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首页> 外文期刊>Managerial finance >Nexus between risk sharing vs non-risk sharing financing and economic growth of Bangladesh ARDL bound testing and continuous wavelet transform (CWT) approach
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Nexus between risk sharing vs non-risk sharing financing and economic growth of Bangladesh ARDL bound testing and continuous wavelet transform (CWT) approach

机译：风险分担与非风险分担之间的联系以及孟加拉国ARDL绑定测试和连续小波变换（CWT）方法的经济增长

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Purpose - The purpose of this paper is to examine the linkage between Islamic financing principles and economic growth (EG) by taking into consideration two Islamic Financing Principles: Risk Sharing and non-risk sharing separately. Design/methodology/approach - The data for this study are obtained from the annual reports of all Islamic banks from Bangladesh using Bank scope database and annual report for the period 1984-2014. The research uses an Autoregressive Distributive Lags (ARDL) approach. For robustness, this study also employs a continuous wavelet transform approach. `Findings - The empirical findings reveal that the risk sharing instruments are positively related to the EG of the country. On the other hand, non-risk sharing instruments are negatively related to the EG of the country. Research limitations/implications - The dominant use of non-risk sharing-based financing has undermined the greater possibility of Islamic banking to contribute more to the EG of the country. Banks and other financial institutions need to pay greater attention to systemic risk created by risk transfer and apply risk sharing methods of financing more vigorously to achieve greater equity, efficient allocation of resources, stability and growth of the financial system and welfare of the society as a whole. Originality/value - This study has advanced the knowledge by examining the issue of Islamic financing principles and EG. This is probably one of the first attempts to find the linkage between Islamic financing principles and EG by taking into consideration two portfolios: risk sharing and non-risk sharing separately and provide significant insights for policy makers, market players and academicians.
机译：目的-本文的目的是通过考虑两项伊斯兰融资原则：分别承担风险分担和非风险分担，研究伊斯兰融资原则与经济增长（EG）之间的联系。设计/方法/方法-这项研究的数据来自孟加拉国所有伊斯兰银行的年度报告，使用银行范围数据库和1984-2014年的年度报告获得。该研究使用自回归分布滞后（ARDL）方法。为了提高鲁棒性，本研究还采用了连续小波变换方法。 `发现-实证发现表明，风险分担工具与该国的EG正相关。另一方面，非风险分担工具与该国的EG负相关。研究的局限性/意义-非风险分担式融资的广泛使用削弱了伊斯兰银行业为该国的EG做出更大贡献的更大可能性。银行和其他金融机构需要更加重视由风险转移产生的系统性风险，并更加积极地运用融资的风险分担方法，以实现更大的公平性，资源的有效分配，金融体系的稳定和增长以及社会的福祉。整个。独创性/价值-通过研究伊斯兰融资原则和EG问题，本研究提高了知识。这可能是通过考虑两个投资组合（分别承担风险分担和非风险分担）并为政策制定者，市场参与者和学者提供重要见解而在伊斯兰融资原则与EG之间建立联系的首次尝试之一。

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