Institutional Environment and Bank Capital Ratios

Abstract : We investigate the influence of the institutional environment on bank capital ratios. Using a sample of 149 banks operating in the Middle East and North Africa region for the period 2004 to 2014, we find that, when stock markets have little presence, institutional variables significantly affect risk-weighted regulatory capital ratios but not leverage ratios. Conversely, when stock markets are more developed, only leverage ratios are influenced by institutional factors. Our results also indicate that institutional variables affect non-weighted equity-to-asset ratios of banks that are listed on a stock exchange. Our findings contribute to the bank capital structure literature and have important policy implications for developing countries.
Type de document :
Pré-publication, Document de travail
2018
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https://hal-unilim.archives-ouvertes.fr/hal-01475923
Contributeur : Thierno Barry <>
Soumis le : jeudi 27 septembre 2018 - 10:47:54
Dernière modification le : jeudi 4 octobre 2018 - 01:20:49

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CT Manuscript 20 Sept 2018.pdf
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  • HAL Id : hal-01475923, version 2

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Tammuz Alraheb Ab, Christina Nicolas, Amine Tarazi. Institutional Environment and Bank Capital Ratios. 2018. 〈hal-01475923v2〉

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