Banks' profitability, institutions, and regulation in the context of the financial crisis

Autor:	Fernando A.T. Costa, Dário M. C. Martins, Francisco Silva, Maria da Graça Batista, João C. A. Teixeira
Rok vydání:	2020
Předmět:	Estimation Economics and Econometrics 050208 finance 05 social sciences Bank regulation Context (language use) Financial system Dividend policy Accounting 0502 economics and business Financial crisis Economics Profitability index 050207 economics Finance Panel data European debt crisis
Zdroj:	International Journal of Finance & Economics. 25:297-320
ISSN:	1099-1158 1076-9307
DOI:	10.1002/ijfe.1753
Popis:	This paper empirically examines how banks' dividend policy, the institutional environment, and banking regulation affects banks' profitability using panel data of a sample of 567 banks, mainly from Organisation for Economic Cooperation and Development countries, for 2004–2015. It further examines whether the effect of the institutional environment and banking regulation varies for crisis and noncrisis years. The estimation results reveal that banks' dividend policy influences positively banks' profitability, whereas higher levels of the institutional environment or stricter banking regulation reduces banks' profitability. The negative effect of the institutional environment and banking regulation was of lower magnitude during the global financial crisis, followed by the Eurozone crisis, and for less‐developed countries and larger banks.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f2baf1bcf5421fb0bf4c24ed364fb94a https://doi.org/10.1002/ijfe.1753 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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