relationship. All subsequent studies confirmed it (see for example King and Levine, 1993, and the review in: Pagano, 1993). Goldsmith used a sample of 35 countries for the period between 1860 and 1963 to show the relationship between income and financial depth measured by the ratio between bank's assets and GDP. He also showed that in periods of rapid growth, financial depth grows faster than income. More details about measuring financial depth can be found in this paper. FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH Velimir Šonje

/pdf/financial-development-and-economic-growth-1933kuo17q.pdf

Financial development and economic growth

The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic banks tend to be financially stronger than small commercial banks; (ii) large commercial banks tend to be financially stronger than large Islamic banks; and (iii) small Islamic banks tend to be financially stronger than large Islamic banks, which may reflect challenges of credit risk management in large Islamic banks. We also find that the market share of Islamic banks does not have a significant impact on the financial strength of other banks.

https://papers.ssrn.com/sol3/Delivery.cfm/wp0816.pdf?abstractid=1089682&rulid=107606&mirid=2

Islamic Banks and Financial Stability: An Empirical Analysis

ROSE-ACKERMAN Susan, PALIFKA Bonnie J. Corruption and government : causes, consequences, and reform Cambridge : Cambridge University Press, 2016, XXIII-618 p. ISBN 978-1-107-44109-5 MOND 723 Resume editeur : The second edition of Corruption and Government updates Susan Rose-Ackerman's 1999 book to address emerging issues and to rethink old questions in light of new data. The book analyzes the research explosion that accompanied the fall of the Berlin Wall, the founding of Transparency Intern...

Corruption and government : causes, consequences, and reform

The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 19 banking systems with a substantial presence of Islamic banking. We find that (a) small Islamic banks tend to be financially stronger than small commercial banks; (b) large commercial banks tend to be financially stronger than large Islamic banks; and (c) small Islamic banks tend to be financially stronger than large Islamic banks, which may reflect challenges of credit risk management in large Islamic banks. We also find that the market share of Islamic banks does not have a significant impact on the financial strength of other banks.

/pdf/islamic-banks-and-financial-stability-an-empirical-analysis-15zgaz1iwz.pdf

Islamic and conventional banks' soundness during the 2007–2008 financial crisis

Purpose – In an attempt to enrich the literature of the efficiency of Islamic banks, this study aims to empirically investigate the efficiency of the fully fledged Islamic banks as well as Islamic windows in Malaysia.Design/methodology/approach – This study measures the technical and cost‐efficiencies of these banks using the non‐parametric frontier method, data envelopment analysis (DEA).Findings – The findings show that, on average, the efficiency of the overall Islamic banking industry has increased during the period of study. The study also revealed that, although the fully fledged Islamic banks were more efficient than the Islamic windows, they were still less efficient than the conventional banks. Finally, Islamic windows of the foreign banks were found to be more efficient than Islamic windows of the domestic banks.Originality/value – The findings of this study will provide some empirical insights as to how these two modes of Islamic banks had fared in the competitive environment from 1997 to 2003.

Efficiency and competition of Islamic banking in Malaysia

This study empirically investigates the efficiency of the full-fledged Islamic banks, Islamic windows and conventional banks in Malaysia. It finds that the Malaysian Islamic banking industry has, in terms of assets, deposits and financing base, grown very rapidly over the 1997-20 03 period. The study then measures the technical and cost efficiency of these banks using the Stochastic Frontier Approach. The findings show that, on avera ge, the efficiency of the overall Islamic banking industry has increased duri ng the period of study while that of conventional banks remained stable over tim e. However, the efficiency level of Islamic banking is still lower than that o f conventional banks. The study also reveals that full-fledged Islamic banks are more efficient than Islamic windows, while Islamic windows of foreign banks tend to be more efficient than those of domestic banks.

Efficiency of islamic banking in malaysia: a stochastic frontier approach

The purpose of this paper is to allow researchers, instructors, and students to comprehend the nature of exploratory factor analysis (EFA) from marketing perspective. In particular, the paper offer realistic information from marketing literature on developing valid instruments and making decision regarding factor extraction, factor rotation, and factor labeling. Since the items and factors identified through EFAs are using as an input for the measurement model in second generation structural equation modeling (SEM) technique. While so doing, a pilot test was conducted and items from marketing literature were analyzed via principal component analysis (PCA) using SPSS 20, the appropriateness of data for EFA was measured through KMO and Bartlett’s test of Sphericity. Based on parallel analysis three factors were extracted for further investigation. The three components explained a total of 62.6% of the variance. DOI: 10.5901/jesr.2016.v6n1p215

/pdf/an-easy-approach-to-exploratory-factor-analysis-marketing-38elb6y03r.pdf

An Easy Approach to Exploratory Factor Analysis: Marketing Perspective

This paper empirically examines the relationship between financial development and economic growth in a small open economy of United Arab Emirates (UAE). Using time series data from 1974 to 2008, the study employs the autoregressive distributed lag (ARDL) approach to co-integration. The analysis is carried out using two indicators to measure the level of financial development. The first indicator is the financial depth or size of the financial intermediaries sector as measured by the monetization ratio (M2/GDP). The second indicator is the ratio of the credit provided to private sector by commercial banks as a percentage of the GDP (financial intermediation ratio). The results show a negative and statistically significant relationship between financial development, as measured by M2/GDP, and economic growth. The results also suggest a bi-directional causality between the two variables. Over all, the evidence supports neither the demand-following nor the supply-leading hypotheses for UAE.

/pdf/financial-development-and-economic-growth-in-the-uae-2627n4g281.pdf

Financial Development and Economic Growth in the UAE: Empirical Assessment Using ARDL Approach to Co-integration

Purpose – The purpose of this paper is to examine the role of zakat (the Islamic tax) in alleviating poverty and inequality in Pakistan using a newly developed index, namely, the Basic Needs Deficiency Index (BNDI). Design/methodology/approach – The study formulates an index (BNDI) to measure the deficiency and effectiveness of zakat as one of the different items of government expenditure/spending to alleviate poverty. In this paper, Pakistan is chosen as a case study for two reasons: the availability and accessibility of data required for computing BNDI; and, in the past, no index such as this had been used to measure poverty in Pakistan. Findings – The results obtained from the computation of the BNDI have been able to explain the effectiveness of zakat in alleviating poverty and inequality in Pakistan. Practical implications – The findings of the study can be used by policymakers to measure and improve the effectiveness of zakat in reducing poverty and inequality. Social implications – As the ultimate ...

Naziruddin Abdullah

Papers

Efficiency and competition of Islamic banking in Malaysia

Efficiency of islamic banking in malaysia: a stochastic frontier approach

An Easy Approach to Exploratory Factor Analysis: Marketing Perspective

Financial Development and Economic Growth in the UAE: Empirical Assessment Using ARDL Approach to Co-integration

The effectiveness of zakat in alleviating poverty and inequalities