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Title:Growth and earnings persistence in banking firms: a dynamic panel investigation PDF Logo
Authors:Shehzad, Choudhry Tanveer
de Haan, Jakob
Scholtens , Bert
Issue Date:2009
Series/Report no.:CESifo working paper 2772
Abstract:This paper investigates (i) whether growth and profitability persist in banking firms, (ii) whether the level and volatility of growth and profitability are bank-size dependent, and (iii) the relationship between growth and profitability of a bank. Using a dynamic panel model estimated by GMM for a mixed sample of more than 1500 banks from 65 countries, we find no evidence of persistence in bank growth. However, our findings suggest significant persistence in bank profitability. Moreover, our results show that the growth and profitability dynamics of banks based in OECD countries differ from those of banks in non-OECD countries.
Subjects:bank size
bank earnings
earnings volatility
bank risk
Gibrat's law
JEL:G21
G32
L25
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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