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dc.contributor.author
Gkarliatsikoudi, Eirini-Alexandra
en
dc.date.accessioned
2015-05-28T09:27:59Z
dc.date.available
2015-09-27T05:56:12Z
dc.date.issued
2015-05-28
dc.identifier.uri
https://repository.ihu.edu.gr//xmlui/handle/11544/97
dc.rights
Default License
dc.title
An assessment of the systematic risk & economic performance of Greek banks during the financial crisis
en
heal.type
masterThesis
heal.keyword
Dissertations, Academic
en
heal.keyword
Banks and banking--Greece
en
heal.keyword
Finance, Public--Greece
en
heal.keyword
Financial crises--Greece
en
heal.language
en
heal.access
free
el
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
2012-10-10
heal.bibliographicCitation
Gkarliatsikoudi Eirini-Alexandra, 2012, An assessment of the systematic risk & economic performance of Greek banks during the financial crisis, Master's Dissertation, International Hellenic University
en
heal.abstract
This dissertation aims to examine the banks’ position during the recent financial crisis of 2007, focusing on the case of Greece. For this purpose, dissertation is divided in two parts. The first one is the literature review part, where is analyzed the current situation of banks and especially during the recent financial crisis and the second one is the empirical analysis part, where examination of the position of European banks including Greece is being investigated as well as the stocks’ beta of four Greek banks. Those banks are Alpha Bank, Eurobank-Ergasias bank, National bank and Piraeus bank. The selection criterion of the specific banks was the large transaction volume that these banks presented over the last years. Each bank’s position was examined with the calculation of the mean and median of specific financial ratios: Loans to deposits, loans to assets, equity to loans, deposits to assets and net interest income to interest income ratios. As for the performance, profitability and efficiency of banks, National Bank of Greece is performing better and then follows Alpha Bank, Piraeus bank and Eurobank-Ergasias bank. Financial position of the four banks examined indicates that during the crisis they need to take into consideration the low levels of net interest income to interest income ratios and also the levels of loans to assets and deposits to assets ratios. Better asset management is proposed in order to successfully organize their basic operations, deposits and lending. As for the systematic risk of their stocks, indeed the stocks’ beta as derived from the relevant regressions was generally increasing from 2007 to 2011 for each bank, suggesting increasing systematic risk. Last but not least, as the stocks’ beta was for each year of the study above unity, this implies systematic risk of their stocks.
en
heal.tableOfContents
Acknowledgements .............................................................................................................. 8 Chapter 1: Introduction ........................................................................................................................... 9 1.1 Aims and Objectives ..................................................................................................... 10 1.2 Structure ...................................................................................................................... 10 1.3 Significance .................................................................................................................. 11 1.4 Limitations ................................................................................................................... 11 Chapter 2: Literature Review .............................................................................................................. 12 2. 1 Overview and background ........................................................................................ 12 2.2 Global financial crisis and effects on banking sector ........................................................ 14 2.2.1 The case of Greek and European banking sector .......................................................... 17 2.3 Banking sector and risk during the recent financial crisis ................................................. 20 2.4 Conclusion ..................................................................................................................... 21 2.5 Formation of Hypotheses ............................................................................................... 21 Chapter 3: Methodology ....................................................................................................................... 22 3.1 Overview ..................................................................................................................... 22 3.2 Research Design ......................................................................................................... 22 3.3 Instruments ................................................................................................................ 24 3.4 Data collection process .............................................................................................. 26 3.5 Data analysis .............................................................................................................. 27 Chapter 4: Empirical Results/ Findings ........................................................................................ 28 4.1 Financial Ratios ............................................................................................................. 28 4.2 Hypothesis Testing ......................................................................................................... 30 Chapter 5: Discussion ............................................................................................................................ 34 Chapter 6: Conclusion ........................................................................................................................... 37 5 References ............................................................................................................................................... 39 Appendix............................................................................................................................ 45
en
heal.advisorName
Alexakis, Prof. Christos
en
heal.committeeMemberName
Alexakis, Prof. Christos
en
heal.academicPublisher
School of Economics & Business Administration MSc in Banking and Finance
en
heal.academicPublisherID
ihu
heal.numberOfPages
45
heal.fullTextAvailability
true


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