Comparison of factors influencing liquidity of European Islamic and conventional banks

IF 7.6 1区 经济学 Q1 ECONOMICS
H. Musa, Zdenka Musová, Viacheslav Natorin, G. Lazaroiu, Martin Martin Boda
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引用次数: 14

Abstract

Research background: The innovation in Shar??ah-compliant banking products has resulted in the rapidly increasing size of assets in Islamic banks worldwide. The assets of such banks have been growing twice as fast as those of conventional banks. Islamic banks do not depend on conventional interest, speculation, or complex derivatives stemming from banking operations. Instead, their actions in respect of profit/risk sharing, and the clarity of the contract are consistent with Islamic Shar??ah principles, which seek to promote a more equal society. Purpose of the article: This research aims to identify and compare factors influencing the liquidity of Islamic and conventional banks in Europe. Candidate factors are sought amongst profitability, credit quality, credit expansion and capital adequacy indicators. Methodology: First, relevant financial ratios for 249 observations on Islamic banks and 2,306 observations on conventional banks are selected and compared for the period 2013?2017. Second, liquidity is explained separately for each type of banks by panel data regression to identify its determinants in a comparative context. Findings & value added: The results indicate that the impact of the net interest margin on the liquidity ratio of Islamic banks is insignificant, which is obviously due to the prohibition of the use of interest (riba). To the contrary, in conventional banking a higher net interest margin results in a reduction in liquidity. Capital adequacy has a positive influence upon liquidity in both types of banks, but in Islamic banking, the influence is 5.4 times greater. The findings strongly suggest that the liquidity of Islamic and conventional banks is affected by different factors.
影响欧洲伊斯兰银行与传统银行流动性的因素比较
研究背景:share的创新符合ah标准的银行产品导致全球伊斯兰银行的资产规模迅速增加。这些银行的资产增长速度是传统银行的两倍。伊斯兰银行不依赖传统的利息、投机或源于银行业务的复杂衍生品。相反,他们在利润/风险分担方面的行为,以及合同的清晰度,与伊斯兰教的伊斯兰教规是一致的??这些原则旨在促进一个更加平等的社会。文章目的:本研究旨在识别和比较影响欧洲伊斯兰银行和传统银行流动性的因素。在盈利能力、信贷质量、信贷扩张和资本充足率指标中寻找候选因素。方法:首先,选取了2013 - 2017年期间对伊斯兰银行的249项观察和对传统银行的2306项观察的相关财务比率进行比较。其次,通过面板数据回归分别解释了每种类型银行的流动性,以确定其在比较背景下的决定因素。研究结果及附加值:研究结果表明,净息差对伊斯兰银行流动性比率的影响不显著,这显然是由于禁止使用利息(riba)。相反,在传统银行,较高的净息差导致流动性减少。资本充足率对两类银行的流动性都有积极影响,但在伊斯兰银行中,这种影响是其5.4倍。研究结果强烈表明,伊斯兰银行和传统银行的流动性受到不同因素的影响。
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来源期刊
CiteScore
13.70
自引率
5.90%
发文量
26
审稿时长
24 weeks
期刊介绍: The Oeconomia Copernicana is an academic quarterly journal aimed at academicians, economic policymakers, and students studying finance, accounting, management, and economics. It publishes academic articles on contemporary issues in economics, finance, banking, accounting, and management from various research perspectives. The journal's mission is to publish advanced theoretical and empirical research that contributes to the development of these disciplines and has practical relevance. The journal encourages the use of various research methods, including falsification of conventional understanding, theory building through inductive or qualitative research, first empirical testing of theories, meta-analysis with theoretical implications, constructive replication, and a combination of qualitative, quantitative, field, laboratory, and meta-analytic approaches. While the journal prioritizes comprehensive manuscripts that include methodological-based theoretical and empirical research with implications for policymaking, it also welcomes submissions focused solely on theory or methodology.
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