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المؤلفSmaoui, Houcem
المؤلفMimouni, Karim
المؤلفTemimi, Akram
تاريخ الإتاحة2023-02-20T08:42:49Z
تاريخ النشر2019-07-26
اسم المنشورApplied Economics
المعرّفhttp://dx.doi.org/10.1080/00036846.2019.1646406
الاقتباسSmaoui, H., Mimouni, K., & Temimi, A. (2020). The impact of Sukuk on the insolvency risk of conventional and Islamic banks. Applied Economics, 52(8), 806-824.
الرقم المعياري الدولي للكتاب0003-6846
معرّف المصادر الموحدhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85078552760&origin=inward
معرّف المصادر الموحدhttp://hdl.handle.net/10576/40168
الملخصThis 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 measure bank insolvency risk using the z-score. Using the system-GMM estimator, we find that Sukuk market development adversely affects the insolvency risk of IBs, while that of the CBs remains unchanged. Moreover, our results point to a negative and significant effect of the size on the insolvency risk of both CBs and IBs, thus confirming the well-documented Too-Big-To-Fail hypothesis. This effect is more pronounced for IBs indicating that large IBs exhibit higher insolvency risk than their conventional counterparts. Finally, we show that the 2008 global financial crisis has exacerbated the negative effect of Sukuk market development on bank insolvency risk, as expected.
اللغةen
الناشرSpringer
الموضوعinsolvency risk
Islamic banking
panel model
Sukuk
العنوانThe impact of Sukuk on the insolvency risk of conventional and Islamic banks
النوعArticle
الصفحات806-824
رقم العدد8
رقم المجلد52
ESSN1466-4283
dc.accessType Open Access


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