2,948
Views
14
CrossRef citations to date
0
Altmetric
Articles

The determinants of Serbian banking industry profitability

&
Pages 459-474 | Received 04 Dec 2012, Accepted 22 Sep 2014, Published online: 13 May 2016

References

  • Abreu, M., & Mendes, V. (2002). Commercial bank interest margins and profitability: Evidence from EU countries, Porto Working paper series.
  • Afanasieff, T., Lhacer, P., & Nakane, M. (2002). The determinants of bank interest spreads in Brazil. Working Paper Series 46, Banco Central do Brazil.
  • Anayiotos, G., Toroyan, H., & Vamvakidis, A. (2010). The efficiency of emerging Europe’s banking sector before and after the recent economic crisis’. Financial Theory and Practice, 34, 247–267.
  • Angbazo, L. (1997). Commercial bank net interest margins, default risk, interest-rate risk, and off-balance sheet banking. Journal of Banking and Finance, 21, 55–87.10.1016/S0378-4266(96)00025-8
  • Atasoy, H. (2007). Expenditure-income analysis in turkish banking sector and determinants of profitability. Unpublished Dissertations of Senior Specialists. Central Bank of Turkey, Ankara.
  • Athanasoglou, P., Brissimis, S. N., & Delis, M. (2005). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Working paper no. 25. Bank of Greece.
  • Athanasoglou, P., Delis, M., & Staikouras, C. (2006). Determinants of Bank Profitability in the South Eastern European Region, MPRA Paper 10274. Germany: University Library of Munich.
  • Azam, M., & Siddiqui, S. (2012). Domestic and foreign banks’ profitability: Differences and their determinants. International Journal of Economics and Financial Issues, 2, 33–40.
  • Ben Naceur, S. (2003). The determinants of the Tunisian banking industry profitability: Panel evidence. Proceedings of the Economic Research Forum (ERF) 10th Annual Conference. Marrakesh–Morocco, December 16–18, 2003.
  • Ben Naceur, S., & Goaied, M. (2001). The determinants of the Tunisian deposit banks’performance. Applied Financial Economics, 11, 317–319.10.1080/096031001300138717
  • Berger, A. (1995). The relationship between capital and earnings in banking. Journal of Money, Credit and Banking, 27, 404–431.10.2307/2077876
  • Bonin, J., Hasan, I., & Wachtel, P. (2008). Banking in transition countries. Discussion Papers 12. Institute for economies in transition, Bank of Finland, BOFIT.
  • Brooks, C. (2008). Introductory econometrics for finance. Cambridge: Cambridge University Press. 10.1017/CBO9780511841644
  • Chmielewski, T., & Krzesniak, A. (2003). Individual characteristics influencing bank profitability in Poland. Financial Stability Report, National Bank of Poland.
  • Claessens, S., Demirgüç-Kunt, A., & Huizinga, H. (2001). How does foreign entry affect domestic banking markets?. Journal of Banking and Finance, 25, 891–911. 10.1016/S0378-4266(00)00102-3
  • Claeys, S., & Vander Vennet, R. (2008). Determinants of bank interest margins in central and eastern Europe: A comparison with the West. Economic Systems, 32, 197–216. 10.1016/j.ecosys.2007.04.001
  • Demirguc-Kunt, A., & Huizinga, H. (1999). Determinants of commercial bank interest margins and profitability: Some international evidence. The World Bank Economic Review, 13, 379–408. 10.1093/wber/13.2.379
  • Demirguc-Kunt, A., & Maksimovic, V. (1998). Low, Finance and Firm Growth. The Journal of Finance, 53, 2107–2137. 10.1111/0022-1082.00084
  • Dietrich, A., & Wanzenried, G. (2011). Determinants of bank profitability before and during the crisis: Evidence from Switzerland. Journal of International Financial Markets, Institutions and Money, 21, 307–327. 10.1016/j.intfin.2010.11.002
  • Filipovic, M., & Hadzic, M. (2012). Banking sector in serbia: Impacts of late transition and global crisis. In S. Bojnec, J. Brada & M. Kuboniwa(Eds.), Overcoming the crisis: Economic and financial developments in Asia and Europe. University of Primorska Press, Koper
  • Flamini, V., McDonald, C., & Schumacher, L. (2009), The determinants of commercial bank profitability in sub-saharan africa. International Monetary Fund Working Paper, WP/09/15.
  • Goddard, J., Molyneux, P., & Wilson, J. (2004a). The profitability of european banks: A cross-sectional and dynamic panel analysis. The Manchester School, 72, 363–381. 10.1111/manc.2004.72.issue-3
  • Goddard, J., Molyneux, P., & Wilson, J. (2004). Dynamics of growth and profitability in banking. Journal of Money, Credit and Banking, 36, 1069–1090.10.1353/mcb.2005.0015
