This paper focuses on Islamic joint venture (IJV) bonds and examines whether conventional structural credit risk models capture Islamic bonds' underlying risk. Their various extensions have first been adjusted for the IJV bonds' unique characteristics and then tested through simulations to...

This study examines the relationship between inflation and CBIG in Asia Pacific. It applies an unique CBIG index model to rank central banks and establishes a significant relationship between CBIG (both overall and with sub-indices) and inflation in a pooled regression model. It also finds that...

This study examines the relation of independent directors and their gender diversity, busyness, and experience with risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board independence, females amongst independent directors and busy...

This study examines the relation of incentives and risk taking for 104 listed U.S. insurance companies over 2006-2010. Our results show that independent director compensation is positively related to risk taking as are CEO compensation and institutional ownership. Besides dollar value and...

This paper provides a comprehensive survey of some 170 international comparative banking studies. It summarizes the methodology, data sources and results. The aim is to identify research gaps and trends. Central themes include: Competition, contestability, efficiency, performance, regulation,...