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The risk effects of the evolution of financial conglomerates.

100%
Szule B.
Kozgazdasagi Szemle (Economic Review)
|
2006
|
vol. 53
|
issue 7/8
661-680
EN
Supplementary supervision of the risk of financial conglomerates has been regulated since 2005 by a new directive in the European Union. In many countries, financial conglomerates have evolved in recent decades with ownership links displaying the ever stronger cooperation of banks and insurance companies. The effects of the evolution of such financial conglomerates have not been fully explored. Despite the empirical relevance of this question, indicated also by the passage of the new EU directive, the theory of the risk effects accompanying the evolution of financial conglomerates is remarkably undeveloped. The article offers a new theoretical framework that separates the transaction, motivation and portfolio effects of the establishment of financial conglomerates and analyses the consequences of these effects on the institution-level stability of banks and insurance companies.
2

EFFICIENCY CHANGE OF BANKING SECTORS AND BANKS IN THE FINANCIAL CONGLOMERATES IN VISEGRAD GROUP COUNTRIES

88%
Palečková I.
Ekonomický časopis (Journal of Economics)
|
2017
|
vol. 65
|
issue 1
79 – 92
EN
The objective of this paper is to estimate the efficiency change in the banking sectors of the group of Visegrad countries during the 2009 – 2013 period and to determine whether banks that belong to a financial conglomerate are more or less efficient than other banks in the sector. We used Data Envelopment Analysis and the Malmquist index to analyse the banking efficiency. The positive efficiency change during the 2009 – 2013 periods was primarily due to innovation, superior management and technological growth. There were differences in banks in the financial conglomerates across Visegrad group countries. Several banks from the financial conglomerate were less efficient than other banks in the banking industry.
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