Does Local Religiosity Matter for Bank Risk-Taking?

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Risk in Islamic banking and corporate governance (2018, result): “…risk as measured by their naïve distance to default and naive probability of default, but they are similar to conventional banks with respect to the other three risk measures.21 Our finding on insolvency risk is consistent with Adhikari and Agrawal (2016) but differs from Abedifar et al. (2013).”
Does a CEO’s Cultural Heritage Affect Performance under Competitive Pressure? (2018, unknown): “This is consistent with Adhikari and Agrawal (2016), who find that banks located in religious counties tend to undertake more prudent policies. In contrast to Adhikari and Agrawal (2016), who focus on religion as a local factor external to firms, our paper mainly focuses on culture within firms by s”