A Survival Analysis of Islamic and Conventional Banks

被引：76

作者：

Pappas, Vasileios ^{[1
]}

Ongena, Steven ^{[2
,3
]}

Izzeldin, Marwan ^{[4
]}

Fuertes, Ana-Maria ^{[5
]}

机构：

[1] Univ Bath, Bath BA2 7AY, Avon, England

[2] Univ Zurich, SFI, Plattenstr 32, CH-8032 Zurich, Switzerland

[3] Univ Zurich, CEPR, Plattenstr 32, CH-8032 Zurich, Switzerland

[4] Univ Lancaster, Sch Management, Lancaster LA1 4YW, England

[5] City Univ London, Cass Business Sch, 106 Bunhill Row, London EC1Y 8TZ, England

来源：

JOURNAL OF FINANCIAL SERVICES RESEARCH | 2017年 / 51卷 / 02期

关键词：

Islamic banks; Failure risk; Survival analysis; Financial intermediation; COMPETITION; EFFICIENCY; DEFAULT; CRISES; MODEL;

D O I：

10.1007/s10693-016-0239-0

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Are Islamic banks inherently more stable than conventional banks? We address this question by applying a survival analysis based on the Cox proportional hazard model to a comprehensive sample of 421 banks in 20 Middle and Far Eastern countries from 1995 to 2010. By comparing the failure risk for both bank types, we find that Islamic banks have a significantly lower risk of failure than that of their conventional peers. This lower risk is based both unconditionally and conditionally on bank-specific (microeconomic) variables as well as macroeconomic and market structure variables. Our findings indicate that the design and implementation of early warning systems for bank failure should recognize the distinct risk profiles of the two bank types.

引用

页码：221 / 256

页数：36

共 58 条

[1] Efficiency in Islamic and conventional banking: an international comparison [J].