Temat: GLOBAL FINANCIAL CRISIS - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: The Banks Profitability and Economic Freedom Quality: Empirical Evidence from Arab Economies
Autorzy:: Aziz, Omar Ghazy
Knutsen, Julie
Powiązania:: https://bibliotekanauki.pl/articles/2041938.pdf
Data publikacji:: 2019-04-03
Wydawca:: Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
Tematy:: Profitability
Economic freedom
Global financial crisis
Arab economies
Opis:: This study empirically examines the impact of economic freedom quality and global financial crisis on the banking sector profitability in the Arab region. The analysis is performed by employing system GMM estimation in panel data comprising of 14 Arab countries over the period 1985–2016. The study constructed an economic freedom index based on the economic freedom indicators. The findings indicate that greater economic freedom has positively influenced the profitability of the Arab banking sector. The results also suggest that the more profitable banks are those that have lower operating expenses against asset and income, better capitalized, more diversified and concentrated at economies having growth in the GDP. Furthermore, the global financial crisis in 2008 negatively impacted the profits of Arab banks.
Źródło:: Journal of Banking and Financial Economics; 2019, 1(11); 96-110
2353-6845
Pojawia się w:: Journal of Banking and Financial Economics
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: EU banks after the crisis: sinners in the hands of angry markets
Autorzy:: Serrano, Antonio Sánchez
Powiązania:: https://bibliotekanauki.pl/articles/565728.pdf
Data publikacji:: 2018
Wydawca:: Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
Tematy:: European banks
stock returns
asset quality
profi tability
global financial crisis
Opis:: European Union banks were severely hit by the global fi nancial crisis in 2008 and their stock prices and returns have generally not recovered since then, differently to what has been observed in other sectors (i.e., non-fi nancial corporations) and jurisdictions (i.e., US). In this paper, we focus on three episodes of fi nancial turmoil in EU fi nancial markets occurring after the global fi nancial crisis (August 2015, December 2015 and January 2016, and June 2016) and, through a series of linear regressions, with and without control variables, attempt to determine the common features of those banks which stock returns declined the most. Results of the regressions tend to suggest that size has been driving the decreases in stock returns in the three episodes. Regarding asset quality, the Texas ratio has been a decisive factor in the evolution of stock returns of EU banks in the second and third periods. Interestingly, profi tability variables seem not to be statistically signifi cant to explain the declines in stock returns, except in the third period, but only under some specifi cations. An evolution on the perception by fi nancial market participants on EU banks, with a larger importance on asset quality in the latter periods, can also be observed. Lastly, on the basis of these results, further policy actions would be needed to clean-up the balance sheet of banks, as a necessary step towards full recovery after the global fi nancial crisis.
Źródło:: Journal of Banking and Financial Economics; 2018, 1(9); 24-51
2353-6845
Pojawia się w:: Journal of Banking and Financial Economics
Dostawca treści:: Biblioteka Nauki

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