20.500.12556/DKUM-94119 Estimating the determinants of bank profitability comparative study for EU and US banks Ocena dejavnikov dobičkonosnosti bank Primerjalna študija za banke EU in ZDA Background/Purpose: This paper examines the significant differences in market returns between the US and EU banking sectors following the 2008 financial crisis. The analysis reveals that the profitability of US banks, measured by return on equity, is higher than that of European banks, partially explaining the observed differences in returns. Methodology: The study employs two unbalanced panels of data for EU and US banks covering the period 2008- 2022. Static and dynamic estimators were used to identify significant determinants of bank profitability that include the impact of the profitability trend in the observed period on future profitability. Results: Based on a sample of 250 banks, operational efficiency, diversification, and risk were found to influence the profitability of banks in both regions. For European banks, past profitability, the share of deposits and loans in assets, and inflation were also found to exert influence. On the other hand, American banks exhibit a higher predictive power for these variables, confirming the differences in determinants between the two markets. Although risk partially explains the higher profitability of American banks, other results did not confirm the original hypothesis. Conclusion: The main contribution of the paper is a direct comparison of the determinants of profitability for EU and US banks using static and dynamic models in the post-2008 financial crisis period. In addition, the existing methodology of static models with dynamic estimators has been extended by WLS models and robust estimators, and it was shown that there are certain determinants influencing their profitability that should be extended and subsequently examined. Ozadje/Namen: Članek preučuje pomembne razlike v tržnih donosih med bančnima sektorjema ZDA in EU po finančni krizi leta 2008. Analiza razkriva, da je dobičkonosnost ameriških bank, merjena z donosom na kapital, višja kot pri evropskih bankah, kar delno pojasnjuje opažene razlike v donosih. Metodologija: Študija uporablja dva neuravnotežena panela podatkov za banke EU in ZDA, ki zajemata obdobje 2008-2022. Statični in dinamični ocenjevalci so bili uporabljeni za identifikacijo pomembnih dejavnikov dobičkonosnosti bank, ki vključujejo vpliv trenda dobičkonosnosti v opazovanem obdobju na prihodnjo dobičkonosnost. Rezultati: Na podlagi vzorca 250 bank so bile ugotovljene operativna učinkovitost, diverzifikacija in tveganje kot dejavniki, ki vplivajo na dobičkonosnost bank v obeh regijah. Za evropske banke so bili ugotovljeni tudi vplivi pretekle dobičkonosnosti, deleža vlog in posojil v sredstvih ter inflacije. Po drugi strani pa ameriške banke kažejo večjo napovedno moč za te spremenljivke, kar potrjuje razlike v dejavnikih med obema trgoma. Čeprav tveganje delno pojasnjuje višjo dobičkonosnost ameriških bank, drugi rezultati niso potrdili prvotne hipoteze. Zaključek: Glavni prispevek članka je neposredna primerjava dejavnikov dobičkonosnosti za banke EU in ZDA z uporabo statičnih in dinamičnih modelov v obdobju po finančni krizi leta 2008. Poleg tega je bila obstoječa metodologija statičnih modelov z dinamičnimi ocenjevalci razširjena z WLS modeli in robustnimi ocenjevalci, kar je pokazalo, da obstajajo določeni dejavniki, ki vplivajo na njihovo dobičkonosnost in bi jih bilo treba razširiti in nadalje preučiti. profitability EU/US banks panel data static models dynamic estimators dobičkonosnost banke EU/ZDA panelni podatki statični modeli dinamični ocenjevalci true true true Angleški jezik Slovenski jezik Neznano 2025-08-04 12:54:54 2025-08-04 12:54:54 2025-08-07 13:02:20 0000-00-00 00:00:00 2025 0 0 str. 31-47 issue 1 Vol. 58 2025 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 2025-02-01 336.71 243740163 10.2478/orga-2025-0003 1318-5454 https://organizacija.fov.um.si/issues/vol-58-no-1-2025/ 1 7452594a-7121-11f0-9178-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=194752 RAZ_Mijoc_Ivo_2025.pdf RAZ_Mijoc_Ivo_2025.pdf 1 61FC1C2D60901BA087B0DED1133555B3 bfc22829c0692c6dd0b9989d1f10578d696d49aa42969dcb87664b1fd2f80578 fa06f08a-7121-11f0-9178-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=194754 Fakulteta za organizacijske vede Organizacija 0 0 0