Determinants of Bank Capital Structure

Název práce: Determinants of Bank Capital Structure
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
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
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
Datum podání práce: 15. 5. 2020
Datum obhajoby: 8. 6. 2020
Identifikátor v systému InSIS: https://insis.vse.cz/zp/71697/podrobnosti

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