文章基本信息

标题：Profit persistence and determinants of bank profitability in Croatia
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作者：Pervan, Maja ; Pelivan, Iva ; Arnerić, Josip 等
期刊名称：Economic Research
印刷版ISSN：1331-677X
出版年度：2015
卷号：28
期号：1
页码：284-298
DOI：10.1080/1331677X.2015.1041778
语种：English
出版社：Juraj Dobrila University of Pula, Department of Economics and Tourism 'Dr. Mijo Mirkovic'
摘要：The aim of this research was to determine the persistence of prof banking sector of the Republic of Croatia. Most developing countries have experienced common changes within restructuring of the banking system and therefore, this issue has become crucial, especially after comparing poor empirical findings in these countries to the findings of developed countries. However, research related to this issue is non-existent in the Croatian banking sector. Moreover, among the few studies that were carried out on the territory of the Central and Eastern European banking markets, none of the studies have analysed the persistence of profit in terms of the Markov Chain stochastic process. In addition to the profit persistence analysis, authors defined and estimated a model that would enable the identification of the profitability determinants of Croatian banks. In this sense, the model incorporated three groups of profitability determinants: bank-specific, industry-specific and macroeconomic. The variables with a statistically significant impact on the profitability of banks were identified using a dynamic panel model, while the application of the Markov Chains stochastic process revealed that profit persistence was less likely to occur in banks with higher profit.
关键词：profit persistence; profitability determinants; dynamic panel model; Markov chain; banks; Croatia