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dc.contributor.author
Kalanidis, Dimitrios
en
dc.date.accessioned
2017-04-08T10:49:16Z
dc.date.available
2017-04-09T00:00:15Z
dc.date.issued
2017-04-08
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/15230
dc.rights
Default License
dc.subject
Liquidity
en
dc.subject
Profitability
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dc.subject
Capital
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dc.subject
Ratios
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dc.subject
Balance Sheet
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dc.title
The Impact of Liquidity on Bank Profitability: Post Crisis Evidence from European Banks
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heal.type
masterThesis
el
heal.secondaryTitle
Post Crisis Evidence from European Banks
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heal.creatorID.email
d.kalanidis@ihu.edu.gr
heal.generalDescription
This study investigates the impact of liquidity on the profitability of 50 large European banks, measured by Return on Average Assets (ROAA), Return on Average Equity (ROAE), Net Interest Margin (NIM) and Profit Before Tax (PBT), during the period 2009-2015. The aforementioned relationship is examined during this period in order to determine the effect of liquidity, after a financial crisis in which liquidity had an important role.
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heal.classification
Banking & Finance
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heal.keywordURI.LCSH
Banks and banking--Accounting
heal.keywordURI.LCSH
Banks and banking--European Union countries
heal.keywordURI.LCSH
Bank liquidity--Management
heal.keywordURI.LCSH
Banks and banking--Risk management
heal.keywordURI.LCSH
Financial risk management
heal.contributorName
Kalanidis, Dimitrios
en
heal.contributorID.email
d.kalanidis@ihu.edu.gr
heal.language
en
el
heal.access
free
el
heal.license
http://creativecommons.org/licenses/by-nc/4.0
el
heal.references
Kosmidou, K. (2008). The determinants of banks' profits in Greece during the period of EU financial integration. Managerial Finance, 34(3), 146-159.
el
heal.references
Bourke, P. (1989). Concentration and other determinants of bank profitability in Europe, North America and Australia. Journal of Banking & Finance, 13(1), 65-79
el
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance
el
heal.publicationDate
2017-04-08
heal.abstract
This study investigates the impact of liquidity on the profitability of 50 large European banks, measured by Return on Average Assets (ROAA), Return on Average Equity (ROAE), Net Interest Margin (NIM) and Profit Before Tax (PBT), during the period 2009-2015. The aforementioned relationship is examined during this period in order to determine the effect of liquidity, after a financial crisis in which liquidity had an important role. To this direction, seven bank specific and two macroeconomic variables were employed in a panel dataset with 350 observations. In the past, most studies used liquidity ratios to determine liquidity risk and thus in this study, we focus on employing not only ratios, but also liquidity measures derived directly from the banks’ balance sheets, in order to get a more general view on the impact of liquidity in the banking sector. Regarding the results, they showed that for ROAA, ROAE and PBT, all liquidity measures derived from the balance sheet and the liquidity ratios had a negative impact on profitability. In contrast the capital ratio that was used as a proxy to regulatory imposed liquidity was positively related. On the other hand, regarding NIM, there were some differences in the results with Cash and Due from Banks and Net Loans to Total Assets be positively related with profitability, while the capital ratio of Tier1 to Total Assets was negatively related with NIM. According to the results of the study, banks should maintain their liquidity levels mostly though their capital reserves (e.g. Tier 1 Capital) and take actions to mitigate the credit risk of their investments, as well as their financing gap which imposes constraints in their funding procedure.
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heal.advisorName
Kosmidou, Kyriaki
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heal.committeeMemberName
Grose, Chris
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heal.committeeMemberName
Kosmidou, Kyriaki
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heal.committeeMemberName
Sikalidis, Alexandros
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heal.academicPublisher
IHU
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heal.academicPublisherID
ihu
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heal.numberOfPages
58
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heal.spatialCoverage
Europe
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heal.temporalCoverage
2009-2015
en


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