During the COVID-19 lockdown, the typical bank in the Middle East lost liquidity due to deposit drains and experienced increases in nonperforming loans. The loss of liquidity was a supply shock, while the increase in nonperforming loans was a demand shock. Corporate governance increases the...

The current study aims to explore the role of various macroeconomic factors in determining corporate investment. Using firm-level data of six Gulf Cooperation Council (GCC) region countries for a 14 year period (2007-2020), the current study establishes the empirical analysis by employing the...

The transfer of knowledge and technology from academia to industry is usually understood as a process. While previous research focuses on phenomena along the process and its outcomes, the starting point of the process - the initiation of a transfer activity - remains unstudied. We provide first...

After the collapse of the Soviet Union, Central Asia became a playground for the ‘modern great game’ between and among different powers, with Russia, China, the United States, the European Union, Turkey, Iran, and India playing major roles. In the current scenario, the Gulf Cooperation...

This paper examines the importance of trade openness for attracting foreign direct investment (FDI) inflows, for the GCC economies (Kingdom of Saudi Arabia, United Arab Emirates, Oman, Qatar, Kuwait and Bahrain) covering the period 1995–2018, using panel VAR model. It provides a direct test of...

Most existing studies examine the influence of labor remittance outflows on economic growth in receiving countries, with very few exceptions concerning sending countries. This study employs the nonlinear augmented mean group method to investigate whether remittance outflows have an adverse...

Recognizing the role of society in the sustainability of payment system innovation through the quadruple helix framework, this study analyzes the causal influence of demand-side financial inclusion indicators on society's uptake of digital payment solutions (DPS) within the regional economy of...

This study investigates the impact of royal family board members on the performance of non-financial listed firms in Gulf Cooperation Council (GCC) countries. Using a unique panel data set, our results show a strong positive relation between royal family board members and firm performance....

Although decided 55 years ago, the Second Circuit’s decision in Texas Gulf Sulphur may be viewed as the most important case under the U.S. securities laws. The decision addressed several landmark issues, including insider trading, company disclosure obligations, and the concept of materiality....

We propose a model where the bank competition–stability/fragility relationship depends on the state of the real economy. We empirically test how the said relationship is influenced by oil prices which are crucial for the economies of the six Gulf countries. We find that high oil prices have an...

The Gulf Cooperation Council (GCC) economies performed strongly in 2022. Amidst a year of economic uncertainty marked by inflation, geopolitical crises, and supply chain insecurity, the GCC region registered remarkable GDP growth of 7.3 percent in 2022. Progress made on structural reforms are...

Qatar's domestic and foreign policy since the 1990s has developed along three main lines: The emirate has expanded its gas production and supplies liquefied gas to as many countries as possible; it assures itself of US military protection by providing bases; and it conducts a "soft power"...

This paper investigates the impact of regional factors on Islamic and conventional stock returns in the member countries of the Gulf Cooperation Council (GCC) from April 2011 to April 2021. This paper employs the quantile regression method to determine the effect of regional factors on GCC...

The current study examines the moderating role of R&D expenditures by the government on the relationship between entrepreneurship and per capita output in GCC countries. Using secondary quantitative data, panel data analysis was conducted for six GCC countries (Saudi Arabia, Kuwait, Oman,...

We investigate the relationship between annual reports’ text readability and bank risk-taking in the Gulf Cooperation Council countries. By using the Flesh-Reading-Ease score and the Flesh–Kincaid Grade score, we find that easy-to-read annual reports are associated with a higher probability...

Considering the notable fluctuations in oil prices over the past two decades, this paper examines the effect of oil price uncertainty on the sovereign credit risk of four Gulf Cooperation Council (GCC) countries (United Arab Emirates, Qatar, Bahrain, and Saudi Arabia). By utilizing the...

