Commercial Banking Profitability in Post Communist Countries: The Role of Entrepreneurship: 1990-2004

22 Pages Posted: 30 Nov 2009

See all articles by Miltiades N. Georgiou

Miltiades N. Georgiou

Independent

Nicholas Kyriazis

University of Thessaly - Department of Economics

Date Written: November 29, 2009

Abstract

The contribution of the present paper is twofold. First, it introduces a practical estimation of banking entrepreneurial reward (remuneration) and uses it as a variable in order to estimate its effect on bank profitability (in the capitalistic countries as well as in the post communist ones). Second, it points out that post communist countries start to behave as capitalists in the banking sector, since it is shown that entrepreneurship has a positive impact on banking profitability. Each country is regarded as a commercial banking sector. All variables of the model refer to an annual average country level for the period 1990-2004. Panel data are elaborated by using the Eviews software package.

Keywords: bank profitability, interest rates, prices, entrepreneurship, post communist countries, models with panel data

JEL Classification: G20, E43, E31, L26, P2, C23

Suggested Citation

Georgiou, Miltiades N. and Kyriazis, Nicholas, Commercial Banking Profitability in Post Communist Countries: The Role of Entrepreneurship: 1990-2004 (November 29, 2009). Available at SSRN: https://ssrn.com/abstract=1515165 or http://dx.doi.org/10.2139/ssrn.1515165

Nicholas Kyriazis

University of Thessaly - Department of Economics ( email )

Volos 38221
Greece

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