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An empirical investigation of the profitability of Greek commercial banks

Vasiliou, Dimitrios (1990) An empirical investigation of the profitability of Greek commercial banks. Doctor of Philosophy (PhD) thesis, University of Kent. (doi:10.22024/UniKent/01.02.86065) (KAR id:86065)


This study seeks to identify the factors that accounted for Greek commercial bank profitability. Our aim is to isolate the characteristics and the management strategies that are common to high-performance financial institutions but are absent among the low-performance ones. The main data consist of the 1977-1986 income statements and balance sheets for a sample of eight Greek commercial banks. The emphasis of the analysis is more upon the empirical evidence and less upon the theoretical grounds. The first chapter describes and analyses the Greek financial system. The second chapter explores the profitability path of the sample banks during the period studied and subsequently ranks the firms according to their earnings for the whole period examined by employing a normalization criterion. The relationship between Greek bank earnings performance and their balance sheet structure is investigated in chapter three. This is done by describing and estimating a statistical cost accounting model. Chapter four examines the link between interbank profitability and various financial ratios (i.e. a financial ratio comparison approach). Chapter five analyses the market concentration in Greek commercial banking and its influence on earnings (i.e. the Structure-Conduct-- Performance hypothesis). Finally, chapter six is concerned with scale economies in the preceding industry.

Item Type: Thesis (Doctor of Philosophy (PhD))
DOI/Identification number: 10.22024/UniKent/01.02.86065
Additional information: This thesis has been digitised by EThOS, the British Library digitisation service, for purposes of preservation and dissemination. It was uploaded to KAR on 09 February 2021 in order to hold its content and record within University of Kent systems. It is available Open Access using a Creative Commons Attribution, Non-commercial, No Derivatives ( licence so that the thesis and its author, can benefit from opportunities for increased readership and citation. This was done in line with University of Kent policies ( If you feel that your rights are compromised by open access to this thesis, or if you would like more information about its availability, please contact us at and we will seriously consider your claim under the terms of our Take-Down Policy (
Uncontrolled keywords: Banking
Subjects: H Social Sciences > HG Finance
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
SWORD Depositor: SWORD Copy
Depositing User: SWORD Copy
Date Deposited: 29 Oct 2019 16:26 UTC
Last Modified: 15 Feb 2022 10:47 UTC
Resource URI: (The current URI for this page, for reference purposes)

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