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Bad luck, Bad policy or Bad banking? Understanding the financial management behavior of MENA banks

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  • Ghosh, Saibal

Abstract

The importance of management behaviour for MENA country banks has gained significant importance, especially in the wake of the financial crisis. To address this issue, we exploit bank-level data across MENA countries for an extended time period and examine the different facets of management behaviur. The analysis provides evidence in favor of bad luck hypothesis that is equally applicable to both conventional and Islamic banks. Relatedly, we also find that the moral hazard hypothesis and the gamble for resurrection hypothesis to be relevant, although the relative importance of the management behavior differs across bank ownership. Further disaggregation by country categorizations shows that this behavior varies between oil exporters and oil importers as also between countries with explicit and implicit deposit insurance.

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  • Ghosh, Saibal, 2018. "Bad luck, Bad policy or Bad banking? Understanding the financial management behavior of MENA banks," Journal of Multinational Financial Management, Elsevier, vol. 47, pages 110-128.
  • Handle: RePEc:eee:mulfin:v:47-48:y:2018:i::p:110-128
    DOI: 10.1016/j.mulfin.2018.10.001
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    More about this item

    Keywords

    Banking; Management behavior; Delinquent loans; Capital; Efficiency;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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