دانلود رایگان مقاله انگلیسی مطالعه مقایسه ای شیوه های مدیریت ریسک بانک های اسلامی و متعارف - اشپرینگر 2018

Abstract

While conventional bank risk management practices are well documented in the literature, there is limited research devoted at comparing the risk management practices of Islamic and conventional banks and how the recent financial crisis affected the approach taken in each banking model to manage the risks. In this paper, we use self-administered questionnaire to collect data from 150 bank senior managers and risk specialists from Pakistani conventional and Islamic banks to identify the main contributing factors to their risk management practices after the 2007–2008 financial crisis. The study results reveal that risk identification, risk assessment and analysis, credit risk analysis and risk governance are the most efficient and influential variables in explaining the risk management practices of Islamic banks, while understanding risk management, credit risk analysis and risk governance are the most significant and contributing variables in the risk management practices of conventional banks. Differences are also observed between Islamic and conventional banks in their liquidity risk analysis and risk governance. The results presented in this study are likely to benefit bank managers, investors, regulators and policymakers as they will serve them as guide when developing, reformulating and overseeing the bank(s) existing risk management practices.

Conclusions

The study empirically investigated the risk management practices of Islamic and conventional banks in Pakistan. The research results show that risk identification, risk assessment and analysis, credit risk analysis and risk governance are the most efficient and influential variables in explaining the risk management practices of Islamic banks. On the other hand, understanding risk management, credit risk analysis and risk governance are the most significant and contributing variables in the risk management practices of conventional banks. Differences are also observed in Islamic and conventional banks’ liquidity risk analysis and risk governance.

Islamic banks are found to be weak in their overall understanding of the risk management practices, liquidity risk analysis, risk monitoring and reporting, whereas risk assessment and analysis is the most inadequate risk management part in conventional banks. Therefore, training bank staff to be more proficient in these areas is a necessity for better risk management practices in the two banking models. The role of the Chief Risk Officer also needs to be strengthened to have a better overseeing of the bank risks. In addition, the level of monitoring and information disclosure should be reinforced for better risk governance in the case of Islamic banks. Finally, we recommend that bank senior managers to further investigate why these aspects of the risk management process are not positively associated with the risk management practices as there may be unique factors to the bank risk management inadequacy.