The Impact of Foreign Bank Strategies on the Behavior and Performance of Czech and Slovak Banks in the Financial Crisis
The Impact of Foreign Bank Strategies on the Behavior and Performance of Czech and Slovak Banks in the Financial Crisis作者机构:University of Economics Prague Czech Republic IBM Integrated Supply Chain Bratislava Slovak Republic
出 版 物:《Journal of Modern Accounting and Auditing》 (现代会计与审计(英文版))
年 卷 期:2013年第9卷第7期
页 面:988-996页
学科分类:12[管理学] 02[经济学] 0202[经济学-应用经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020204[经济学-金融学(含∶保险学)]
主 题:banks' strategies banks' performance multinational banks financial crisis
摘 要:In this paper, the authors analyze the impact of the specific ownership structure of the banking sector in Czech and Slovakia on the performance and applied strategies of particular banks during times of crisis. Did the multinational banks pursue a coherent regional strategy to cope with the risks resulting from the crisis, or did they focus on finding local solutions? The aim of this paper is to find answers to these questions. A case study is going to be used as a basic research method. Two members (Slovak and Czech) of four multinational banking groups are examined in the crisis year 2009, whereby both a qualitative analysis of the annual reports regarding strategic business or risk management decisions and a comparative quantitative analysis of selected financial data and risk indicators are employed. The authors have found that Czech and Slovak banks generally tried to follow the main strategic directions given by their parent banks during the financial crisis. However, particular financial results and risk profiles of respective subsidiaries of multinational banks still differ because of market factors specific to the different countries in which the subsidiaries are located.