  • Goldberg, L., & Rai, A. (1996). The structure-performance relationship for European banking. Journal of Banking and Finance, 20, 745–771.
  • Gul, S., Irshad, F., & Zaman, K. (2011). Factors affecting bank profitability in Pakistan. The Romanian Economic Journal, 39, 61–87.
  • Hasan, I., & Lozano-Vivas, A., (1998), Foreign banks, production technology, and efficiency: Spanish experience. Working Paper presented at the Georgia Productivity Workshop III. Athens, Georgia.
  • Havrylchyk, O., & Jurzyk, E., (2006). Profitability of foreign banks in Central and Eastern Europe: Does the entry mode matter?. BOFIT Discussion Papers 5. Institute for Economies in Transition, Bank of Finland.
  • Kosak, M., & Cok, M. (2008). Ownership structure and profitability of the banking sector: The evidence from the SEE region. Zbornik radova Ekonomskog fakulteta Rijeka, 26, 93–122.
  • Kosmidou, K., Pasiouras, F., Doumpos, M., & Zopounidis, C. (2004). Foreign versus domestic banks’ performance in the UK: A multicriteria approach. Computational Management Science, 1, 329–343. 10.1007/s10287-004-0019-4
  • Kovacevic, I. (2012, July). Banking in Serbia 2001–2011: Changes, results and consequences. Banks and Insurance companies in Serbia 2001-2011 and comparison with the countries in the region. Business Info Group, 1, 38–52.
  • Krivacic, D., Smederevac, S., & Vujnovic, P. (2012). Bank profitability in conditions of economic crisis – the analysis of banks in Croatia’. Zbornik Veleucilista u Karlovcu, 2, 145–155.
  • Kutner, M. H., Nachtsheim, C. J., & Neter, J. (2004). Applied linear regression models. McGraw-Hill Irwin
  • Mamatzakis, E., Staikouras, C., & Koutsomanoli-Fillipaki, N. (2005). Competition and concentration in the banking sector of the South Eastern European region. Emerging Markets Review, 6, 192–209. 10.1016/j.ememar.2005.03.003
  • Marinkovic, S., & Radovic, O. (2010). On the determinants of interest margin in transition banking: The case of Serbia. Managerial Finance, 36, 1028–1042.
  • Maudos, J., & De Guevara, J. F. (2004). Factors explaining the interest margin in the banking sectors of the European Union. Journal of Banking and Finance, 28, 2259–2281. 10.1016/j.jbankfin.2003.09.004
  • Miller, S. M., & Noulas, A. G. (1997). Portfolio mix and large-bank profitability in the USA. Applied Economics, 29, 505–512. 10.1080/000368497326994
  • Molyneux, P. (1999). Increasing concentration and competition in European banking: The end of anti-trust?. Federal Reserve Bank of Chicago, Economic Perspectives, 4, 127–133.
  • Molyneux, P., & Forbes, W. (1995). Market structure and performance in European Banking. Applied Economics, 27, 155–159. 10.1080/00036849500000018
  • Molyneux, P., & Thorton, J. (1992). Determinants of European bank profitability: A note. Journal of Banking and Finance, 16, 1173–1178. 10.1016/0378-4266(92)90065-8
  • Neely, M. C., & Wheelock, D. (1997). Why does bank performance vary across states?. Federal Reserve Bank of St. Louis, 79, 29–40.
  • Pasiouras, F., & Kosmidou, K. (2007). Factors influencing the profitability of domestic and foreign commercial banks in the European Union. Research in International Business and Finance, 21, 222–237. 10.1016/j.ribaf.2006.03.007
  • Pejic Bach, M., Posedel, P., & Stajanovic, A. (2009). Profitability determinations of banks in Croatia. Zbornik Ekonomskog fakulteta u Zagrebu, 1, 81–92.
  • Perry, P. (1992). ‘Do banks gain or lose from inflation’. Journal of Retail Bank, 14, 25–40.
  • Ramlall, I. (2009). ‘‘Bank-Specific. Industry-Specific and Macroeconomic Determinants of Profitability in Taiwanese Banking System: Under Panel Data Estimation’’, International Research Journal of Finance and Economics, 34, 160–166.
  • Staikouras, C. K., & Wood, G. E. (2004). The determinants of European bank profitability. International Business & Economic Research Journal, 3, 57–68.
  • Thakor, A. V. (1996). Capital requirements, monetary policy and aggregate bank lending: Theory and empirical evidence. The Journal of Finance, 51, 279–324. 10.1111/j.1540-6261.1996.tb05210.x
  • Vu, H., & Turnell, S. (2011). Cost and Profit Efficiencies of Australian Banks and the Impact of the Global Financial Crisis. Economic Record, 87, 525–536. 10.1111/ecor.2011.87.issue-279
  • Vukovic, V., Kozetinac, G., & Kostic, D. (2009). Impact of global financial crisis on banking profitability: The case of Serbia. Financial Systems Integration of Balkan Countries in the European Financial System: Impact of Global Crisis, Institute of Economic Sciences, 1, 155–162.