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این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه الزویر مربوط به سال ۲۰۲۱ دارای ۱۱ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی و بخشی از ترجمه فارسی مقاله موجود می باشد.
کد محصول: H708
سال نشر: ۲۰۲۱
نام ناشر (پایگاه داده): الزویر
نام مجله: Heliyon
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۱۱ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۱ : نظارت بر ریسک پذیری بانکی توسط کمیته های حسابرسی و کمیته های اسلامی: بانک های متعارف در مقابل بانک های اسلامی
عنوان کامل انگلیسی:
Oversight of bank risk-taking by audit committees and Sharia committees: conventional vs Islamic banks
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Abstract
By utilizing the Fixed effect and GMM estimators for a sample of 57 Islamic banks and 102 conventional banks from 10 countries for the period 2002–۲۰۱۸, we examine the effect of the audit committees’ and Sharia committees’ effectiveness on the bank risk-taking behavior and its transmission mechanisms. The results reveal that an audit committee’s independence, number of meetings, and financial expertise negatively affect conventional banks’ risk-taking, suggesting that the high effectiveness of their audit committees may constrain banks’ risktaking activities. However, no such relationship is evident or observed case of Islamic banks. Instead, with a different transmission mechanism, the proportion of female members and the financial expertise in the Sharia committees negatively affect risk-taking, but the Sharia committee size positively affects risk-taking in Sharia banks. These results indicate that a Sharia committee’s high effectiveness can constrain risk-taking behaviors in Islamic banks.
Keywords: Sharia committee, Audit committee, Bank risk-taking, Conventional bank, Islamic bank
۱.Introduction
After the 2008 financial crisis, the role of banks in corporate governance, as overseeing and restricting risk-taking becomes a concern (Pathan, 2009; Sun and Liu, 2014; Nguyen, 2020). Some studies observe that poor corporate governance caused the 2008 financial crisis, for example, lax board oversight encouraged excessive risk-taking (Erkens et al., 2012; Kowalewski, 2016). The role of the audit committee in overseeing risk-taking became increasingly critical after the financial crisis of 2008. According to a survey conducted by KPMG 2009, most members of the audit committee agreed that they had “increased their hands-on involvement with management because of the financial crisis… ”, suggesting that they were required to improve the company’s risk management by strengthening their oversight role in the period of the financial crisis. The Basel regulatory reforms pressured the banks’ boards of directors to become involved with risk-management oversight and recommended a stand-alone risk committee as part of a board that would focus specifically on risk…
۵.Conclusion
Our research examines the effect of the effectiveness of the audit committee and Sharia committee on bank risk-taking and yields some important results. First, we find that the audit committee’s effectiveness can oversee and constrain risk-taking in conventional banks but not in Islamic banks. The Sharia committee’s effectiveness, however, can constrain risk-taking in Islamic banks. Second, the effectiveness of the audit committee and Sharia committee demonstrate different mechanisms that affect banks’ risk-taking. Finally, the role of the audit committee in conventional banks and the role of the Sharia committee in Islamic banks overseeing risk-taking are unchanged in different periods (pre-crisis, crisis, or post-crisis periods). Our results suggest that conventional and Islamic banks should improve their corporate governance by enhancing the effectiveness of their audit committees and Sharia committees to constrain risk-taking. Any change in the structure of the audit committee or Sharia committee should take into account the economic cycle. In addition, regulators in countries that have two kinds of banks should have different guidelines for each kind of bank to restructure their corporate governance for purpose of better controlling risk-taking…