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dc.contributor.authorMiguelez, Esteban-
dc.contributor.authorSpiteri, Jonathan-
dc.contributor.authorGrima, Simon-
dc.identifier.citationMiguelez, E., Spiteri, J., & Grima, S. (2019). Establishing the contributing factors to the resurrection of PIIGS banks following the crisis : a panel data analysis. International Journal of Economics and Business Administration, 7(1), 3-34.en_GB
dc.description.abstractIn this article, we analyse empirically the factors that allowed for the improvement and strengthening of the banking systems in Greece, Ireland, Italy, Portugal and Spain (known as the PIIGS) during the post-financial crisis period 2011-2016. We use panel data on 200 banks and measure their financial soundness using the z-score. Our results show that the improvement is mainly due to managerial factors. To ensure stability, banks must monitor their loans and avoid non-performing loans. The public authorities should try to control banks’ size, encouraging medium-sized banks since these tend to perform better on average while limiting the existence of banks, whose size and importance (despite economies of scale) can destabilize the entire system in case of bankruptcy. Finally, different from previous studies, we include herein the refinancing programmes into the analysis of financial soundness and show that the financial assistance programs have been necessary to ensure the recovery of the banking systems.en_GB
dc.publisherEleftherios Thalassinosen_GB
dc.subjectBanks and banking -- European Union countriesen_GB
dc.subjectBanks and banking -- Technological innovations -- European Union countriesen_GB
dc.subjectFinancial crises -- European Union countriesen_GB
dc.subjectFinancial risk management -- European Union countriesen_GB
dc.titleEstablishing the contributing factors to the resurrection of PIIGS banks following the crisis : a panel data analysisen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleInternational Journal of Economics and Business Administrationen_GB
Appears in Collections:IJEBA, Volume 7, Issue 1

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