Determinants of sample selection in business climate survey within the sector of banking and financial institutions
Determinants of sample selection in business climate survey within the sector of banking and financial institutions

Author(s): Radosław Cholewiński, Stanisław Kluza
Subject(s): Economy, Business Economy / Management, Economic policy, Economic development, Financial Markets
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: banking sector;banks;financial sector;financial institutions;sampling;methodology;
Summary/Abstract: The aim of this study is to propose new directions of changes in research methodology, which are necessary due to the statistical quality of analysis and, at the same time, to take into account and adapt to the evolutionary changes in the Polish banking and financial sectors. An important criterion for the proposed recommendations is to maintain continuity and comparability of results in the period both before and after considering the new methodology. In this study, two subject areas are covered: (i) assessment of the sample selection, and (ii) an overview of the proposed evolution of the survey. With regards to the first area, the main focus of analysis is placed on the decrease in the number of banks in the sector (including the aspect of statistical representativeness of the study). In the second case, focus is shifted towards the rising importance of other non-bank institutions in the financial sector as well as their impacton the national economy. The development of a new survey is accompanied by three key considerations. First, it is a premise for maintaining continuity and comparability of historical data with that new. Secondly, the questions asked in the survey were reviewed and critically selected. Some questions, which were asked 20 years ago, are now not only less relevant, if not meaningless. On the other hand, recent developments in the banking sector are significantly different to the ones occurring 20 years ago. As such, it is now necessary to review the posed questions and ensure that they survey covers a wide spectrum of new issues reflecting these developments. Finally, the need to extend the sample to other financial market segments poses a challenge of unifying the survey to cover specifics of a number of individual market segments while, at the same time, obtaining comparable market data.

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