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Stability efficiency in Islamic banks: does board governance matter?

journal contribution
posted on 15.02.2021, 22:18 by Md Safiullah
© 2020 Elsevier B.V. We contribute to the literature by examining the extent to which Shariah board governance in Islamic banks influences stability efficiency. We find a positive association between Shariah board governance and stability efficiency using a sample of 94 Islamic banks from 28 countries during the period 2003–2018. Our result holds when we employ the propensity score matching estimates, instrumental variable approach and dynamic panel GMM approach to address potential endogeneity issues. Further tests reveal that the effect of Shariah board governance on stability efficiency is more pronounced in countries with lower national governance than higher national governance and in large Islamic banks than their small peers.

History

Publication Date

01/03/2021

Journal

Journal of Behavioral and Experimental Finance

Volume

29

Article Number

100442

Pagination

14p. (p. 1-14)

Publisher

Elsevier

ISSN

2214-6350

Rights Statement

The Author reserves all moral rights over the deposited text and must be credited if any re-use occurs. Documents deposited in OPAL are the Open Access versions of outputs published elsewhere. Changes resulting from the publishing process may therefore not be reflected in this document. The final published version may be obtained via the publisher’s DOI. Please note that additional copyright and access restrictions may apply to the published version.

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