Sukuk market development and Islamic banks’ capital ratios
作者: Houcem SmaouiHatem Ghouma
作者单位: 1College of Business and Economics, Qatar University, Doha, 2713, Qatar
2Gerald Schwartz School of Business, St. Francis Xavier University, 3090 Martha Drive, Room 379., Antigonish, NS B2G 2W5, Nova Scotia, Canada
刊名: Research in International Business and Finance, 2020, Vol.51
来源数据库: Elsevier Journal
DOI: 10.1016/j.ribaf.2019.101064
关键词: SukukIslamic bankingCapital ratiosGMM estimation
原始语种摘要: Abstract(#br)This paper investigates the impact of Sukuk market development on Islamic banks’ capital ratios using a sample comprising 230 Islamic banks spanning the period 2005–2014. We characterize Islamic bank capital along multiple dimensions, namely: capital adequacy ratio, Tier 1 capital ratio, and capital-to-total assets ratio. We employ both the Prais-Winston technique and the system GMM estimator to tackle potential omitted variable bias, endogeneity, and simultaneity issues. The evidence shows that Sukuk market development has had a negative effect on capital ratios of Islamic banks. We argue that the development of Sukuk markets may have stimulated the competition between Islamic Banks, inducing them to hold lower capital ratios. Our results also show that trade openness and...
全文获取路径: Elsevier  (合作)

  • capital 首都
  • market 市场
  • development 开发
  • ratios 遗传比率
  • banks 管束
  • banking 筑堤
  • simultaneity 同时性
  • liquidity 怜性
  • openness 开放
  • assets 财产