Wpływ pandemii COVID-19 na rentowność sektora bankowego w Polsce

Ostrowska, Aleksandra

doi:10.15678/znuek.2021.0993.0307

Cited by 3 publications

(4 citation statements)

References 19 publications

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“…Under such circumstances, the question arose about the possibility of excessive restriction of credit supply by banks, due to the effects of the COVID-19 (Aasak, 2020). Pandemic effects increase likelihood of timely debt service problems (Ostrowska, 2021). The trend of reducing the supply of credit is known as the credit crunch (André, Chalaux, 2023).…”

Section: Number Of Transactions Madementioning

confidence: 99%

Untitled

2024

SPSUTOM

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The originality of the conducted research lies in a holistic approach to analysing entrepreneurs' satisfaction, identifying statistical relationships between satisfaction and diverse economic behaviours, and exploring the role of emotions in making business decisions. This collectively provides a new perspective on the behavioral finance of businesses. Literature reviewEmotions play a significant role in the process of making business decisions. Despite the common tendency to focus on data and facts analysis, it is emotions, both conscious and hidden, that influence the shaping of strategies, the selection of business partners, and the willingness to take risks. Entrepreneurs, considering their personal emotions, introduce a subjective element into the decision-making process, which can lead to both successes and failures.The origin of the word "emotion" derives from the Latin verb "motere," meaning "to move".However, to fully understand the meaning of this term, it is worth noting the prefix "e-", suggesting something more than just movement or stirringit may indicate an additional, extended, or surpassing basic activity. This prefix indicates that emotions have a tendency to act or react (Goleman, 1997, p. 27). Emotions are not only associated with experiencing specific mental states but also with a tendency to evoke particular behaviors or reactions. They are deeply embedded within a person and often guide their actions and influence the decisions made.According to D. Goleman, emotions can be defined as a complex blend of feelings and thoughts that are associated with specific psychological states and biological reactions of the organism. These emotional states, along with predispositions to action, constitute an integral part of the human heritage passed down to us by evolution (Goleman, 1997, p. 442). D. Goleman asserts that emotions essentially serve as stimuli shaping an individual's readiness for action. These are rapid life-saving or life-sustaining plans embedded in our psyche by evolutionary history. Emotional reactions triggered by various situations, such as fear, joy, anger, or sadness, not only influence human thoughts and feelings but also activate instincts and prepare individuals to take appropriate actions at the given moment. Therefore, comprehending emotions is crucial for a better understanding of human behaviour and responses in various life situations.Another renowned psychologist, R. Lazarus, proposes a more intricate approach to emotions. He contends that emotions result from an individual's appraisal of a situation, rather than being merely reactions to specific stimuli. According to his theory, emotions are more

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Section: Number Of Transactions Madementioning

confidence: 99%

Untitled

2024

SPSUTOM

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“…The bank tax may be credited to a separate stabilization fund, or the proceeds may go directly to the state budget. In Central and Eastern Europe, bank tax revenues are mostly directed to the state budget (Szołno -Koguc and Twarowska -Ratajczak, 2021), which, according to Borowski et al (2016) and Balutel and Voia (2021), does not contribute to financial stability and results in a weakening of the credit portfolio augmentation. Cannas et al (2014) develop a model that optimizes the design of a bank tax from the perspective of equitably distributing the cost of systemic risk.…”

Section: Literature Reviewmentioning

confidence: 99%

“…They demonstrate that the introduction of a bank tax provides an incentive for deleveraging. The opposite view is taken by Borowski et al (2016) who, however, study the bank tax in Poland, where it is calculated on the basis of assets. Findings from studies focusing on the impact of the bank tax on bank performance are mixed.…”

Section: Literature Reviewmentioning

confidence: 99%

Performance of bank tax revenues compared to other sectoral taxes. Evidence from Poland

Niedziółka¹,

Korzeb²,

Karpowicz³

2023

JoMS

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Aim:The aim of this study is to verify the hypothesis of decreasing volatility of budget revenues obtained from the bank tax (although still high compared to traditional taxes). The background for the research of the bank tax and conclusions resulting from it are other sectoral taxes existing in Poland, the revenues from which are, however, lower than those from the bank tax.Methods: The analysis of the variability of revenues from individual sectoral taxes in Poland in years 2016 -2021 was conducted using descriptive statistics, Hodrick-Prescott (HP) filter and ANOVA approach. Then the Pearson correlation is examined to compare empirical data with figures resulting from the HP filter.

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“…For US markets, on the other hand, such news meant the reduction in prevailing interest rates. There was also an analysis of the profitability of the banking sector in Poland (Ostrowska, 2021), which revealed a deepening decline in the profitability of Polish banks, particularly evident in 2020, where the ROE ratio fell from 6.84% in the first quarter of 2020 to 3.83% in the last quarter. The above showed the real impact of the pandemic on the behaviour of financial market participants, corporate debt levels and capital market sensitivity.…”

Section: Impact Of the Covid-19 Pandemic On Financial Marketsmentioning

confidence: 99%

Effectiveness of Monte Carlo Simulations of the S&P 500 Index before and after the Outbreak of the SARS-COV-2 Pandemic

Nawrocki¹

2023

Financial Sciences

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Risk analysis is an integral part of studying the behavior of financial markets. Crises and emergencies challenge analysts trying to predict the value of stock indices by questioning their assumptions. One such event was the coronavirus pandemic, which undoubtedly affected our economy. The purpose of this study was to examine the impact of the COVID-19 pandemic on the US market and to assess the change in effectiveness of the Monte Carlo method due to the pandemic. The study was realized with 12 MC simulations of daily S&P 500 index prices using historical data from 11.03.2015 to 11.03.2021. The negative impact of the pandemic on the accuracy of MC simulations was observed, lowering the confidence of the results. Changes in sensitivity depending on the chosen time period were also detected. The results may prompt consideration of modifying MC simulations during instability and provide information indicating the use of shorter time series to improve simulation efficiency during crises.

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Wpływ pandemii COVID-19 na rentowność sektora bankowego w Polsce

Cited by 3 publications

References 19 publications

Untitled

Untitled

Performance of bank tax revenues compared to other sectoral taxes. Evidence from Poland

Effectiveness of Monte Carlo Simulations of the S&P 500 Index before and after the Outbreak of the SARS-COV-2 Pandemic

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