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  • Survival Paper v21-9-15 - JFSR_AM

    Rights statement: The final publication is available at Springer via http://dx.doi.org/10.1007/s10693-016-0239-0

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A survival analysis of Islamic and conventional banks

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A survival analysis of Islamic and conventional banks. / Pappas, Vasileios; Ongena, Steven; Izzeldin, Marwan et al.
In: Journal of Financial Services Research, Vol. 51, No. 2, 12.02.2016, p. 221-256.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Pappas, V, Ongena, S, Izzeldin, M & Fuertes, A-M 2016, 'A survival analysis of Islamic and conventional banks', Journal of Financial Services Research, vol. 51, no. 2, pp. 221-256. https://doi.org/10.1007/s10693-016-0239-0

APA

Pappas, V., Ongena, S., Izzeldin, M., & Fuertes, A.-M. (2016). A survival analysis of Islamic and conventional banks. Journal of Financial Services Research, 51(2), 221-256. Advance online publication. https://doi.org/10.1007/s10693-016-0239-0

Vancouver

Pappas V, Ongena S, Izzeldin M, Fuertes AM. A survival analysis of Islamic and conventional banks. Journal of Financial Services Research. 2016 Feb 12;51(2):221-256. Epub 2016 Feb 12. doi: 10.1007/s10693-016-0239-0

Author

Pappas, Vasileios ; Ongena, Steven ; Izzeldin, Marwan et al. / A survival analysis of Islamic and conventional banks. In: Journal of Financial Services Research. 2016 ; Vol. 51, No. 2. pp. 221-256.

Bibtex

@article{9fb27a5a334d4a7389ad81bc986cf6fe,
title = "A survival analysis of Islamic and conventional banks",
abstract = "Are Islamic banks inherently more stable than conventional banks? We address this question by applying a survival analysis based on the Cox proportional hazard model to a comprehensive sample of 421 banks in 20 Middle and Far Eastern countries from 1995 to 2010. By comparing the failure risk for both bank types, we find that Islamic banks have a significantly lower risk of failure than that of their conventional peers. This lower risk is based both unconditionally and conditionally on bank-specific (microeconomic) variables as well as macroeconomic and market structure variables. Our findings indicate that the design and implementation of early warning systems for bank failure should recognize the distinct risk profiles of the two bank types.",
keywords = "Islamic banks, Failure risk, Survival Analysis, Financial intermediation",
author = "Vasileios Pappas and Steven Ongena and Marwan Izzeldin and Ana-Maria Fuertes",
note = "The final publication is available at Springer via http://dx.doi.org/10.1007/s10693-016-0239-0",
year = "2016",
month = feb,
day = "12",
doi = "10.1007/s10693-016-0239-0",
language = "English",
volume = "51",
pages = "221--256",
journal = "Journal of Financial Services Research",
issn = "0920-8550",
publisher = "Springer Netherlands",
number = "2",

}

RIS

TY - JOUR

T1 - A survival analysis of Islamic and conventional banks

AU - Pappas, Vasileios

AU - Ongena, Steven

AU - Izzeldin, Marwan

AU - Fuertes, Ana-Maria

N1 - The final publication is available at Springer via http://dx.doi.org/10.1007/s10693-016-0239-0

PY - 2016/2/12

Y1 - 2016/2/12

N2 - Are Islamic banks inherently more stable than conventional banks? We address this question by applying a survival analysis based on the Cox proportional hazard model to a comprehensive sample of 421 banks in 20 Middle and Far Eastern countries from 1995 to 2010. By comparing the failure risk for both bank types, we find that Islamic banks have a significantly lower risk of failure than that of their conventional peers. This lower risk is based both unconditionally and conditionally on bank-specific (microeconomic) variables as well as macroeconomic and market structure variables. Our findings indicate that the design and implementation of early warning systems for bank failure should recognize the distinct risk profiles of the two bank types.

AB - Are Islamic banks inherently more stable than conventional banks? We address this question by applying a survival analysis based on the Cox proportional hazard model to a comprehensive sample of 421 banks in 20 Middle and Far Eastern countries from 1995 to 2010. By comparing the failure risk for both bank types, we find that Islamic banks have a significantly lower risk of failure than that of their conventional peers. This lower risk is based both unconditionally and conditionally on bank-specific (microeconomic) variables as well as macroeconomic and market structure variables. Our findings indicate that the design and implementation of early warning systems for bank failure should recognize the distinct risk profiles of the two bank types.

KW - Islamic banks

KW - Failure risk

KW - Survival Analysis

KW - Financial intermediation

U2 - 10.1007/s10693-016-0239-0

DO - 10.1007/s10693-016-0239-0

M3 - Journal article

VL - 51

SP - 221

EP - 256

JO - Journal of Financial Services Research

JF - Journal of Financial Services Research

SN - 0920-8550

IS - 2

ER -