Political transition and bank performance: How important was the Arab Spring? |
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| Institution: | 1. Université Paris Dauphine, PSL Research University, CNRS UMR 7088, DRM, Place du Maréchal de Lattre de Tassigny 75016 Paris, France;2. Sciences Po - C.E.R.I. 56 Rue Jacob, 75006 Paris, France;1. Department of Economics, Copenhagen Business School, Denmark;2. School of Banking and Finance, University of International Business and Economics, Huixin East 10, Beijing 100029 China;3. Wang Yanan Institute for Studies in Economics and Department of International Economics and Business, Xiamen University, China |
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| Abstract: | Using data for 2000–2012, the article utilizes the natural experiment of the Arab Spring to examine its impact on the risk and returns of MENA banks. The analysis indicates that the Arab Spring lowered bank profitability by roughly 0.2% and raised bank risk by 0.4% points. As well, the evidence appears to suggest that there were no differential effect of the political conflict on the performance and stability of Islamic banks. |
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| Keywords: | Arab Spring MENA Banking RoA Z-score |
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