Banking Sector and Economy of CEE Countries: Development Features and Correlation

Umantsiv, Yu. M.; Ищенко, Е. В.

doi:10.24193/jssp.2017.1.05

Cited by 6 publications

(4 citation statements)

References 2 publications

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“…Hegerty (2016) studies, in terms of the main economic sectors, the catch-up chances of the eleven new CEE member states at the NUTS 3 level between 2000 and 2013. The study included the industrial, construction, finance (Umantsiv-Ishchenko 2017), insurance, and real estate sectors as well as gross value added. The absolute beta-convergence analysis produced significant results only in exceptional cases.…”

Section: Spatial Interactions and Convergence Mainly In The Central Amentioning

confidence: 99%

The spatial peculiarities of economic and social convergence in Central and Eastern Europe

Egri¹,

Tánczos²

2018

Reg. Stat.

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This study examines the convergence and catchup effects of the economic and social (well-being) performance of the NUTS 2 regions of Central and Eastern Europe between 2004 and 2014. The separate management of these two development dimensions is justified by the fact that they have no clear relationship. In the study, the theory of closed economies is abandoned and, thus, the performed regression analyses include spatial interactions and spillover effects. As the applied regressions provide only an average picture about the studied phenomenon, the authors also present the individual paths for each region. The results confirm the theory of absolute convergence for both the economic and social convergence. Thus, regardless of any other explanatory factor, less developed regions tend to converge with the more developed ones. The traditional examinations and those that assess spatiality aspects point to a faster annual convergence rate of well-being, so the two phenomena have different dynamics. This is partly supported by the individual regional catch-up paths. Furthermore, it clearly complements the mathematicalstatistical results. The novel results highlight the catching up of the 'local dimension' that puts the regions along the two dimensions as 'catch-up not complete' and 'catch-up complete'. The authors' results suggest a non-parallel way of achieving social and economic cohesion.

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Section: Spatial Interactions and Convergence Mainly In The Central Amentioning

confidence: 99%

The spatial peculiarities of economic and social convergence in Central and Eastern Europe

Egri¹,

Tánczos²

2018

Reg. Stat.

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“…The research of corporate governance system of the state was made by R. Mukha (Mukha, 2012), O. Paskhaver (Paskhaver, 2008), A. Fedorenko (Fedorenko, 2014), Iu. Umantsiv, O. Ishchenko (Umantsiv, Iu., Ishchenko, O., 2017) and others. In the works of S. Lazzarini (Lazzarini, 2018), O.Tkachuk, V. Khachatryan, (Tkachuk, Khachatryan, 2019), V. V. Bokovets et al (Bokovets, Zamkova, Makhnachova, 2017) the effectiveness of state and private enterprises is compared.…”

Section: Analysis Of Recent Research and Publicationsmentioning

confidence: 99%

Modern Trends in Governance of State Ownership Relations

Umantsiv¹,

Lebedeva²,

Mytrofanova³

2020

BJES

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Today, the diversity of functions of the state is objectively expanding, especially in the context of socially oriented economies of developed countries. Effective governance of state property serves as a solid foundation for successful performance of the state functions. The chosen topic is of particular relevance in the context of Ukraine's transformational economy. The subject of research is the system of economic relations of state property. Methodology. In the course of the study, a general philosophical dialectical method was used to find contradictions in the phenomena and sources of their development, such as the essence of state property and its contents. Common scientific methods were also used: analysis and synthesis; comparative analysis; statistical methods for calculating the structure and dynamics of indicators of condition and development of state property. The overall system for assessing the socio-economic efficiency of state property management was carried out on the basis of microeconomic indicators and macroeconomic indicators (indicators of economic and social efficiency). The purpose of the paper is to reveal the trends of development of state ownership relations in the European countries as well as in Ukraine, in particular, the difficulties of the process of managing them, as well as to formulate possible ways to overcome such difficulties. Conclusions of the study. Today, the importance of the state as a public institute is objectively increasing in the most economically developed countries. By succeeding in achieving positive institutional changes in ownership relations (creating favorable conditions for SMEs, developing market infrastructure, conducting moderate privatization of state property, transferring state-owned enterprises to market tracks, maintaining policies for protecting national interests, etc.) the grounds for economic growth and improvement of the social sphere in France and Poland were made. Though the conducted analysis showed that the development of state property in Ukraine is contradictory, it has the following problems: ambiguous character of privatization; low efficiency of state property governance; insufficient efficiency of work of enterprises with state ownership; institutional problems. Overall, the socio-economic efficiency of state property governance in Ukraine needs improvement. Thus, the state policy of property governance should include, in particular, the following steps: development of a national model of governance, as well as strategies for the development of state property; organization of state property management entities; development of a system of criteria and indicators for assessing not only the economic but also the social efficiency of state property governance.

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“…Banking is essential to a country's economic system (Umantsiv and dan Ishchenko, 2017). It helps mitigate external financial shocks and ensures the state's financial security (Timofei, 2015).…”

Section: Introductionmentioning

confidence: 99%

The impact of chief executive officers’ religiosity on banks’ financial performance in Indonesia

Surya

Rahajeng

2023

JIABR

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Purpose The purpose of this study is to examine the effect of the religiosity of the chief executive officer (CEO) on Indonesian banks’ performance. Design/methodology/approach The research method used was a review of the annual reports of banking companies in Indonesia from 2015 to 2019 and a web-based search to determine the religiosity of the CEOs. This study comprised 88 banking companies in Indonesia that come under the supervision of the Financial Services Authority. Findings The results of this study show that banks led by religious CEOs had better financial performance, as measured by their ROA and ROE, than those led by not very spiritual CEOs. These results indicate the importance of religiosity in organizations, especially at the top management level, for achieving better bank performance. Practical implications This research results show that religiosity plays an essential role in the banking business sector. This research adds to the literature on CEOs’ characteristics based on their religiosity and the concomitant effect on banking performance. Originality/value This study shows how individual religious beliefs influence the corporate behavior of top management, particularly the CEOs, and why this is crucial for organizational decision-making. This study measures an individual's religiosity (i.e. a CEO) based on that individual's actions in their workplace environment.

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Banking Sector and Economy of CEE Countries: Development Features and Correlation

Cited by 6 publications

References 2 publications

The spatial peculiarities of economic and social convergence in Central and Eastern Europe

The spatial peculiarities of economic and social convergence in Central and Eastern Europe

Modern Trends in Governance of State Ownership Relations

The impact of chief executive officers’ religiosity on banks’ financial performance in Indonesia

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