Islamic banks and political risk: International evidence

被引:28
|
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
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
收藏
页码:39 / 55
页数:17
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