Naslov
The external shock impact on the financial soundness indicators of financial institutions in Croatia

Autori
Jakšić, Saša ; Tuškan Sjauš, Branka ; Mihelja Žaja, Maja

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Book of Abstracts: 19th International Conference on Operational Research KOI 2022 / Mijač, Tea ; Šestanović, Tea - Split : Hrvatsko društvo za operacijska istraživanja (CRORS), 2022, 109-109

Skup
19th International Conference on Operational Research (KOI 2022)

Mjesto i datum
Šibenik, Hrvatska, 28.09.2022. - 30.09.2022

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
financial soundness indicators, financial institutions, external shock(s), Croatia

Sažetak
This research aims to determine the impact of dynamic and unstable macroeconomic, financial, political or social environment caused by unpredictable event(s) on financial soundness indicators of the most important traditional financial institutions in the Republic of Croatia - commercial banks and insurance companies. Additionally, the impact of regulatory changes on the financial institutions’ preparedness and reaction to external shocks will also be accounted for. The empirical analysis is based on data for the period from 2005 to 2021 and performed separately for the banking sector and insurance companies. Dependent variables used in the model encompass financial soundness indicators in the field of profitability, efficiency, liquidity, risk exposure and capitalisation whereas chosen macroeconomic indicators represent changes in the macroeconomic, political, financial or social environment. The results revealed that the 2008 financial and economic crisis had a larger impact on the soundness of financial institutions than the unpredictable and somewhat stronger shock caused by the 2020 Covid-19 pandemic.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA