Islamic banks and political risk: International evidence

被引：30

作者：

Belkhir, Mohamed ^{[1
]}

Grira, Jocelyn ^{[2
]}

Hassan, M. Kabir ^{[3
]}

Soumare, Issouf ^{[4
]}

机构：

[1] Int Monetary Fund, Middle East Ctr Econ & Finance, Salmiya, Kuwait

[2] UAE Univ, Coll Business & Econ, Al Ain, U Arab Emirates

[3] Univ New Orleans, Coll Business Adm, New Orleans, LA 70148 USA

[4] Laval Univ, Fac Business Adm, Quebec City, PQ, Canada

来源：

QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 2019年 / 74卷

关键词：

Islamic banks; Political risk; Hedging; Asset volatility; DEPOSIT INSURANCE; CORRUPTION; INSTITUTIONS; UNCERTAINTY; GOVERNANCE; IMPACT; POLICY; LEGAL; COST;

D O I：

10.1016/j.qref.2018.04.006

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the relation between political risk and the volatility of Islamic and conventional banks' assets. Using an international sample of 34,452 and 1245 bank-year observations of conventional and Islamic banks respectively over the period 1999-2013, we show that conventional banks are more exposed to political risk compared to Islamic banks. Our results are robust to the use of different country specific factors, sub-sample analysis, alternative measures of asset quality and bank profitability. (c) 2018 Board of Trustees of the University of Illinois. Published by Elsevier Inc. All rights reserved.

引用

页码：39 / 55

页数：17

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