The impact of corruption, economic freedom, regulation and transparency on bank profitability and bank stability: Evidence from the Eurozone area
This paper examines the impact of corruption, economic freedom, bank regulation and transparency on bank profitability and bank stability using a sample of 326 banks from the 19 Eurozone countries over the period 2005–2018. We use a balanced panel data set and the Arellano-Bond Generalized Method of...
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| Vydáno v: | Journal of economic behavior & organization Ročník 184; s. 150 - 177 |
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| Hlavní autoři: | , , |
| Médium: | Journal Article |
| Jazyk: | angličtina |
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Elsevier B.V
01.04.2021
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| Témata: | |
| ISSN: | 0167-2681, 1879-1751 |
| On-line přístup: | Získat plný text |
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| Abstract | This paper examines the impact of corruption, economic freedom, bank regulation and transparency on bank profitability and bank stability using a sample of 326 banks from the 19 Eurozone countries over the period 2005–2018. We use a balanced panel data set and the Arellano-Bond Generalized Method of Moments dynamic panel estimation procedure. We find that corruption and transparency have a negative effect on bank profitability and bank stability. By contrast, greater economic freedom boosts profitability and banking stability. Our results show that regulation is positively related to bank profitability and its precise effects on stability depend upon the nature of the regulation. We additionally examine how our results are affected by Governance issues and the addition of 5 other European countries from outside the Eurozone. Our overall results indicate that the impact of the variables of interest is sensitive to the precise measures chosen to calculate profitability and financial stability. |
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| AbstractList | This paper examines the impact of corruption, economic freedom, bank regulation and transparency on bank profitability and bank stability using a sample of 326 banks from the 19 Eurozone countries over the period 2005–2018. We use a balanced panel data set and the Arellano-Bond Generalized Method of Moments dynamic panel estimation procedure. We find that corruption and transparency have a negative effect on bank profitability and bank stability. By contrast, greater economic freedom boosts profitability and banking stability. Our results show that regulation is positively related to bank profitability and its precise effects on stability depend upon the nature of the regulation. We additionally examine how our results are affected by Governance issues and the addition of 5 other European countries from outside the Eurozone. Our overall results indicate that the impact of the variables of interest is sensitive to the precise measures chosen to calculate profitability and financial stability. |
| Author | Tomuleasa, Iuliana Asteriou, Dimitrios Pilbeam, Keith |
| Author_xml | – sequence: 1 givenname: Dimitrios surname: Asteriou fullname: Asteriou, Dimitrios email: dasteriou@brookes.ac.uk organization: Oxford Brookes Business School, Headington Road, Oxford OX3 0BP United Kingdom – sequence: 2 givenname: Keith orcidid: 0000-0002-5609-8620 surname: Pilbeam fullname: Pilbeam, Keith email: k.s.pilbeam@city.ac.uk organization: Department of Economics, City, University of London, London EC1V 0HB United Kingdom – sequence: 3 givenname: Iuliana surname: Tomuleasa fullname: Tomuleasa, Iuliana organization: ESSCA School of Management, 55 Quai Alphonse Le Gallo, 92513, Boulogne, Paris, France |
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| SubjectTerms | Bank regulation Corruption Dynamic panels Economic freedom Financial crisis Transparency |
| Title | The impact of corruption, economic freedom, regulation and transparency on bank profitability and bank stability: Evidence from the Eurozone area |
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