Kanas, Angelos; Vasiliou, Dimitrios; Eriotis, Nikolaos - In: Journal of International Financial Markets, … 22 (2012) 4, pp. 990-1005
We employ a semi-parametric empirical model and reveal evidence that the U.S. bank profitability is affected non-parametrically by the business cycle, short-term interest rates, inflation expectations, credit risk, and loan portfolio structure. If a semi-parametric perspective was not adopted...