[雙語翻譯]外文翻譯--銀行盈利能力的驅(qū)動因素拉脫維亞和立陶宛的案例

1、3100 英文單詞， 英文單詞，17500 英文字符，中文 英文字符，中文 5350 字文獻(xiàn)出處： 文獻(xiàn)出處：Titko J, Skvarciany V, Jurevi?ien? D. Drivers of bank profitability: Case of Latvia and Lithuania[J]. Intellectual Economics, 2016, 9(2):120-129.Drivers of bank prof

2、itability: Case of Latvia and LithuaniaJelena Titko, Viktorija Skvarciany, Daiva Jurevicˇiene˙AbstractThe issues regarding measuring and managing bank performance are always on the agenda due to the critically important

3、role of banks in the national economies of new member states of the European Union. The goal of the given study is to explore drivers of bank profitability in Latvia and Lithuania. Research period covers 2008–2014. Perfo

4、rmance of the banking sector is proxied by profitability ratios. The set of explanatory factors involves financial and non-financial measures. The core research method is a multiple regression analysis. Data processing i

5、s performed in SPSS environment. The paper contributes to the scope of knowledge regarding bank performance drivers and the research results provide the basis for the future studies in the related field.Keywords: Bank pr

6、ofitability; Regression analysis; Latvia; Lithuania.1. IntroductionThe issues regarding bank performance and its drivers have been a frequently chosen topic for discussion among academicians and business professionals. B

7、esides, the importance of these issues is always emphasized by governmental authorities due to the large contribution of banks into the national economic growth.Recent global financial crisis revealed the fact that Balti

8、c banking sector is exposed to earnings risk more than the banking sector of other European countries. In 2009, ROE in the banking sector of Latvia and Lithuania was –44% and –56%, respectively (ECB, 2009a). In turn, ave

9、rage ROE in EU27 was only –2.83. Thus, issues regarding reasonable management of bank performance are still prioritized.Exploring the drivers of bank performance, some authors put the emphasis on the macroeconomic variab

10、les (Gerlach, Peng, Jurevicˇiene˙ Titko, Kozlovskis, Titko Bonin, Hasan, Grigorian Ko?ak, Zajc, Vazquez, Tabak, Ahmed, Rezaul, Akhisar, Tunay, Ngari Jegede, 2014; Ogbuji, Onuoha, Malhotra Flamini, Schumac

11、her, Muda, Shaharuddin, Rachdi, 2013). A number of studies confirmed the hypothesis about the negative relationship between bank profitability and operational efficiency expressed by cost-to-income ratio (Ali,Akhtar,

12、 Rachdi, 2013; Trujillo-Ponce, 2013).As for e-banking services, it was proved that a greater use of electronic payment instruments can improve bank performance. Based on the country-level retail payment service data from

13、 across 27 EU markets, evidence confirms that banks perform better in countries with more developed retail payment services. This relationship is stronger in countries with more retail payment transaction equipment, like

14、 automatic teller machines (ATMs) and point-of-sale (POS) terminals (Sumra et al., 2011).3. Methodology3.1. Research environmentThe role of banks in the Latvian and Lithuanian banking sector is still more important than

15、the role of other financial sector players, such as insurance companies, pension funds and others. According to the Latvian statistics provided by FCMC (FCMC, 2015), as for the 3rd quarter of 2015 the volume of total ban

16、k assets was equal to 31.5 billion. In turn, the volumes of total assets of private pension funds, insurance companies and credit unions were only 304 million, 636 million and 24 million, respectively.As of 2014, sevente

17、en local banks and ten financial service providers from the European Economic Area operated in Latvia (ACBL, 2015). In turn, Lithuanian banking sector is represented by seven local banks and nine foreign banks (Bank of L

18、ithuania, 2015).Banking business in Latvia and Lithuania is concentrated in a few major banks. Statistics on concentration in the banking sector of Latvia and Lithuania, compared with other new member states of the Europ

19、ean Union, is summarized in Fig. 1 (ECB, 2015a). Concentration is represented by CR5 ratio (market share of five largest banks).The banking sector in the Baltic countries is a very concentrated one, especially in Lithuan