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The impact of Sukuk on the insolvency risk of conventional and Islamic banks
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Springer
, 2019 , Article)
This paper investigates the impact of Sukuk market development on bank insolvency risk using a sample comprising 72 Islamic banks (IBs) and 145 conventional banks (CBs) spanning 15 countries over the 2003–2014 period. We ...
Subsidies vs. deposits and cost inefficiency in microfinance
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Elsevier
, 2022 , Article)
Lending tiny loans to poor clients lacking credit history and enough collateral is an expensive business for microfinance institutions (MFIs). Minimizing cost inefficiency is important if MFIs are to meet their dual mission ...
Do financial crises alter the dynamics of corporate capital structure? Evidence from GCC countries
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Elsevier B.V.
, 2017 , Article)
We study the impact of the 2008 financial crisis on the capital structure of GCC firms. We employ a dataset covering a 10-year period from eight sectors to investigate patterns in corporate leverage before and after the ...
Is exchange rate risk priced in microfinance?
(
Elsevier Ltd
, 2016 , Article)
High microcredit interest rates have often been a source of criticism against the microfinance movement. Research has focused attention on the cost structure of interest rates and more recently on the macroeconomic and ...
Funding liquidity risk and banks' risk-taking: Evidence from Islamic and conventional banks
(
Elsevier
, 2020 , Article)
The purpose of this paper is to investigate the impact of funding liquidity risk on the risk-taking behaviour of Islamic and conventional banks. Using bank-level and country-level data from 18 countries over the period ...
How does the tax status of a country impact capital structure? Evidence from the GCC region
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Elsevier B.V.
, 2016 , Article)
We investigate whether the tax status of a country has an impact on corporate capital structure. This research question is important and timely given that the empirical literature has not reached a consensus on the effect ...
Do oil producing countries offer international diversification benefits? Evidence from GCC countries
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Elsevier
, 2016 , Article)
This paper provides evidence of the existence of diversification benefits in international stock markets when oil producing countries are included in a global portfolio. Moreover, it examines whether recent oil shocks and ...
Currency risk and microcredit interest rates
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Elsevier B.V.
, 2017 , Article)
Foreign currency debt provides additional access to capital and offers funds in favorable and flexible terms to microfinance institutions (MFIs). Yet, we find that the use of foreign currency debt, on average, leads to ...
Can exchange rate policies and trade partners' income enhance the trade balance in Algeria? Evidence from the nonlinear ARDL model
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Emerald Group Holdings Ltd.
, 2022 , Article)
Purpose: This paper aims to examine the effects of the real exchange rate on trade balance in Algeria and investigates whether it represents a viable tool to sustain and improve trade performance using the nonlinear ...
Can government expenditure help reconstruct the Syrian economy in the post-conflict period? evidence from the SVAR and nonlinear ARDL models
(
Taylor & Francis
, 2023 , Article)
This paper explores the viability of the fiscal policy in the reconstruction of the Syrian economy. We use the Structural VAR estimation technique to assess the response of real GDP to shocks in government expenditures and ...