Faculty of Economics

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    Item type:Publication,
    Impact of Bank Concentration on Volatility – The Case of European Economies
    (Faculty of Economics-Skopje, Ss. Cyril and Methodius University in Skopje, 2023-12-15)
    ;
    The goal of this paper is to investigate the impact of concentration in the banking sector on the economic and financial stability. Having in mind that the European countries are predominantly bank-centered, we begin with the assumption that too much power concentrated in a small number of financial institutions could have a significant impact on the entire economy. Therefore, our aim is to examine the impact of concentration in the banking sector on the stability of both the financial system and the economy. For the purpose of the study, we have created a sample of 44 European countries, with data covering the period 2000-2021. The methodology involves two econometric techniques: logistic regression and the Generalized Method of Moments procedure to address the problem of possible endogeneity of the data. Using a set of independent variables representing the level of concentration and competition, as well as a set of controlling variables, the results show that the higher concentration of assets among the largest banks has a negative impact on economic stability, while the impact on financial stability is undetermined. The remaining variables show that the countries with higher growth rates and higher capital investments exhibit more stable growth, while the impact of inflation is generally negative.
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    ESG Adoption in the Banking Sector of the Western Balkan Countries
    (2023-12-15)
    Barjaktarović Rakočević, Sladjana
    ;
    Benković, Sladjana
    Environmental, Social and Governance criteria (ESG) have been raising attention from all the stakeholders – governments, supervisors, businesses, financial institutions, investors etc. ESG has become mainstream in business strategy. Today, ECG criteria are an important and even obligatory part of the corporate strategy and sustainable development of a business. Those criteria are being used to evaluate business practice and performance. Studies have shown that applying ESG criteria properly could create higher value for the business. Western Balkan countries need sustainable financing and investments. In that regard, the banking sector in this region starts introducing ESG criteria in their metrics when approving financing for the companies. Sustainable financing is dedicated now to those companies that apply ESG framework in their business strategies. This paper aims to describe the current level of ESG adoption in the banking sector of the Western Balkan countries using SWOT analysis. Analysis has shown that the banking sector in Western Balkan countries has a good starting point to use strengths and opportunities for stronger development of ESG criteria for themselves and to support business in ESG reporting. In that regard, this paper contributes to the Western Balkans banks to remind them to further use and enhance their strengths and opportunities, but, on the other hand, to pay special attention and to focus more on those ESG criteria that are currently weak and represent threats for the ESG implementation in the Western Balkan’s banking sector.