标题：Risk Determinants of Islamic Banking in the Mena Countries During the Global Financial Crisis and the Arab Spring Period: A Search for Empirical Evidences
期刊名称：International Research Journal of Finance and Economics
印刷版ISSN：1450-2887
电子版ISSN：1450-2887
出版年度：2018
期号：170
页码：8-26
出版社：European Journals Inc.
摘要：The aim of the study is to identify both macroeconomic and bank specific determinants of risks in Islamic banks. We also try to identify evidence on the impact of financial crisis and political instability during the Arab spring period. The study covers a sample of 34 Islamic banks across 13 countries during the period 2000-2013. We use different proxies of risk as dependent variable: insolvency risk (measured by Z score) and credit risk (measured by loans to deposits) and estimate four regressions using the dynamic Generalized Method of Moments (GMM ). Our results reveal that bank size, capital adequacy, liquidity, diversification and specialization ratios are the major factors affecting the stability of Islamic banks. For macroeconomic factors, GDP and inflation affect credit risk and insolvency of Islamic banks respectively. Finally, we find that financial crisis does not affect Islamic bank risk, while Arab spring has significant influence on credit risk. In general, the findings are important for the identification of the factors influencing Islamic bank risk then for providing information that the bank management and regulators should pay attention to, in order to improve risk management in Islamic banking.
关键词：Specific bank and Macroeconomic determinants; Credit risk; Z-score; Islamic banking; GMM method; Regulation; Financial crisis; Arab spring; Mena region
