GRM 2010 GRM 2011

Abstract Details

 
AUTHOR NAME
 
Family Name:
srairi
 
First Name:
samir
 
ABSTRACT OF PAPER
 
Title of Paper:
Efficiency and Stock Market Performance of Islamic Banks in GCC countries
 
Paper Proposal Text :
Using data envelopment analysis, this paper estimates the efficiency of 25 Islamic banks operating in Gulf Cooperation Council (GCC) countries during the period 2003-2009. It also examines the relationship between the efficiency of Islamic banks and the performance of their stock. The results suggest that efficiency measures, particularly technical and pure technical efficiency, have increased over the period of study but remain low as compared to conventional banks. The inefficiency of Islamic banks can be attributed to pure technical inefficiency rather than to scale inefficiency. We also find that large and small banks are more efficient than medium banks in terms of overall technical efficiency. Further, the empirical findings show that both technical and pure technical efficiency changes are positively related to share returns, while changes in scale efficiency have no impact on stock performance. Finally, the regression also indicates a significant and positive association between market return and the book-to-market equity ratio with share prices.
 
 
 

WITH THE GENEROUS SUPPORT OF