armenian-bank-roe-shapley
iskan016-source/armenian-bank-roe-shapley
Shapley decomposition of ROE drivers across Armenian banks, 2022–2025
Summary
A Python research and data-analysis project that decomposes drivers of return on equity across Armenian commercial banks using Shapley/LMG regression variance shares. It replicates a cited paper, extends the analysis to 2022–2025 with hand-collected IFRS annual-report data, includes robustness checks such as leave-one-bank-out jackknife tests, and presents results on leverage, net interest margin, fee income, cost efficiency, provisioning, and trading/FX income.