Partnership Financing and Early Warning System during Financial Crisis
Pembiayaan Perkongsian dan Sistem Amaran Awal semasa Krisis Kewangan
Keywords:
Financial Crisis, Early Warning System, Logit Model, Islamic BankAbstract
This paper attempt to estimate the effect of partnership financing (PF) on Islamic banks during financial crises using early warning system (EWS). PF has significant impact to reduce the probability of crises in Islamic banks. The results further show that Islamic bank with high economic freedom have higher chances of experiencing crises relative to the Islamic subsidiaries banks. In addition, bank with higher M2/ reserve and GDP growth are significantly has a beneficial impact of reducing crisis probability. Meanwhile for higher market concentration and inflation are more likely to expose bank to have crises.
Kajian ini bertujuan menganggarkan kesan pembiayaan perkongsian ke atas bank Islam semasa krisis kewangan dengan menggunakan kaedah Sistem Amaran Awal (EWS). Pembiayaan perkongsian menunjukkan kesan yang signifikan dalam mengurangkan kebarangkalian berlakunya krisis kepada bank Islam. Seterusnya, bank Islam yang mempunyai kebebasan ekonomi yang tinggi terdedah kepada krisis berbanding anak syarikat bank Islam.Rizab dan kadar pertumbuhan KDNK yang tinggi mempunyai kesan yang signifikan untuk mengurangkan kebarangkalian krisis. Manakala konsentrasi pasaran dan kadar inflasi yang tinggi lebih cenderung untuk mendedahkan bank mengalami krisis.
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