The Effect of Ownership Transformations on the Financial
Situation of Large Czech Banks

D 2013

The Effect of Ownership Transformations on the Financial Situation of Large Czech Banks

SEDLÁČEK, Jaroslav; Petr VALOUCH a Zuzana KŘÍŽOVÁ

Základní údaje

Originální název

The Effect of Ownership Transformations on the Financial Situation of Large Czech Banks

Autoři

SEDLÁČEK, Jaroslav; Petr VALOUCH a Zuzana KŘÍŽOVÁ

Vydání

Pula, Conference Proceedings of the 6th International Conference "The Changing Economic Landscape: Issues, Implications and Policy Options" od s. 61-70, 10 s. 2013

Nakladatel

Juraj Dobrila University of Pula

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Chorvatsko

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/13:00078719

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-953-7498-84-9

Klíčová slova anglicky

bank transformation; acquisition; privatization; measuring of economic effects of acquisition; regression and correlation analyses;

Změněno: 27. 1. 2015 12:07, doc. Ing. Jaroslav Sedláček, CSc.

Anotace

V originále

The processes of mergers and acquisitions in the banking sector, that took place after the dissolution of Czechoslovakia peaked between 1998 and 2001, when large banks were privatised. Finding suitable investors and selling out the state shares is supposed to bring a higher efficiency and a better financial stability. To prove a positive effect of acquisitions, we analysed the development of selected economic indicators two years before and three years after acquisitions in three large banks. Regression models of development graphs of indicators as well as correlation coefficients confirmed a positive development after acquisitions in two banks. The development was not so clear in one of the banks as the rapid increase in the ROAE indicator turned over in the second year after the acquisition. It appears that the entry of foreign investors in the Czech banking sector brought improvement of the financial situation and efficiency of large banks soon after the acquisitions. These banks owned over 58% of assets in the banking sector in the monitored period.

Návaznosti

GA403/11/0447, interní kód MU

Název: Analýza daňových a účetních postupů při fúzích (The analysis of tax and accounting procedures in mergers)

Investor: Grantová agentura ČR, Analýza daňových a účetních postupů při fúzích (The analysis of tax and accounting procedures in mergers)

Citovat

SEDLÁČEK, Jaroslav; Petr VALOUCH a Zuzana KŘÍŽOVÁ. The Effect of Ownership Transformations on the Financial Situation of Large Czech Banks. In Sanja Blaževič et al. Conference Proceedings of the 6th International Conference "The Changing Economic Landscape: Issues, Implications and Policy Options". Pula: Juraj Dobrila University of Pula, 2013, s. 61-70. ISBN 978-953-7498-84-9.

@inproceedings{1218761,
   author = {Sedláček, Jaroslav and Valouch, Petr and Křížová, Zuzana},
   address = {Pula},
   booktitle = {Conference Proceedings of the 6th International Conference "The Changing Economic Landscape: Issues, Implications and Policy Options"},
   editor = {Sanja Blaževič et al.},
   keywords = {bank transformation; acquisition; privatization; measuring of economic effects of acquisition; regression and correlation analyses;},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Pula},
   isbn = {978-953-7498-84-9},
   pages = {61-70},
   publisher = {Juraj Dobrila University of Pula},
   title = {The Effect of Ownership Transformations on the Financial Situation of Large Czech Banks},
   year = {2013}
}

TY  - CONF
ID  - 1218761
AU  - Sedláček, Jaroslav - Valouch, Petr - Křížová, Zuzana
PY  - 2013
TI  - The Effect of Ownership Transformations on the Financial Situation of Large Czech Banks
PB  - Juraj Dobrila University of Pula
CY  - Pula
SN  - 9789537498849
KW  - bank transformation
KW  - acquisition
KW  - privatization
KW  - measuring of economic effects of acquisition
KW  - regression and correlation analyses;
N2  - The processes of mergers and acquisitions in the banking sector, that took place after the dissolution of Czechoslovakia peaked between 1998 and 2001, when large banks were privatised. Finding suitable investors and selling out the state shares is supposed to bring a higher efficiency and a better financial stability. To prove a positive effect of acquisitions, we analysed the development of selected economic indicators two years before and three years after acquisitions in three large banks. Regression models of development graphs of indicators as well as correlation coefficients confirmed a positive development after acquisitions in two banks. The development was not so clear in one of the banks as the rapid increase in the ROAE indicator turned over in the second year after the acquisition. It appears that the entry of foreign investors in the Czech banking sector brought improvement of the financial situation and efficiency of large banks soon after the acquisitions. These banks owned over 58% of assets in the banking sector in the monitored period.
ER  -

SEDLÁČEK, Jaroslav; Petr VALOUCH a Zuzana KŘÍŽOVÁ. The Effect of Ownership Transformations on the Financial Situation of Large Czech Banks. In Sanja Blaževič et al. \textit{Conference Proceedings of the 6th International Conference ''The Changing Economic Landscape: Issues, Implications and Policy Options''}. Pula: Juraj Dobrila University of Pula, 2013, s.~61-70. ISBN~978-953-7498-84-9.

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