Chapter 19: Banks’ Capital Structure Determinants: A Comparative Analysis Between Islamic and Conventional Banks Based on Corporate and Regulatory Approaches

Kaouther Toumi ()
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Kaouther Toumi: LGCO - Laboratoire Gouvernance et Contrôle Organisationnel - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse, LGTO - Laboratoire de Gestion et des Transitions Organisationnelles - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse, UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse, IUT Paul Sabatier - Institut Universitaire de Technologie - Paul Sabatier - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse

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Abstract: The research aims to empirically investigate the banks' capital structure determinants by considering 386 listed and unlisted banks categorized into 74 IBs, 256 CBs, and 56 HBs from 20 countries for 2008-2016 based on corporate and regulatory approaches. The main findings are interesting. From a corporate approach, we find differences between IBs, CBs and HBs regarding the determinants of their capital structure which offer an empirical confirmation of the reduced information asymmetry in an Islamic finance context. From a regulatory approach, the findings show similarities regarding the negative impact of deposit insurance schemes on the regulatory capital for all types of banks. When focusing on IBs, we evidence that banks subject to Shari'ah-compliant deposit insurance schemes hold lower capital than those subject to conventional deposit insurance schemes.

Keywords: Financial decision; Islamic ethics; Banks; Corporate finance theories; Regulation (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-hme, nep-ias and nep-isf
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Published in Hidaya Al Lawati; Khaled Hussainey. Islamic Accounting and Finance: A Handbook., 06, WORLD SCIENTIFIC (EUROPE); WORLD SCIENTIFIC (EUROPE); World Scientific, pp.555-588, 2021, Transformations in Banking, Finance and Regulation, 978-1800612419. ⟨10.2139/ssrn.2868780⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03547793

DOI: 10.2139/ssrn.2868780

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