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Title: | THE RISK EFFECTS OF REAL ESTATE EXPOSE IN THE BANKING INDUSTRY: THE GCC EVIDENCE | Authors: | MOHAMAD KHAIRUL BIN ABDULLAH | Keywords: | Real estate exposure, banking, financial stability, GCC, real estate equity, real estate debt | Issue Date: | 15-Jan-2013 | Citation: | MOHAMAD KHAIRUL BIN ABDULLAH (2013-01-15). THE RISK EFFECTS OF REAL ESTATE EXPOSE IN THE BANKING INDUSTRY: THE GCC EVIDENCE. ScholarBank@NUS Repository. | Abstract: | Despite the prevalence of Gulf Cooperation Council (GCC) bank¿s investing in real estate as a means of diversifying into non-lending activities and the natural reliance of asset-based Islamic banks to real estate, no research has directly tested the relationship between bank¿s stability. Utilizing listed GCC banks balance sheet real estate debt and equity exposure, this study uses these indicators of real estate exposure to explain the fluctuation in banks financial stability, the Z-score. Empirical results show that banks real estate loan and equity exposure negatively affects financial stability. On the contrary, real estate exposure of Islamic banks has a positive relationship with financial stability. The results persist across different subsamples, subperiods and alternative risk measure. The asymmetric effect between Islamic and conventional bank real estate exposure may highlight the inherent differences in their business operation and ability to source for lower risk real estate assets. | URI: | http://scholarbank.nus.edu.sg/handle/10635/37551 |
Appears in Collections: | Master's Theses (Open) |
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Mohamad Khairul Bin Md Yatim - 2013.pdf | 319.12 kB | Adobe PDF | OPEN | None | View/Download |
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