Ghosh, Saibal - In: Borsa Istanbul Review 14 (2014) 3, pp. 145-157
Employing data on over 100 GCC banks for 1996e2011, we test the relation between risk and capital. Given the interlinkage between these two variables, the model employs a 3SLS estimation that takes on board this simultaneity. Consistent with the literature, risk is measured by the Z-score, while...