The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
MetadataShow full item record
The main objective of this study is to analyse the evolution of banking efficiency in the Baltic countries after their accession to the EU and during the financial crisis, and to check whether there are significant differences between these countries as a consequence of their particular characteristics.
To that end, we have estimated the evolution of cost and profit efficiency in the Baltic countries in the context of the enlarged EU during the period 2000–2013 using Bayesian stochastic frontier models. Our results show the greater robustness of Estonian banking in terms of profits during the financial crisis in comparison to their neighbours. Additionally, Baltic banking has recovered its profit efficiencies very quickly after the financial crisis. However, cost efficiency is still at low levels in line with the other European countries.
Is part ofBaltic Journal of Economics, 2017, vol. 18, núm. 1, p. 1–24
The following license files are associated with this item:
Showing items related by title, author, creator and subject.
Moreno Gené, Jordi; Gallizo Larraz, José Luis; Salvador Figueras, Manuel (Edicions de la Universitat de Lleida, 2013)The aim of this study is to analyze how European integration and, especially, changes in ownership, has affected banking efficiency in Central and Eastern European countries which have recently experimented this process ...
Saladrigues Solé, Ramon; Gallizo Larraz, José Luis; Gargallo Valero, Pilar; Salvador Figueras, Manuel (Edicions de la Universitat de Lleida, 2013)This study offers a statistical analysis of the persistence of annual profits across a sample of firms from different European Union (EU) countries. To this end, a Bayesian dynamic model has been used which enables the ...
The persistence of abnormal return on assets: an exploratory analysis of the performance of firms by country and sector Gallizo Larraz, José Luis; Gargallo Valero, Pilar; Saladrigues Solé, Ramon; Salvador Figueras, Manuel (John Wiley & Sons, 2014)This study offers an exploratory statistical analysis of the persistence of annual abnormal returns across a sample of firms from different European Union countries. To this end, a hierarchical Bayesian dynamic model has ...