Publications in IJPSC

2025

1. Research Article

   ESG Risks in the Activities of International Banking Groups: Evidence from Ukraine

   Yurii Havryliuk, Liliia Zherdetska

   doi:10.61030/MHLU2636 PDF

   Abstract

   The relevance of this research is driven by the growing significance of environmental, social, and governance (ESG) factors in the financial sector, particularly in the context of globalization and climate change. The Ukrainian banking sector faces new challenges and opportunities associated with ESG risks, which can substantially affect investment attractiveness and long-term development. Analyzing these risks is crucial for Ukrainian banks to adapt to global standards and ensure the sustainability of their operations. The main purpose of this article is to study the key features of implementing the social and governance components of ESG risks in the activities of international banking groups, and their impact on the overall current investment climate and long-term economic development. The study examines the impact of ESG risks on the dynamics and pricing of Raiffeisen Bank International shares. As a risk factor, the bank's continued operations in the Russian Federation even after the full-scale invasion have been justified. Using ARMA, GARCH, and Markov-regime switching model (MS-GARCH with 2 regimes), it has been shown that ESG risks affect share prices through changes in profitability and increased volatility.

   Keywords ESG risks; Bank; Banking group; Stock volatility; Raiffeisen Bank; Investment climate

2. Research Article

   Ukrainian Banking System Overview: Current State and Development Prospects

   Liliia Zherdetska, Tetiana Shvedenko

   doi:10.61030/IJPSC.25.v01a10 PDF

   Abstract

   The article examines the structure of the banking system of Ukraine. The dynamics of the number of banks and branches were analyzed, revealing a reduction in the number of banks and their operating divisions from the beginning of 2015 to the present.​ The main reason for this reduction was the process of reforming the banking sector of the Ukrainian economy. The reforms led to the "cleansing" of the sector from insolvent and captive banks and increased the level of financial stability. The increased stability of the banking system, as a result of the National Bank of Ukraine's reforms, is evidenced by its resilience and ability to perform its functions during martial law.​ The study substantiates the following reasons for the reduction in the number of bank divisions in Ukraine: reduction in the number of banks, cost reduction in the post-crisis period, and an increase in the level of digitalization. Pandemic restrictions and martial law also influenced the growth of digitalization.​ The analysis of the structure of the banking system of Ukraine established a significant share of state banks. This situation,...

   Keywords bank; banking system; specialized banks; savings banks; trust management banks; systemically important banks​

Research areas

• Psychology 2
• Strategic Communication 2
• Governance 1
• Crisis Management 1
• Innovation 1
• Resilience 1

Article keywords ESG risks; Bank; Banking group; Stock volatility; Raiffeisen Bank; Investment climate; bank; banking system; specialized banks; savings banks; trust management banks; systemically important banks​

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Affiliations

As stated in the articles at the time of publication; not necessarily the current position.

Co-authors

• Yurii Havryliuk 1
• Tetiana Shvedenko 1