%0 Journal Article
%T The Short and Long Term Performance Persistence in the Central European Banking Industry
%A Krzysztof Jackowicz
%A Oskar Kowalewski
%A £¿ukasz Koz£¿owski
%J Contemporary Economics
%D 2011
%I University of Finance and Management, Warsaw
%R 10.5709/ce.1897-9254.25
%X This article investigates the scale of performance persistence in the Central European banking industry. Contrary to the existing literature, we test not only for the short-term performance persistence but we propose also a novel method of analyzing the long-term persistence. Using an extensive dataset, covering the 1992-2009 period, we establish that banks¡¯ results are strongly persistent in two-years sub-periods as well as in the long-run. Moreover, we find that the strength of studied phenomenon is not significantly influenced by the macroeconomic environment, banks size and capital base and country-specific factors.
%U http://ce.vizja.pl/en/download-pdf/id/224