Heterogeneous funding patterns and income structure of Croatian banks: panel data evidence
Dependence of the bank income statement indicators on its capital structure is in the focus of this paper. The dynamic panel data analysis encompasses 28 commercial banks from the Republic of Croatia in a pre-recession period i.e. 2003-2008 with a goal of estimating whether heterogeneity of capital...
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-09-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1015.pdf
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| Summary: | Dependence of the bank income statement indicators on its capital
structure is in the focus of this paper. The dynamic panel data analysis
encompasses 28 commercial banks from the Republic of Croatia in a pre-recession
period i.e. 2003-2008 with a goal of estimating whether heterogeneity of capital
structures among banks in Croatia explains differences seen in their profitability.
In comparison to the existing empirical background on the capital structure and
bank financial performance nexus, the novelty of this research is in the operating
margin which is being defined as a dependent variable, among the other usually
employed proxies of the bank profitability. |
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| ISSN: | 1841-8678 1844-0029 |