Using a sample of 421 banks from 17 countries, we find that lending growth of Islamic banks and conventional banks decreased during the initial phase of the COVID-19 crisis. However, the decrease is significant for conventional banks only. In fact, credit growth for Islamic banks grew around...

Using a sample of 421 banks from 17 countries, we find that lending growth of Islamic banks and conventional banks decreased during the initial phase of the COVID-19 crisis. However, the decrease is significant for conventional banks only. In fact, credit growth for Islamic banks grew around...

We investigate whether the separation between ownership and control rights can be costly to controlling shareholders and firms in terms of capital-raising costs. Using estimates of the cost of equity capital implied by analyst earnings forecasts and growth rate for a sample of 1,207 firms from...