dc.contributor.author
Tsalkitzidis, Konstantinos
en
dc.date.accessioned
2015-03-30T11:54:51Z
dc.date.available
2015-09-27T05:58:37Z
dc.date.issued
2015-03-30
dc.identifier.uri
http://hdl.handle.net/11544/63
dc.rights
Default License
dc.title
Determinants of bank's profitability in Greece and Balkans befors and during financial crisis
en
heal.keyword
Banks and banking--Greece
en
heal.keyword
Banks and banking--Balkan Peninsula
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heal.keyword
Dissertations, Academic
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heal.keyword
Bank profits
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heal.license
http://creativecommons.org/licenses/by-nc/4.0
heal.recordProvider
School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance
heal.publicationDate
2011-10-07
heal.bibliographicCitation
Tsalkitzidis Konstantinos, 2011, Determinants of bank's profitability in Greece and Balkans befors and during financial crisis, Master's Dissertation, International Hellenic University
en
heal.abstract
This dissertation thesis examines the profitability determinants of commercial banks in Greece and Balkans, by creating an unbalanced panel dataset of 115 commercial banks over a period of six years (2005-2010). The latter is separated into two sub-periods; the pre-crisis period (2005 – 2007) and the crisis and post-crisis period (2008 – 2010). The core aim of this study is to analyze the effects of the world financial crisis on banks‟ profitability determinants. We employ in our analysis bank-specific variables, such as growth of gross loans, and macroeconomic determinants, like the gross national savings that both have not been examined by previous studies. Our results indicate that the impact of the examined variables on banks‟ profitability is not always the expected one and differentiate between the two periods because of the changing financial conditions. We find a positive relationship between the determinants of bank-size and the equity over total assets ratio with banks‟ profitability. Yet, the variable of bank-size is statistically significant only for the crisis period, while the equity to total assets is significant in both periods. Regarding the macroeconomic variables, only this of gross national savings is significant during financial crisis. However, it appears to have a positive relationship with ROAA, for the pre-crisis period, while it has a negative one for the crisis/post-crisis period.
en
heal.tableOfContents
Introduction ..................................................................................................... 5
2 The presence of Greek banks in Balkan region .............................................. 6
3 Literature Review ............................................................................................ 8
3.1 Studies on the Greek and Balkan banking System................................ 14
3.2 Studies on the financial Crisis ............................................................... 16
4 Determinants of bank profitability and variable selection ............................ 17
4.1 Performance measures .......................................................................... 17
4.2 Bank-specific variables ......................................................................... 18
4.3 Macroeconomic and industry-specific variables ................................... 23
5 Data and Methodology .................................................................................. 25
5.1 Data ....................................................................................................... 25
5.2 Methodology ......................................................................................... 27
6 Empirical Results .......................................................................................... 28
7 Conclusions and Further Research ................................................................ 34
References ............................................................................................................. 36
en
heal.advisorName
Kosmidou
en
heal.committeeMemberName
Kosmidou
en
heal.committeeMemberName
Chalamandaris
en
heal.committeeMemberName
Pasiouras
en
heal.academicPublisher
School of Economics, Business Administration and Legal Studies, MSc in Banking and Finance
en
heal.academicPublisherID
ihu
heal.fullTextAvailability
true