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Consumer behavior of generation Y in the banking market
PETRENKO, Viktoriia
This diploma thesis deals with the Generation Y consumer behavior in the banking industry. The aim of this thesis is to find out the key factors influencing consumer decision-making during selection banks by analyzing their decision-making process and prepare recommendations for banks operating in the Czech Republic. The theoretical part of this thesis focuses on consumer behavior, factors influencing this behavior, broader generational classification and more detailed characteristics of Generation Y. The practical part contains the evaluation results of the quantitative research and recommendations for banks operating in the Czech Republic. The proposals relate to reducing bank charges, improving interpersonal communication and investing in artificial intelligence.
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Bank's performance in low and negative interest rate environment
Hanzlík, Petr ; Teplý, Petr (advisor) ; Tripe, David (referee) ; Witzany, Jiří (referee) ; Tůma, Zdeněk (referee)
Dissertation thesis Banks' performance in low and negative interest rate environment Author: Mgr. Petr Hanzl'ık Abstract This dissertation consists of four empirical papers that focus on the performance of banks in the low or even negative interest rate environment characteristic for the decade after the global financial crisis of 2007-2009. The first paper focuses on the analysis of a re- lationship between the net interest margin (NIM) of EU banks and market interest rates in a low-interest rate environment while controlling for the impact of market concent- ration by examining a large sample of annual data on 629 banks from EU countries for the 2011-2016 period. The results show a positive concave relationship between NIM and short-term interest rates, deterioration of NIM for all types of banks and a higher market concentration leading to higher NIM. In the second paper, we examine the determinants of NIM of European and US banks in a zero lower bound (ZLB) situation while control- ling for institutional design factors, i.e. difference between capital-based and bank-based financial markets. We analyse a large sample of annual data on 629 European banks and 526 US during the 2011-2016 period confirming that NIM is significantly influenced by the different institutional designs. The third paper deals with...
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Examining Innovation-Growth View and Innovation-Fragility View: A Case of European Countries
Xu, Yunqiao ; Janda, Karel (advisor) ; Radošević, Slavo (referee) ; Hanzlík, Petr (referee)
This thesis examines the innovation-growth view and innovation-fragility view on the impacts of financial innovation on banking performances in 22 European countries. It focuses on three aspects of analysis: the relationship between financial innovation and bank growth, the relationship between financial innovation and bank stability, and the relationship between financial innovation and banking performance reduction during the COVID-19 pandemic. The panel data sample consists of 4479 active banks in 22 European Union countries from 2008 to 2020. This paper uses the fixed effects model. The paper finds that financial innovation contributes to both bank asset growth rate and bank loan growth rate. Banks with lower market shares, higher loan to asset ratios, and higher tier 1 capital ratios have faster asset growth rates compared to others. Financial R&D intensity value added leads to both lower bank z-score and lower log bank z-score, while the ratio of off-balance sheet items to total assets leads to a higher log bank z-score. There is also evidence for cross-country variation. During the COVID-19 pandemic, off-balance sheet items divided by total assets negatively impacts the change in ROA for banks between 2018 and 2020, which supports the innovation-fragility view.
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Impacts of Brexit referendum on European banks: evidence from Country-by-Country Reporting
Moravec, Petr ; Janský, Petr (advisor) ; Janda, Karel (referee)
1 Abstract In the negotiation period of Brexit in the years 2016-2019, banks in the UK had to plan their activity based on the expectation of whether they would have passporting rights in the future or not. The referendum's consequences may foreshadow what the actual Brexit will entail. This master thesis investigates the impact of the Brexit referendum in 2016 on the banking activity of the 45 largest European banks during the negotiation period. I use gravity analysis for inter-country transactions, and a brand-new "Synthetic Difference in Differences", together with Synthetic Control and standard Difference in Differences, for intra-country transactions. Although all of these methods were used in the literature in the context of the Brexit referendum, the Country-by-Country Reporting (CbCR) dataset that I use has not yet been used in such a context. I use turnover reported in CbCR by European banks as a proxy for banking activity in the years 2013-2019 and, thus, have four pre-treatment years (i.e., 2013-2016) and three post- treatment years (i.e., 2017-2019). Using the gravity model, I discovered empirical evidence that banks reported lower turnover since the Brexit referendum in their partner countries by between 14.5% and 44.6% relative to their domestic country. Yet, banks that have British...
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SME Access to Finance and Monetary Policy of the ECB
Brázdová, Martina ; Horváth, Roman (advisor) ; Dědek, Oldřich (referee)
The objective of this thesis is to provide new insights into determinants of firm access to finance, and the role of the European Central Bank's (ECB) monetary policy. Not only do we describe and analyze the determinants of access to finance, but we focus on the theory of financial intermediation, as well. The key part analyses European Commission (EC)/ECB survey data for 16 euro area economies from 11 survey waves in the period from 2009 to 2014. We build our model using traditional firm-level variables such as firm size and age as well as a novel measure of the ECB's monetary policy stance - the shadow rate. We hypothesize that smaller and younger firms with decreased profitability over the past 6 months and increased leverage over the same period are more likely to report problems with access to finance. Our results are intuitively consistent with theoretical expectations and also show that the looser the monetary policy of the ECB is, the lower the composite financing gap indicator. Interestingly, we do not confirm the existence of risk taking channel of the monetary policy. Overall, we make use of the most recent survey data, extend the dataset, and use modified methodology for our estimation.
