Profitability Determinants of the Macedonian Banking Sector in Changing Environment

被引:37
|
作者
Curak, Marijana [1 ]
Poposki, Klime [2 ]
Pepur, Sandra [1 ]
机构
[1] Univ Split, Fac Econ, HR-21000 Split, Croatia
[2] Insurance Supervis Agcy, Skopje 1000, Macedonia
关键词
Determinants of profitability; Macedonian banking sector; Dynamic panel analysis; OWNERSHIP;
D O I
10.1016/j.sbspro.2012.05.045
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper analyzes bank-specific, industry-specific and macroeconomic determinants of bank profitability. Dynamic panel analysis is applied on the sample of 16 banks in the Macedonian banking system in the period between 2005 and 2010. According to the obtained results, among internal factors of bank profitability, the most important one is operating expense management. Further, the profitability is influenced by solvency risk and liquidity risk. Regarding the external variables, economic growth, banking system reform and concentration show significant effect on bank profitability in the Republic of Macedonia. (C) 2011 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of the Faculty of Tourism and Hospitality
引用
收藏
页码:406 / 416
页数:11
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