tehran Stock Exchange and Its Effective Factors. Journal of financial management perspective, 29(1):39-64. (In Persian)
34.Tomuleasa, I. I. (2019). Performance and Soundness of European Banking Systems, HAL. Retrieved from https://tel.archives-ouvertes.fr/tel-02067868/document