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Panoeconomicus
2014, vol. 61, br. 2, str. 193-206
jezik rada: engleski
vrsta rada: izvorni naučni članak
objavljeno: 10/05/2015
doi: 10.2298/pan1402193m
Determinants of non-performing loans: The case of Eurozone
(naslov ne postoji na srpskom)
Department of Business Administration, University of Patras, Greece

e-adresa: vmakri@upatras.gr, atsagkanos@yahoo.gr, bellas@upatras.gr

Sažetak

(ne postoji na srpskom)
The purpose of the present study is to identify the factors affecting the non-performing loans rate (NPL) of Eurozone's banking systems for the period 2000-2008, just before the beginning of the recession. In our days, Eurozone is in the middle of an unprecedented financial crisis, calling into question the soundness of the banking systems of European countries. Looking at both macro-variables (e.g. annual percentage growth rate of gross domestic product, public debt as % of gross domestic product, unemployment) and micro-variables (e.g. loans to deposits ratio, return on assets, return on equity), we investigate which factors determine NPL on aggregate level. Overall, our findings reveal strong correlations between NPL and various macroeconomic (public debt, unemployment, annual percentage growth rate of gross domestic product) and bank-specific (capital adequacy ratio, rate of non­performing loans of the previous year and return on equity) factors.

Ključne reči

Non-performing loans; Bank specific variables; Macroeconomic variables; GMM difference

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