This study determines whether it is possible to distinguish between conventional and Islamic banks in the Gulf Cooperation Council (GCC) region on the basis of financial characteristics alone. Islamic banks operate under different principles, such as risk sharing and the prohibition of interest,...

This study compares accounting-based and economic-based measures of efficiency and profitability of banks in ten Middle East and North Africa (MENA) countries. Accounting variables help explain cost and profit efficiency, but cost efficiency has little impact on profitability and profit...

Purpose -The purpose of this study is to examine the factors which affect loss provision for loans and investment in Murabaha, Musharka, and Mudarabah for banks in the Gulf Cooperation Council (GCC) region. The effect of prior period earnings, legal and statutory reserves, size of the bank,...

This paper analyses whether it is possible to perform an event study on a small stock exchange with thinly trade stocks. The main conclusion is that event studies can be performed provided that certain adjustments are made. First, a minimum of 25 events appears necessary to obtain acceptable...

This paper shows how an integrated input-output and econometric model has been developed and used by a municipal government to evaluate economic development proposals. The model simulates the impact of attracting or retaining various types of new businesses and calculates fiscal impacts for...

For small and medium-sized enterprises, various types of debt are not identical. There are specific costs and benefits associated with each funding source. We argue that the asset and liability sides of the balance sheet are interrelated. Specifically, we hypothesize that firms match specific...

Studies have shown that small stock returns can be partially predicted by the past returns of large stocks (cross-correlations), while a larger body of literature has shown that macroeconomic variables can predict future stock returns. This paper assesses the marginal contribution of...