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2016 | 24 | nr 1 | 46--63
Tytuł artykułu

Determinants of Banks' Performance : the Case of ROE Of G-SIBs in Central, Eastern and South-Eastern Europe

Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Purpose: The goal of the paper is to analyse the determinants of the level of ROE (return on equity) for two groups of banks, interrelated by capital links, and their banking sectors.

Methodology: For the case study, we chose companies that, in 2011-2013, were designated by the Financial Stability Board as global systemically important banks (G-SIBs) and their subsidiaries operating in Central, Eastern and Southeastern Europe (CESEE) as well as their banking sectors. We sought to identify differences in the performance drivers, taking into account bank-specific and country- (or sector-) specific factors.

Findings: We found no significant differences in the level of ROE among the analysed groups; however, we identified a different set of determinants and their impact on ROE. (original abstract)
Rocznik
Tom
24
Numer
Strony
46--63
Opis fizyczny
Twórcy
  • Warsaw School of Economics, Poland
  • Warsaw School of Economics, Poland
Bibliografia
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  • Athanasoglou, P., Brissimis, S. and Delis, M. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of International Financial Markets, Institutions and Money, 18(2): 121-136, http://dx.doi.org/10.1016/j.intfin.2006.07.001
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  • Brissimis, S., Delis, M. and Papanikolaou, N. (2008). Exploring the nexus between banking sector reform and performance: Evidence from newly acceded EU countries. Journal of Banking and Finance, 32(12): 2674-2683, http://dx.doi.org/10.1016/j.jbankfin.2008.07.002
  • Claessens, S., Demirguc-Kunt, A. and Huizinga, H. (2001). How does foreign entry affect domestic banking markets? Journal of Banking and Finance, 25(5): 891-911.
  • Claeys, S. and Vander Vennet, R. (2008). Determinants of bank interest margins in Central and Eastern Europe: A comparison with the West. Economic Systems, 32(2): 197-216, http://dx.doi.org/10.1016/j.ecosys.2007.04.001
  • Cull, R. and Martínez Pería, M. (2013). Bank ownership and lending patterns during the 2008-2009 financial crisis: Evidence from Latin America and Eastern Europe. Journal of Banking and Finance, 37(12): 4861-4878, http://dx.doi.org/10.1016/j.jbankfin.2013.08.017
  • Davidson, R. and MacKinnon, G. (1993). Estimation and Inference in Econometrics. New York: Oxford University Press.
  • Hagendorff, J., Keasey, K. and Vallascas, F. (2012). Systemic size, bank risk and systemic crises (September 1), http://ssrn.com/abstract=2181926
  • Havrylchyk, O. and Jurzyk, E. (2011a). Inherited or earned? Performance of foreign banks in Central and Eastern Europe. Journal of Banking and Finance, 35(5): 1291-1302.
  • Havrylchyk, O. and Jurzyk, E. (2011b). Profitability of foreign banks in Central and Eastern Europe. Economics of Transition, 19(3): 443-472, http://dx.doi.org/10.1016/j.jbankfin.2010.10.007
  • Hoechle, D. (2007). Robust standard errors for panel regressions with cross-sectional dependence. Stata Journal, 7: 281-312.
  • Hryckiewicz, A. (2014). Anatomia kryzysów bankowych. Warszawa: Poltext.
  • Iwanicz-Drozdowska, M. (2014). Global Systemically Important Banks - how to identify and regulate them? Journal of Economics and Management, 18: 146-158.
  • Iwanicz-Drozdowska, M. (ed.) (2002). Kryzysy bankowe. Przyczyny i rozwiązania. Warszawa: PWE/BFG.
  • Koutsomanoli-Filippaki, A., Margaritis, D. and Staikouras, C. (2009). Efficiency and productivity growth in the banking industry of Central and Eastern Europe. Journal of Banking and Finance, 32(3): 557-567, http://dx.doi.org/10.1016/j.jbankfin.2008.09.009
  • Lensink, R., Meesters, A. and Naaborg, I. (2008). Bank efficiency and foreign ownership: Do good institutions matter? Journal of Banking and Finance, 32(5): 834-844, http://dx.doi.org/10.1016/j.jbankfin.2007.06.001
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Typ dokumentu
Bibliografia
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