Assessing the Impact of COVID-19 on Banks’ Profitability: The Role of Size in an Emerging Economy
Adriana Bruscato Bortoluzzo,
Andrea Minardi,
Mauricio Mesquita Bortoluzzo
et al.
Abstract:This work investigates the impact of the COVID-19 crisis on Brazilian banks’ profitability, and if the impact was stronger for smaller banks. Brazil was highly affected by COVID-19 crisis, has a highly concentrated banking sector, and is well known for the high technology of its financial market. We collected information from 42 banks on the quarterly financial statements available in Brazilian Central Banks during the period between January/2016 and March/2021. We ran Arellano–Bond generalized method of momen… Show more
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