Why is no financial crisis a dress rehearsal for the ...

Abstract Our study attempts to discover pure contagion or interdependence amongst the Asian equity markets (China, India, Taiwan and South Korea) due to the shocks stemming from eleven major crises around the world. We apply ...

Business cycle and bank lending procyclicality in a dual banking ...

Abstract The paper studies bank lending behaviour over the business cycle in a dual banking system, Malaysia, with the objective of ascertaining whether Islamic banks have a role in stabilizing credit. The study makes use ...

Islamic banks — too big to fail or too small ...

Size matters in banking in more ways than one. As an industry with extensive economies of scale and huge overheads, volume is key. To be cost competitive, the high fixed costs need to be spread ...

Empirical evidence of risk shifting in bonds and debt-based sukuk: ...

Abstract The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting as the primary cause of ...

Testing the conventional and Islamic financial market contagion: evidence from ...

Abstract This study is a first attempt at testing the extent of contagion for conventional and Shari’ah-compliant stock indices. We examine the period surrounding the U.S. subprime crisis of 2007–9 and the Lehman Brothers collapse ...

Islamic banking and finance: beyond comparison and investment opportunities

Abstract Islamic finance as a field of research continues to be exciting and has been evolving with coverage that goes beyond mere comparison with conventional finance. With rapid development in Islamic banking to reach the ...

Size, correlations, and diversification: new evidence from an application of ...

Abstract Despite the rapid growth of Islamic finance in recent years, there has been relatively little work done on the emerging Islamic mutual fund industry within the broad field of Islamic finance. As far as ...

The impact of management, family, and institution on the auditor’s ...

Abstract Incidents where external auditors do not issue a going concern audit opinion (GC opinion) to companies having severe financial problems have been reported globally. This issue motivated this study : (i) to investigate the ...

A proposal designed for calibrating the liquidity coverage ratio for ...

Abstract This paper aims to critically investigate the liquidity risk management of Islamic banks and develop an alternative regulatory framework appropriate for liquidity management of these banks. The specific risk profile of an Islamic bank ...