Determinants of non-performing loans ratio. Evidence from firm-level data

Ana-Maria CAZACU (bancu)
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Ana-Maria CAZACU (bancu): Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue Special(II), 354-358

Abstract: The scope of this paper is analyzing the main evolutions of credit risk in Romanian banking sector since the outbreak of the crisis and identifying Non-performing loans (NPL) determinants using firm-level information. The results indicate that larger, more profitable and more productive firms were able to weather better the negative shocks. Labor productivity is one of the most important explanatory variables for firms’ ability of repayment their debt, even after controlling for the evolution of market share and value added or other firm specific characteristics.

Keywords: NPL; credit risk; firm-level data; fixed effects; labor productivity. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:special(ii):p:354-358

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