Journal of Corporate Accounting & Finance, Год журнала: 2024, Номер unknown

Опубликована: Дек. 16, 2024

ABSTRACT This study investigates the non‐monotonic relationship between bank size and market value in emerging economies of Middle East North Africa (MENA) region, with a focus on comparing Islamic conventional banks. The analysis uses fixed‐effects panel techniques, supported by random‐effects, pooled OLS, Hausman–Taylor methods for robustness, based sample 161 publicly listed banks across 17 MENA countries from 2009 to 2022. findings show that positively influences initially, indicating scale, but larger sizes lead diminishing returns, reflecting relationship. pattern is more evident banks, while results are less conclusive, suggesting need further investigation. seem benefit possibly due unique operational governance challenges. fills gap literature size‐market markets, offering insights into how local conditions regulations shape performance. It also provides novel comparison enhancing understanding sector‐specific dynamics. By challenging linear assumptions prior research, highlights complex non‐linear effects size, emphasizing role agency conflicts regulatory oversight managing systemic risks. research contributes both empirical theoretical discussions banking scale management theory contexts.

Язык: Английский