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[{"key": "dc.contributor.advisor", "value": "Raatikainen, Juhani", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Karjalainen, Alisa", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2023-12-18T08:03:29Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2023-12-18T08:03:29Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2023", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/92379", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "Pro gradu -tutkielma k\u00e4sittelee pankkien luottoriskin ja kannattavuuden v\u00e4list\u00e4 yhteytt\u00e4. Tutkielmassa mitataan miten pankkien riskinotto vaikuttaa pankkien kannattavuuteen kolmen eri kannattavuusmuuttujan kautta mitattuna. Tutkielma sis\u00e4lt\u00e4\u00e4 empiirisen osion, jossa mitataan eurooppalaisten pankkien riskinoton vaikutuksia kannattavuuteen. Pankeista ker\u00e4tty otos k\u00e4sitt\u00e4\u00e4 paneelihavainnot vuodesta 2005 vuoteen 2021.\nPankkien toimintaymp\u00e4rist\u00f6 on muuttunut viime aikoina merkitt\u00e4v\u00e4sti. Ennen vuotta 2022 Euroopan keskuspankin harjoittama rahapolitiikka oli eritt\u00e4in elvytt\u00e4v\u00e4\u00e4. Elvytt\u00e4v\u00e4\u00e4 rahapolitiikkaa on harjoitettu muun muassa asettamalla Euroopan keskuspankin ohjauskorko eritt\u00e4in matalalle, jopa negatiiviseksi. Matalat korot kaventavat pankkien korkomarginaaleja, mik\u00e4 vaikuttaa pankkien kannattavuuteen laskevasti. Pankit ovat joutuneet reagoimaan kannattavuuden laskuun matalan korkotason ymp\u00e4rist\u00f6ss\u00e4 esimerkiksi kasvattamalla luottoriski\u00e4 sek\u00e4 korottamalla palvelumaksuja. \nPankkien riskinottoa ja kannattavuutta k\u00e4sitell\u00e4\u00e4n tutkielmassa kirjallisuuskatsauksella sek\u00e4 empiirisell\u00e4 analyysilla, jossa mitataan pankin luottoriskin kasvun vaikutusta kannattavuuteen. Empiirinen analyysi sis\u00e4lt\u00e4\u00e4 kolme eri kannattavuusmuuttujaa, jotka ovat p\u00e4\u00e4oman tuotto, riskipainotettujen omaisuuserien tuotto sek\u00e4 nettokorkomarginaali. Luottoriski\u00e4 kuvaa pankin kirjaamat luottotappiovaraukset suhteessa lainojen kokonaism\u00e4\u00e4r\u00e4\u00e4n. Tutkimuksen otos pankeista jaetaan ryhmiin perustuen luottotappiovarausten m\u00e4\u00e4r\u00e4\u00e4n, ja tutkimuksessa vertaillaan vaikutuksia n\u00e4iden pankkiryhmien v\u00e4lill\u00e4.\nTulosten mukaan luottoriskin kasvu nostaa pankin nettokorkomarginaalia. Lis\u00e4ksi tulokset osoittavat, ett\u00e4 analyysin muilla kannattavuusmuuttujilla mitattuna kasvanut riskinotto pienent\u00e4\u00e4 pankkien kannattavuutta. Toisaalta, kun malliin lis\u00e4t\u00e4\u00e4n viiv\u00e4stetty luottoriskimuuttuja, vaikutus on p\u00e4invastainen ja kasvanut riskinotto kasvattaa pankkien kannattavuusmuuttujia osoittaen, ett\u00e4 lis\u00e4\u00e4ntynyt luottoriski kasvattaa pankin tuottoja. Tutkielman empiirisess\u00e4 mallissa k\u00e4ytetty useamman periodin viiv\u00e4stetty luottoriskimuuttuja voidaan n\u00e4hd\u00e4 laajennuksena aikaisempaan pankkien kannattavuutta tutkivaan kirjallisuuteen verrattuna.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.abstract", "value": "This paper studies the relationship between bank risk-taking and profitability focusing on the impact of credit risk on profitability. The sample consist of European banks\u2019 balance sheet information and some macroeconomic and banking industry specific indicators. The panel data set covers years 2005-2021. \nThe banking environment has changed radically in the past years. Before the year 2022 monetary policy interest rates had been extremely low. Due low interest rates the profitability of banking sector was under pressure during the period of expansive monetary policy. Because of the shrunken interest income margins banking sector had to search yield from other sources. This effect could have increased bank\u2019s credit risk-taking. \nThis study combines previous literature and empirical analysis to observe the impact of increased risk-taking on bank profitability. The empirical analysis studies the impact using three different profitability variables that are return on assets, return on risk-weighted assets and net interest margins. In the empirical analysis credit risk is described as loan loss reserves to total loans. The sample of banks used in the analysis is divided into groups that represent banks with either the smallest or the highest ratio of loan loss reserves.\nThe results of the study suggest that the impact of risk-taking on profitability is complex. The evidence shows that increased risk-taking has positive impact on net interest margin. Based on the results of other profitability variables used in the analysis the results suggest that increase in credit risk-taking would decrease bank profitability. However, the results suggest that when the credit risk variable is lagged, the impact of risk-taking turns to the opposite direction. The evidence indicates that in the long-run risk-taking increases profitability. This study brings a new extension compared to previous studies investigating bank profitability. The extension is that the analysis includes lagged periods of credit risk-taking in the empirical model.", "language": "en", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Miia Hakanen (mihakane@jyu.fi) on 2023-12-18T08:03:28Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2023-12-18T08:03:29Z (GMT). No. of bitstreams: 0\n Previous issue date: 2023", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "55", "language": "", "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.language.iso", "value": "eng", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": null, "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.title", "value": "The impact of bank's risk-taking on profitability", "language": "", "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-202312188374", "language": "", "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Master\u2019s thesis", "language": "en", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Pro gradu -tutkielma", "language": "fi", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Taloustieteet", "language": "fi", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Business and Economics", "language": "en", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Taloustiede", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Economics", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "yvv.contractresearch.funding", "value": "0", "language": "", "element": "contractresearch", "qualifier": "funding", "schema": "yvv"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.copyright", "value": "\u00a9 The Author(s)", "language": null, "element": "rights", "qualifier": "copyright", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": null, "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.subject.oppiainekoodi", "value": "2041", "language": "", "element": "subject", "qualifier": "oppiainekoodi", "schema": "dc"}, {"key": "dc.subject.yso", "value": "luottoriskit", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "kannattavuus", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "riskinotto", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "rahapolitiikka", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "credit risks", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "profitability", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "risk-taking", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "monetary policy", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://rightsstatements.org/page/InC/1.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}]
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