This paper examines whether the risk-taking behavior of commercial banks in five countries of South-East Asia changed after the Asian Crises of 1997. The paper utilizes the framework created by Gruben et al (1997, 1998, and 2003). It also examines the connection between the risk-taking behavior...

This paper examines whether the risk-taking behavior of commercial banks in five countries of South-East Asia changed after the Asian Crises of 1997. The paper utilizes the framework created by Gruben et al (1997, 1998, and 2003). It also examines the connection between the risk-taking behavior...

This paper proposes a model to study the arrangement of Islamic project finance with the participation of the government as provider of loan guarantees. The entrepreneur (musharakah) initiates a project and raises funds by issuing Islamic profit sharing debt instruments (mudarabah). The...

Market anomalies are reported for developed markets as well as for emerging markets. While day of the week effect is the most reported anomaly, it is also the most persistent one. We employ AR-GARCH-M model to estimate the day of the week effect for all of the Istanbul Stock Exchange indexes for...

Abstract.Using a sample of 291 banks from 35 OIC (Organization of Islamic Cooperation) member countries with 2078 bank-year observations from 2003 to 2010, we analyze if bank earnings management in terms of Loan Loss Provisioning (LLP hereafter) is affected by the banking nature.We take into...

We report new evidence on the bank and country-level determinants of Islamic bank capital ratios in 28 countries between 1999 and 2013. Overall, we find that smaller, more profitable, and highly liquid Islamic banks are more highly capitalized. Additionally, improvements in the economic and...

We examine corporate lobbying as a means of influencing federal securities class action litigation outcomes and increasing firm value for financial firms. First, we show that political lobbying lowers litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher...

This article reviews empirical studies on Islamic banking and concentrates on their main findings while highlighting future research directions. The earlier literature of Islamic banking built a foundation using normative judgment, descriptive analysis, theoretical development, and appraisal of...

This paper reviews empirical studies with particular interest in the Islamic finance literature and highlights future research directions. The earlier literature of Islamic finance was built on the Islamic economic foundation of social justice and fairness, which was formed theoretically from...