What is it about?
Commercial and Islamic banks are important players in the UAE financial market. However, little is known about their financial distress because these financial institutions usually resolve financial distress within their own organisations, which means that outsiders cannot explicitly observe distress. The purpose of the research is therefore to identify the main drivers of financial institutions' financial distress.
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Why is it important?
The paper estimates a probability distress prediction model using the BankScope Database and the annual reports of UAE financial institutions submitted to UAE Security Exchange Authority.
Perspectives
This is the first study to provide empirical evidence on the drivers of financial distress of commercial and Islamic banks in UAE during 2000-2008, and to examine the extent of the financial distress that can be can be attributed to internal bank-specific fundamental factors and external factors in the economy.
Dr Ananth Rao
University of Dubai
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This page is a summary of: Assessing probabilities of financial distress of banks in UAE, International Journal of Managerial Finance, June 2011, Emerald,
DOI: 10.1108/17439131111144487.
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