Considering uncertainty in banks’ liquidity needs as a proxy of trust in the interbank market, this paper proposes a blockchain consensus algorithm to build trust among the market players and uses an agent-based model to investigate the effects on market stability. We connect 413 heterogeneous...

Using a sample of 21,030 US firm-year observations that represents more than 3,000 individual firms over the period 1998-2012, we investigate the relationship between Corporate Social Responsibility (CSR) and investment efficiency. In consistency with our expectations that high CSR firms enjoy...

The paper provides robust evidence that compliance with Basel Core Principles (BCPs) has a strong positive effect on the Z-score of conventional banks, albeit less pronounced on the Zscoreof Islamic banks. Using a sample of banks operating in 19 developing countries, the results appear to be...

This study examines the impact of the Basel III regulatory framework on the efficiency of Islamic and conventional banks using conditional quantile regressions. We find that Islamic banks are significantly more efficient than conventional banks. We also find that, relative to conventional banks,...