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Title:The short and long term performance persistence in the Central European banking industry PDF Logo
Authors:Jackowicz, Krzysztof
Kowalewski, Oskar
Kozłowski, Łukasz
Issue Date:2011
Citation:[Journal:] Contemporary Economics [ISSN:] 1897-9254 [Volume:] 5 [Year:] 2011 [Issue:] 4 [Pages:] 18-31
Abstract:This article investigates the scale of performance persistence in the Central European banking industry. Contrary to the existing literature, we test not only for the short-term performance persistence but we propose also a novel method of analyzing the long-term persistence. Using an extensive dataset, covering the 1992-2009 period, we establish that banks' results are strongly persistent in two-years sub-periods as well as in the long-run. Moreover, we find that the strength of studied phenomenon is not significantly influenced by the macroeconomic environment, banks size and capital base and country-specific factors.
Subjects:performance persistence
banks profitability
emerging economies
Persistent Identifier of the first edition:doi:10.5709/ce.1897-9254.25
Document Type:Article
Appears in Collections:Contemporary Economics, Volume 5 -

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