NDLI: Après le déluge: Institutions, the Global Financial Crisis, and Bank Profitability in Transition

Content Provider	Springer Nature Link
Author	Hartwell, Christopher
Copyright Year	2015
Abstract	While the determinants of bank profitability have been well-explored, the influence of institutions on bank performance is less understood, especially in the transition context. Given the presence of a financial crisis such as the one that struck the global economy from 2007 onward, did the underlying institutional structure of a country help to mitigate the effects of the crisis on banks? Utilizing a new database of 1600 banks across 30 transition economies, this paper applies Bayesian model averaging, fixed-effects, and IV-GMM methodology to test the effect of institutions on bank profitability in a crisis period. Results are conclusive across models that investor-specific property rights aided bank profitability during the crisis. The effect of democracy on banks is much more ambiguous but appears to negatively influence profitability indirectly through interest group channels and bank concentration. These results hold across a variety of specifications and robustness tests.
Starting Page	497
Ending Page	524
Page Count	28
File Format	PDF
ISSN	09237992
Journal	Open Economies Review
Volume Number	26
Issue Number	3
e-ISSN	1573708X
Language	English
Publisher	Springer US
Publisher Date	2015-05-01
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Institutions Bank profitability Return on assets Transition economies Bayesian model averaging International Economics Development Economics European Integration Macroeconomics/Monetary Economics Economic Policy Financial Economics
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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