Iulian Ihnatov
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View article: Environmental tax mechanism in Kazakhstan: theoretical approach
Environmental tax mechanism in Kazakhstan: theoretical approach Open
Rapid technological and economic development has posed serious environmental threats, with toxic emissions and waste accumulation affecting both developed and developing countries. The environment is greatly impacted by the release of toxi…
View article: The Impact of Reforms on Commonwealth of Independent States’ Banking Profitability
The Impact of Reforms on Commonwealth of Independent States’ Banking Profitability Open
The main objective of the paper is to assess the impact of reforms on bank profitability in the eleven banking systems from the Commonwealth of Independent States (all current or former members): Armenia, Azerbaijan, Republic of Belarus, G…
View article: Bank competition and risk-taking in the European Union: Evidence of a non-linear relationship
Bank competition and risk-taking in the European Union: Evidence of a non-linear relationship Open
This paper assesses the impact of bank specialisation and business models on the relationship between competition and risk. We tested the non-linear relationship between bank competition and risk on an extensive sample of 5,119 European ba…
View article: The nexus between corporate governance, risk taking, and growth
The nexus between corporate governance, risk taking, and growth Open
In this study we assess the impact of corporate governance on the risk investment behavior of firms and its implications on firms' growth rate. Using a sample of non-financial companies from 10 countries over a period leading to the recent…
View article: THE EFFECT OF MAJOR EVENTS ON BANK SHARE PRICE IN ROMANIA
THE EFFECT OF MAJOR EVENTS ON BANK SHARE PRICE IN ROMANIA Open
The aim of this paper is to investigate three main events which have influenced Banca Transilvania’s stock price movements. This paper employs the event study methodology. The expected returns are computed by using two different models: Ma…
View article: Changes of Executives and Ownership in a Romanian Small Bank: an Event Study Approach
Changes of Executives and Ownership in a Romanian Small Bank: an Event Study Approach Open
The aim of this paper is to study the impact of four different events on the evolution of stock prices of Banca Comerciala Carpatica, using event study methodology. The series of events ended with a substantial change of the bank ownership…
View article: The Impact of International Financial Crisis on Bank Performance in Eastern and Central European Countries
The Impact of International Financial Crisis on Bank Performance in Eastern and Central European Countries Open
In this paper we investigate the determinants of bank profitability in 10 countries from Central and Eastern Europe, in the period between 2004 and 2013. We proxy the profitability of banks with more commonly used ratio: the return on asse…
View article: Exchange rate regimes and external financial stability
Exchange rate regimes and external financial stability Open
Financial stability within the framework of the global financial crisis has become a common topic for researchers and practitioners. In order to analyse the impact of exchange rate regimes on financial stability we use both the de jure and…
View article: IS CAPM AN EFFICIENT MODEL? ADVANCED VERSUS EMERGING MARKETS
IS CAPM AN EFFICIENT MODEL? ADVANCED VERSUS EMERGING MARKETS Open
CAPM is one of the financial models most widely used by the investors all over the world for analyzing the correlation between risk and return, being considered a milestone in financial literature. However, in recently years it has been cr…
View article: Public Debt and Economic Growth: A Two-Sided Story
Public Debt and Economic Growth: A Two-Sided Story Open
The recent European sovereign debt crisis proved public debt issues should not be easily approached. While, prior to the crisis, public debt was of little concern in most of the developed European countries, as there had been no recent epi…
View article: Determinants Of Bank’s Profitability In EU15
Determinants Of Bank’s Profitability In EU15 Open
In this paper we analyse determinants of bank profitability of EU15 banking systems for the period 2001-2011. We use as proxy for banks profitability the return on average assets (ROAA), the return on average equity (ROAE) and net interest…
View article: Determinants of Banks’ Profitability: Evidence from EU 27 Banking Systems
Determinants of Banks’ Profitability: Evidence from EU 27 Banking Systems Open
In this study we assess the main determinants of banks' profitability in EU27 over the period 2004-2011. We split the factors that influence bank profitability in two large groups: bank-specific (internal) factors and industry specific and…