Journal ArticleDOI
Asset securitizations and bank stability: Evidence from different banking systems
TLDR
In this article, the authors examined the impact of asset securitizations on the performance and financial stability of banks in a dual banking system (i.e., Islamic and conventional) using a unique sample of international banks located in 21 countries.About:
This article is published in Global Finance Journal.The article was published on 2020-06-29. It has received 22 citations till now. The article focuses on the topics: Securitization & Asset (computer security).read more
Citations
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Journal ArticleDOI
Global Banking Stability in the Shadow of Covid-19 Outbreak
TL;DR: In this article, the authors examined the impact of the ongoing Covid-19 pandemic on the global banking stability and assessed any potential recovery signals, and found that the Covid19 outbreak has had detrimental impacts on financial performance across various indicators of financial performance (i.e., accounting-based and market-based performance measures) and financial stability.
Posted Content
A Continuous-Time Version of the Principal-Agent
TL;DR: In this paper, a continuous-time principal-agent model is proposed, in which the output is a diffusion process with drift determined by the agent's unobserved effort, and an optimal contract is computed by a new method using a differential equation.
Journal ArticleDOI
Earnings management and internal governance mechanisms: The role of religiosity
TL;DR: In this paper, the effect of internal governance in curbing earnings management in Islamic and conventional banks has been investigated for a global sample of 14 countries operating on a dual banking system between the years 2007−2015.
Posted Content
Capital and Earnings Management: Evidence from Alternative Banking Business Models
TL;DR: In this article, the authors examined whether institutional characteristics distinguishing Islamic from conventional banks lead to distinctive capital and earnings management behavior through the use of loan loss provisions and found that Islamic banks tend not to use loan loss provision in either capital or earnings management, irrespective of the bank's size, earnings profile, or the structure of their loan loss model.
Journal ArticleDOI
A cross-country analysis on diversification, Sukuk investment, and the performance of Islamic banking systems under the COVID-19 pandemic
TL;DR: In this paper , the authors investigated the relationship between diversification and Islamic banking systems' performance under the impact of the COVID-19 turmoil using a sample of 24 countries from 2013Q4 and 2020Q4.
References
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Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Journal ArticleDOI
Another look at the instrumental variable estimation of error-components models
Manuel Arellano,Olympia Bover +1 more
TL;DR: In this paper, a framework for efficient IV estimators of random effects models with information in levels which can accommodate predetermined variables is presented. But the authors do not consider models with predetermined variables that have constant correlation with the effects.
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Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence
TL;DR: Demirguc-Kunt and Huizinga as discussed by the authors used bank data for 80 countries for 1988-95 and found that differences in interest margins and bank profitability reflect various determinants: bank characteristics, macroeconomic conditions, existing financial structure and taxation, regulation, and other institutional factors.
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Institutions as the Fundamental Cause of Long-Run Growth
Daron Acemoglu,Daron Acemoglu,Daron Acemoglu,Simon Johnson,Simon Johnson,James A. Robinson,James A. Robinson,James A. Robinson +7 more
TL;DR: In this article, the authors develop the empirical and theoretical case that differences in economic institutions are the fundamental cause of economic development and develop a framework for thinking about why economic institutions differ across countries.