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Basel III: Evaluation and Impact in the Czech Republic
Gleta, Jakub ; Teplý, Petr (advisor) ; Geršl, Adam (referee)
The thesis is focused on content and impact of the new Basel Capital Accord, commonly known as Basel III. These rules react to recent development in global financial markets and introduce some substantial changes into regulatory approach, which include changes to the definition and required amount of regulatory capital and presents new liquidity requirements. The thesis then assesses new rules form two points of view. First, a quantitative model is constructed that predicts the impact of new rules on capital adequacy of four major Czech banks based on default rates data. In the second part of the analysis, institutional impact of new regulation is stressed, namely the question of how new rules fit within the theoretical framework of optimal regulatory architecture and what pitfalls they have. The thesis is unique in the eclectic nature of its approach, whereby two seemingly disparate approaches oppose each other and an attempt at synthesis is presented. Keywords Banking regulation, Basel II, Basel III, capital adequacy, capital accords, regulatory impact analysis, credit risk JEL classification G21, G28
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Manipulation of basel risk weights: revising the Czech banking sector
Nováčková, Tereza ; Andrlíková, Petra (advisor) ; Jakubík, Petr (referee)
This thesis provides the empirical analysis of the second Basel regulatory framework implementation in Czech banks together with the economic performance inspection of the Czech banking sector. With Basel II, banks face the possibility to implement internal models to calculate capital adequacy related to bank's risk exposure. This possibility opens a discussion of its economic effect, transparency and potential misuse of the internal models. The empirical part of this thesis examines how the profitability and the reported riskiness change with internal models implementation. Furthermore, the role of cost efficiency to bank's profitability and risk adequacy ratio is evaluated. The panel data analysis of all Czech banks over a period 2006 to 2012 demonstrates that internal models for capital adequacy calculation increase bank's profitability together with a decrease of the reported riskiness measured by risk weighted assets. Moreover, the cost efficiency has proven to be a significant indicator of both profitability and capital adequacy ratio.
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Post-crisis banking regulation development in the EU
Didyk, Anna ; Tomášek, Michal (advisor) ; Vondráčková, Aneta (referee)
Post-crisis banking regulation development in the EU Abstract (EN) After the Global Financial Crisis and the subsequent European sovereign debt crisis, there was a clear need for changes in the EU regulatory framework. Insufficient regulation was identified as one of the main reasons why the crisis led to such far-reaching negative consequences in the financial system. This work aims to analyse the developments in the financial regulation in the EU banking system following the aforementioned crisis. It starts by outlining the banking regulation in place before the Global Financial Crisis, follows with the description of the crisis itself and the reasons behind it, and, finally, examines in detail the changes in the regulatory framework that were implemented in the EU in order to prevent the same scenario from happening in the future. This thesis presents the most significant regulatory changes that have occurred, such as the European System of Financial Supervision, implementation of Basel III in the EU through the Capital Requirements Directive and the Capital Requirements Regulation, creation of the Banking Union and the Deposit Guarantee Schemes Directive. It further analyses the reasons for the implementation of the aforementioned changes to the regulation, and, ultimately, tries to assess whether the...
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Privatization of banks in Slovakia and its impact on bank market
Soták, Branislav ; Půlpán, Karel (advisor) ; Slavíček, Ján (referee)
This diploma thesis deals with the transition and privatization of banks in Slovak Republic. In the beginning, it describes the theoretical background of financial transition. It then copes with the emergence of two-tiered banking and privatization and its implications for the uprise of a Slovak specific corporate governance model, in which banks played a crucial role. The third part investigates problems of the development of the banking sector until late 90s, mostly the vast non-performing loan portfolio. These problems eventually led to a banking crises, that was necessary to be solved via costly restructuring and privatization of banks with the entry of strategic foreign investors, the fourth part describes the process. The last part is dedicated to an empirical analysis of the impact of various ownership forms on the cost efficiency of banks in the sample of Czech and Slovak banks in the period 1996-2005. To estimate the efficiency we use the stochastic frontier approach with the translog specification of the cost function. The results support the hypothesis that privatized banks are more cost efficient than stateowned banks.
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Personal data processing in banking sector within the context of banking secrecy
Milerová, Sylvie ; Bakeš, Milan (advisor) ; Radvan, Michal (referee) ; Kohajda, Michael (referee)
Personal data processing in banking sector within the context of banking secrecy Abstract Banking secrecy is a concept which has been intertwined with the provision of banking services since the very beginnings of this industry. Even though it is a universally known concept, its legal definition, including piercings of banking secrecy, is not comprehensive. In recent years, its form and the possibilities of piercing it have been evolving considerably due to often conflicting modern legislative trends (emphasis on consumer protection, emphasis on data processing transparency, support of client mobility in the banking sector, support of innovative financial services, sharing of data for crime prevention incl. terrorism, money laundering and tax evasion). The goal of this thesis is to present banking secrecy in a complex manner including the categories and the respective individual concrete piercings within the context of data processing legislation, including laying out interpretation problems from practice and proposing concrete solutions. Further, the thesis, where suitable, the thesis also includes proposals de lege ferenda. The thesis begins with an introduction to the subject matter and is further divided into four chapters, which are followed by a conclusion that sums up the partial conclusions made...
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