We investigate the persistence of the dividend policy following the initial public offering (IPO) in non-financial Gulf Cooperation Council (GCC) firms during the period 2000-2019. Using various regression models, we confirm that non-financial GCC firms maintain a persistent dividend policy from...

The paper aimed to identify financial technology in the Gulf Cooperation Council countries, financial integration, inclusion policy and financial stability in the Gulf Cooperation Council countries and how it creates an appropriate environment for financial innovation and financial technology...

Gulf Cooperation Council (GCC) countries are on an ambitious path towards green economic transformation. In this paper we identified the target as high level of Human Development Index (HDI) within the planetary capacity of One Earth. All the GCC countries have already achieved high levels of...

During the COVID-19 lockdown, the typical bank in the Middle East lost liquidity due to deposit drains and experienced increases in nonperforming loans. The loss of liquidity was a supply shock, while the increase in nonperforming loans was a demand shock. Corporate governance increases the...

This study aims to investigate the relationship between creditor protection and the debt maturity structure of corporations in the Gulf Cooperation Council (GCC) countries. The GCC countries enjoy large GDPs, growing capital markets, especially the Islamic bonds (Sukuk) market, and negligible...

Ownership of reforms by citizens is often presented as important for success. This paper explores media engagement and support for economic reforms in the Gulf Cooperation Council countries using text analysis techniques on publicly available sources. The results show that while reform efforts...

The world economy was on track for a strong, albeit uneven, recovery from COVID-19. However, the war in the Ukraine and supply-chain disruptions exacerbated by shutdowns in China due to the zero-COVID policy are dealing a serious blow to global recovery. The Gulf Cooperation Council (GCC),...

The current literature is equivocal and provides inconsistent evidence about the relationship between firms' performance and capital structure choices. This study adds the empirical evi- dence on association between capital structure and bank performance to this inconclusive de- bate. It uses...

The Gulf Cooperation Council (GCC) countries were characterized by a robust economic rebound from the pandemic in 2021 and the beginning of 2022 as well as a partial restoration of external and fiscal positions following deep plunges in 2020. The war in Ukraine is projected to provide a windfall...

This study aims to investigate the impact of banking-sector concentration on the banks' liquidity creation in GCC countries over the period from 2012 to 2018 by using a dynamic GMM panel procedure. The results suggest that increased bank competition reduces banks' liquidity creation across the...

Economic growth and financial development are intrinsically related. Literature provides evidence that economic growth leads to financial development and financial development also leads to economic growth. The study analyzes this association between economic growth and financial development...

The research objective of the study is to investigate the determinants of profitability of banks' operating in GCC (Gulf Cooperation Council) countries. The existing studies highlight the banks' internal attributes and external factors that significantly influence profitability. The unbalanced...

Purpose This paper aims to argue that the Global Political Economy (GPE) theory of neomercantilism provides a sound explanation to the American military involvement in the Persian Gulf. Accordingly, this paper also proposes the concept of "Neomercantilist War" which analyses the use of military...

Financial sector development plays an important role in promoting economic growth and welfare of the citizen of a country. On the other hand, financial sector instability or vulnerability, can adversely affect the economic growth and cause major disruptions in the country. This paper examines...

We examine the relationship between oil as a major export for the member countries of the Gulf Cooperation Council (GCC) and the forward levels of all GCC currencies using wavelet analysis. We find that oil and GCC forward markets have significant but weak relationships at high frequencies. We...

The countries of the Gulf Cooperation Council (GCC) are mapping out agendas to kickstart a hydrogen economy. Especially Saudi Arabia, Oman, and the United Arab Emirates (UAE) are pursuing ambitious plans to supply Europe and Asia-Pacific with the carbon-friendly fuel. Numerous declarations of...

Purpose - The purpose of this study is to understand and analyze the key topics on which scholars have engaged in relation to crowdfunding and its starring role in the Gulf Cooperation Council (GCC) countries from an Islamic perspective. A Structured Literature Review (SLR) is used in this study...