Preconditions of the Eurozone economic security : how to overcome liquidity risk and cost inefficiency in leading banks of UK and Germany

• Autorzy: Tvaronavičienė M. , Masood O. , Javaria K.

Identyfikatory

DOI

10.17512/pjms.2018.18.1.31

Warianty tytułu

PL

Uwarunkowania bezpieczeństwa gospodarczego strefy euro : w jaki sposób przezwyciężyć ryzyko płynności i kosztowej niewydolności wiodących banków Wielkiej Brytanii i Niemiec

• Języki publikacji: EN

Abstrakty

EN

Among many factors affecting economic security of the Eurozone, performance of banks play especially important role. The aim of this study is to investigate factors influencing performance of banking sector in UK and Germany. Performance is being estimated using indicators of liquidity and cost efficiency in the biggest banks of both indicated countries. For analysis data of eight banks from each country have been used, two periods of years 2009-2010, and 2012-2014 have been distinguished. Fixed effect model has been employed. The obtained results revealed some significant relationships. Specifically, liquidity is negatively influenced by interest margin in banking sector of both countries during both considered periods, what initiated more active lending. That, in its turn, reduced banks’ liquidity and conditioned lower margins. Bank size did affect liquidity (loan to asset ratio) neither in UK, nor in Germany. Obtained results can be used for respective policy implications directed to sustaining better performance of banks, and therefore for increased economic security of the Eurozone economies.

PL

Wśród wielu czynników wpływających na bezpieczeństwo ekonomiczne strefy euro szczególną rolę odgrywają wyniki banków. Celem niniejszgo badania jest analiza czynników wpływających na wyniki sektora bankowego w Wielkiej Brytanii i Niemczech. Wyniki są szacowane na podstawie wskaźników płynności i efektywności kosztowej w największych bankach obu wskazanych krajów. Do analizy wykorzystano dane z ośmiu banków z każdego kraju, wyróżniono dwa okresy z lat 2009-2010 i 2012-2014. Wykorzystano model poprawionego efektu. Uzyskane wyniki ujawniły kilka istotnych związków. W obu krajach, w obu okresach szczególnie negatywny wpływ na płynność ma marża odsetkowa w sektorze bankowym, co zapoczątkowało aktywniejszą akcję kredytową. To z kolei zmniejszyło płynność banków i uwarunkowało niższe marże. Wielkość banku nie wpłynęła na płynność (stosunek kredytów do aktywów) ani w Wielkiej Brytanii, ani w Niemczech. Uzyskane wyniki mogą być wykorzystane do odpowiednich implikacji politycznych ukierunkowanych na utrzymanie lepszych wyników banków, a tym samym do zwiększenia bezpieczeństwa ekonomicznego gospodarek strefy euro.

Słowa kluczowe

EN

economic security; liquidity; cost efficiency; net interest margin; credit risk; profitability; financial leverage; UK; Germany

PL

bezpieczeństwo ekonomiczne; płynność; efektywność kosztowa; marża odsetkowa netto; ryzyko kredytowe; rentowność; dźwignia finansowa; UK; Niemcy

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2018
• Tom: Vol. 18, No. 1
• Strony: 418--427
• Opis fizyczny: Bibliogr. 33 poz., tab.

Twórcy

autor

Tvaronavičienė M.

• Vilnius Gediminas Technical University, Lithuania

autor

Masood O.

• Lahore School of Accountancy and Finance, University of Lahore, Pakistan

autor

Javaria K.

• Lahore School of Accountancy and Finance, University of Lahore, Pakistan

Bibliografia

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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2018).