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Intricacies of competition, stability, and diversification: Evidence from dual banking economies

Author

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  • Azmi, Wajahat
  • Ali, Mohsin
  • Arshad, Shaista
  • Rizvi, Syed Aun R.

Abstract

This paper investigates the nexus of competition and stability by introducing the interaction of diversification and competition. We use a sample of both conventional and Islamic banks from 14 dual banking economies over 2005–2016. The core finding illustrates that competition does not impact bank stability and that diversification is insignificant in the competition-stability nexus. Further, we find that concentration is beneficial for the banking stability of both types of banks. In most of our results, we found no difference in the impact of competition and diversification on the stability of conventional and Islamic banks. To put our findings in a broader context, we argue that no difference between the business models can be considered an early signal of possible convergence between the two systems.

Suggested Citation

  • Azmi, Wajahat & Ali, Mohsin & Arshad, Shaista & Rizvi, Syed Aun R., 2019. "Intricacies of competition, stability, and diversification: Evidence from dual banking economies," Economic Modelling, Elsevier, vol. 83(C), pages 111-126.
    • Handle: RePEc:eee:ecmode:v:83:y:2019:i:c:p:111-126
    DOI: 10.1016/j.econmod.2019.02.002
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    More about this item

    Keywords

    Bank competition; Diversification; Stability; Dual banking economies;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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