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| Title: | | The short and long term performance persistence in the Central European banking industry  |
| 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 |
| JEL: | | G21 |
| 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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