DETERMINANTS OF SUSTAINABLE BANKS’ PROFITABILITY. EVIDENCE FROM EU COUNTRIES

Iustina Boitan

Studii Financiare (Financial Studies), 2015, vol. 19, issue 1, 21-39

Abstract: The paper aims at assessing whether responsible banking behavior is a precursor and catalyst of banking profitability. Consequently, the paper will investigate the exogenous determinants of the EU sustainable banks’ profitability during the period 2006-2013. For the purpose of this study it has been considered the commercial banks resident in EU countries that voluntarily joined the United Nations Environment Program – Financial Initiative. The empirical study will be developed on several stages. First, explanatory variables comprising macroeconomic, institutional and public perception variables will be statistically processed. Secondly, it will be performed correlation analyses and Granger causality tests. Third, it will be employed a panel data regression with fixed effects, to account for those explanatory variables that boost or, on the contrary, compress sustainable banks’ profitability.

Keywords: sustainable bank; profitability; macroeconomic fundamentals; sentiment indicator; panel data regression (search for similar items in EconPapers)
JEL-codes: C23 G21 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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