The main purpose of this research is to study the impact of the COVID-19 pandemic on the performance of the banks in some European countries. The study covers the top three banks in six European countries “France, Italy, Spain, Denmark, Finland, and Sweden” during the periods 2018, 2019, and 2020 on a quarterly basis. The data was collected from the banks’ financial statements and several websites like Bloomberg, Macrotrends, and Yahoo finance. We used multiple linear regression to study the effect of several independent variables, including a key variable that represents the severity of the lockdown “LOCKDOWN”, on the return on equity for the banks. We observed that the COVID-19 had a negative impact on the performance of the mentioned banks and that the countries that imposed lockdown got affected more than the ones with no lockdown. In particular, we conclude that Swedish banks (no lockdown) performed better than the banks of the other five countries.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:hj-52754 |
| Date | January 2021 |
| Creators | Ajaj, Kassem, kesserwan, Rawan |
| Publisher | Jönköping University, IHH, Nationalekonomi, Finansiering och Statistik, Jönköping University, IHH, Nationalekonomi, Finansiering och Statistik |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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