دانلود مقاله ISI انگلیسی شماره 83359
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
83359 2017 70 صفحه PDF سفارش دهید 17791 کلمه
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عنوان انگلیسی
The ‘competition–stability/fragility’ nexus: A comparative analysis of Islamic and conventional banks
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : International Review of Financial Analysis, Volume 50, March 2017, Pages 111-128

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پیش نمایش مقاله

چکیده انگلیسی

The ‘competition–stability/fragility’ nexus is one of the more debated issues in the banking literature. However, while there is ample evidence concerning the relationship between competition and stability/fragility in different countries and regions, no prior study investigates this in the context of Islamic and conventional banks. We do this using data on both types of banks drawn from 16 developing economies over the period 2000–12. We measure the lack of competition using the Lerner index, and stability using both accounting-based measures, comprising the Z-score and the nonperforming loan ratio, and market-based measures, including Merton's distance to default. We employ panel vector autoregression and two-stage quantile regression to estimate the relationship. Our results lend support to the competition–fragility hypothesis in both Islamic and conventional banks. We also find the magnitude of the market power effect on stability is greater for conventional banks than Islamic banks. Lastly, banks in the median quantile of stability have a greater ability to reduce credit risk through gaining market power than banks in the lower and upper quantiles.

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