中欧和东欧银行财务绩效的决定因素

Business and Economic Horizons Pub Date : 2018-01-01 DOI:10.15208/BEH.2018.37

Roger Antoun, A. Coşkun, Bojan Georgievski

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引用次数: 24

摘要

本研究的目的是调查银行特定的、行业特定的和宏观经济的决定因素，银行的财务业绩在中欧和东欧国家。为此，我们首先根据文献中的发现确定了影响性能的因素。我们基于CAMEL比率构建了一个财务绩效指数(FPI)，然后在上述决定因素上运行计算指数。在分析中，我们使用了2009-2014年期间的不平衡面板数据，这些数据收集自Bankscope数据库、世界发展指标和金融结构与发展数据集。我们使用固定效应面板回归进行了实证分析。我们的研究结果表明，银行的资产质量和收益受到规模的负向影响，并受到业务组合和通货膨胀的积极影响。资本充足率和流动性受规模的负向影响，而受银行集中度和经济增长的正向影响。

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Determinants of financial performance of banks in Central and Eastern Europe

The aim of this study is to investigate the bank-specific, industry-specific, and macroeconomic determinants of the financial performance of banks in Central and Eastern European Countries. For this purpose, first we determined the factors affecting performance, based on findings in the literature. We constructed a financial performance index (FPI) based on CAMEL ratios and then ran the computed index on the aforementioned determinants. In the analysis, we used unbalanced panel data covering the period 2009–2014, which were collected from from the Bankscope database, World Development Indicators, and the Financial Structure and Development Dataset. We conducted an empirical analysis using fixed-effect panel regression. Our results suggest that the asset quality and earnings of banks are negatively affected by size, and positively affected by business mix and inflation. Capital adequacy and liquidity were found to be negatively affected by size and positively affected by bank concentration and economic growth.

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Business and Economic Horizons ECONOMICS-

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期刊介绍： The Business and Economic Horizons (BEH) is an international peer-reviewed journal that publishes high quality theoretical, empirical, and review papers covering the broad spectrum of research in areas of economics, business, management, and finance. The journal aim is to bridge the gap between the theory and the observed data in these constantly developing domains. BEH Editorial Board welcomes the high-quality original research articles and review papers that verify the well-grounded and the emerging theories by employing the econometric, statistical methods or other relevant empirical methods in theoretical and applied economic analysis. BEH does not discriminate articles utilizing the non-mainstream approaches such as experimental research, institutional analysis, other variations of heterodox and developmental economic studies. Therefore, the submissions in any field of micro- and macroeconomics, business ethics, economic policy or finance are appropriate for this journal. We hope, the provided contributions will help to understand the contemporary challenges faced by the private and public sector and will establish an international forum of empirical research.