Determinants of Bank Capital Structure
Název práce: | Determinants of Bank Capital Structure |
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Autor(ka) práce: | Nedbailo, Tetiana |
Typ práce: | Diploma thesis |
Vedoucí práce: | Brůna, Karel |
Oponenti práce: | Szabo, Milan |
Jazyk práce: | English |
Abstrakt: | This research aims to analyze the determinants of bank capital structure, both from the traditional capital theory and capital requirements perspective, as well as the structure of funding sources in the banking industry. The impact of capital determinants, funding sources and capital regulation on banks’ stability is assessed based on two samples covering six countries (Italy, Spain, and Greece against Germany, Luxemburg, and the Netherlands) during 2008-2018. The goal is to discover if there any divergence in the results for the countries with different banking systems. In the paper methods of econometric and trend analysis are used. Several regression tests are performed, exploring relationships between capital determinants (size, profitability, cost of funding, riskiness) and leverage at the first stage of analysis, and also between different funding sources (deposits and wholesale funding) and banks’ stability. The overall impact of the capital structure regulation is analyzed in the framework of the trend analysis in all countries discussed. The empirical results confirm the statistical significance of traditional capital structure determinants also in the banking industry, and prove both the stability distortion effect of the wholesale funding, and positive impact on the stability capital regulation has. |
Klíčová slova: | Bank Capital Structure; Funding Structure; Determinants of Capital Structure; Capital Regulation |
Název práce: | Determinants of Bank Capital Structure |
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Autor(ka) práce: | Nedbailo, Tetiana |
Typ práce: | Diplomová práce |
Vedoucí práce: | Brůna, Karel |
Oponenti práce: | Szabo, Milan |
Jazyk práce: | English |
Abstrakt: | This research aims to analyze the determinants of bank capital structure, both from the traditional capital theory and capital requirements perspective, as well as the structure of funding sources in the banking industry. The impact of capital determinants, funding sources and capital regulation on banks’ stability is assessed based on two samples covering six countries (Italy, Spain, and Greece against Germany, Luxemburg, and the Netherlands) during 2008-2018. The goal is to discover if there any divergence in the results for the countries with different banking systems. In the paper methods of econometric and trend analysis are used. Several regression tests are performed, exploring relationships between capital determinants (size, profitability, cost of funding, riskiness) and leverage at the first stage of analysis, and also between different funding sources (deposits and wholesale funding) and banks’ stability. The overall impact of the capital structure regulation is analyzed in the framework of the trend analysis in all countries discussed. The empirical results confirm the statistical significance of traditional capital structure determinants also in the banking industry, and prove both the stability distortion effect of the wholesale funding, and positive impact on the stability capital regulation has. |
Klíčová slova: | Bank Capital Structure; Funding Structure; Determinants of Capital Structure; Capital Regulation |
Informace o studiu
Studijní program / obor: | Finance and Accounting |
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Typ studijního programu: | Magisterský studijní program |
Přidělovaná hodnost: | Ing. |
Instituce přidělující hodnost: | Vysoká škola ekonomická v Praze |
Fakulta: | Fakulta financí a účetnictví |
Katedra: | Katedra měnové teorie a politiky |
Informace o odevzdání a obhajobě
Datum zadání práce: | 19. 11. 2019 |
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Datum podání práce: | 15. 5. 2020 |
Datum obhajoby: | 8. 6. 2020 |
Identifikátor v systému InSIS: | https://insis.vse.cz/zp/71697/podrobnosti |