20.500.12556/RUL-173584 Risk-return efficiency and risk determinants of the European banks This study examines risk-return efficiency frontier and risk determinants for 36 banking systems of the European countries. The banks of European developed countries appeared more efficient than the banks of the transition and South East European (SEE) countries. In contrast to other studies, risk was measured as deviation from expected return that we derived through a utility maximization model. We found that volatility of return on assets (ROA) and return on equity (ROE) affects risk positively. In addition, we found that the banking systems of transition countries respond less to changes in volatility of ROA and ROE than the banking systems of European developed countries. Moreover, our robustness check model confirmed that the risk measure that was used can be explained by conventional risk proxies such us Z-score and equity ratio. banking management emerging markets risk management Europe banking efficiency risk European countries bančno poslovanje razvijajoči se trgi obvladovanje tveganj Evropa true false true Angleški jezik Slovenski jezik Članek v reviji 2025-09-18 14:43:09 2025-09-18 14:46:44 2025-11-11 03:36:54 0000-00-00 00:00:00 2025 0 0 Str. 129-148 iss. 1 Vol. 20 2025 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 336.71 2233-1999 10.2478/jeb-2025-0010 236365315 Risk-Return-Efficiency-And-Risk-Determinants-Of-The-European-Banks.pdf Risk-Return-Efficiency-And-Risk-Determinants-Of-The-European-Banks.pdf 1 DB0A63550DB17918B628C2EE82FEA4CB 00d9f8f03a5fcf9c44222bdfdf0865a32a4c851404fc582264e26b33208ccb2c 27e29dfa-948d-11f0-9328-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=218165 https://sciendo.com/article/10.2478/jeb-2025-0010 0 2ff6f10f-948d-11f0-9328-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=218166 Ekonomska fakulteta 0 0 0