عنوان مقاله [English]
In this study, the effect of the development of financial markets on the risk of the banking industry with three criteria (capital ratio, income variation and beta coefficient) has been investigated. due to statistical constraints, a set of 8 active banks in Tehran Stock Exchange has been investigated during the period of 2005-2015. for estimation purposes, the generalized least squares panel method (GLS) has been used. the results of the study indicate that the development of financial markets in two parts of the stock and bank increases the systemic risk of banks. also, the development of the stock index has a positive effect on the ratio of capital and increases the quality of banks' income. Foreign direct investment has increased the proportion of capital of the studied banks, and the degree of openness in the study period has reduced the systematic risk of the banking industry. Among the three criteria that indicate the performance of banks, including return on assets, return on equity and cost-to-income ratio, only return on equity has increased the quality and income diversity of the banks.