{"id":"https://openalex.org/W2762689991","doi":"https://doi.org/10.1108/imefm-12-2013-0133","title":"The causality between returns of interest-based banks and Islamic banks: the case of Turkey","display_name":"The causality between returns of interest-based banks and Islamic banks: the case of Turkey","publication_year":2017,"publication_date":"2017-10-04","ids":{"openalex":"https://openalex.org/W2762689991","doi":"https://doi.org/10.1108/imefm-12-2013-0133","mag":"2762689991"},"language":"en","primary_location":{"id":"doi:10.1108/imefm-12-2013-0133","doi":"https://doi.org/10.1108/imefm-12-2013-0133","is_oa":false,"landing_page_url":"https://doi.org/10.1108/imefm-12-2013-0133","pdf_url":null,"source":{"id":"https://openalex.org/S157427695","display_name":"International Journal of Islamic and Middle Eastern Finance and Management","issn_l":"1753-8394","issn":["1753-8394","1753-8408"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Islamic and Middle Eastern Finance and Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5042059624","display_name":"Serkan Y\u00fcksel","orcid":"https://orcid.org/0009-0007-4016-0518","observed_orcids":["https://orcid.org/0009-0007-4016-0518"]},"institutions":[{"id":"https://openalex.org/I2799666402","display_name":"Borsa Istanbul (Turkey)","ror":"https://ror.org/018kq8f36","country_code":"TR","type":"company","lineage":["https://openalex.org/I2799666402"]}],"countries":["TR"],"is_corresponding":true,"raw_author_name":"Serkan Yuksel","raw_affiliation_strings":["Research Department, Borsa Istanbul, Istanbul, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Research Department, Borsa Istanbul, Istanbul, Turkey","institution_ids":["https://openalex.org/I2799666402"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5042059624"],"corresponding_institution_ids":["https://openalex.org/I2799666402"],"apc_list":null,"apc_paid":null,"fwci":6.5712,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.96154472,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"10","issue":"4","first_page":"519","last_page":"535"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-banking","display_name":"Islamic banking","score":0.9819999933242798},{"id":"https://openalex.org/keywords/conventional-banks","display_name":"conventional banks","score":0.972000002861023},{"id":"https://openalex.org/keywords/deposit-refund","display_name":"deposit refund","score":0.5239999890327454},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.7710000276565552},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.4790000021457672},{"id":"https://openalex.org/keywords/turkey","display_name":"Turkey","score":0.4519999921321869},{"id":"https://openalex.org/keywords/alternative-financing","display_name":"alternative financing","score":0.5870000123977661},{"id":"https://openalex.org/keywords/nonstationary-time-series","display_name":"non-stationary time series","score":0.6990000009536743},{"id":"https://openalex.org/keywords/granger-causality","display_name":"Granger causality","score":0.7770000100135803},{"id":"https://openalex.org/keywords/impulse-response-functions","display_name":"impulse response functions","score":0.847000002861023},{"id":"https://openalex.org/keywords/vector-autoregression","display_name":"vector autoregression","score":0.9210000038146973},{"id":"https://openalex.org/keywords/bank-funding-sources","display_name":"bank funding sources","score":0.4729999899864197}],"concepts":[{"id":"https://openalex.org/C2993700298","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic banking","level":3,"score":0.7312778830528259},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.6449620127677917},{"id":"https://openalex.org/C129824826","wikidata":"https://www.wikidata.org/wiki/Q2630107","display_name":"Granger causality","level":2,"score":0.6197942495346069},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.5929020643234253},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5531394481658936},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.48982545733451843},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.460452139377594},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.4501301646232605},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.41898292303085327},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.39774948358535767},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.20469999313354492},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.08375021815299988},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1108/imefm-12-2013-0133","doi":"https://doi.org/10.1108/imefm-12-2013-0133","is_oa":false,"landing_page_url":"https://doi.org/10.1108/imefm-12-2013-0133","pdf_url":null,"source":{"id":"https://openalex.org/S157427695","display_name":"International Journal of Islamic and Middle Eastern Finance and Management","issn_l":"1753-8394","issn":["1753-8394","1753-8408"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Islamic and Middle Eastern Finance and Management","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:imefm0:imefm-12-2013-0133","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IMEFM-12-2013-0133.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:imefmp:imefm-12-2013-0133","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IMEFM-12-2013-0133/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:imefpp:imefm-12-2013-0133","doi":null,"is_oa":false,"landing_page_url":"http://www.emeraldinsight.com/10.1108/IMEFM-12-2013-0133?utm_campaign=RePEc&WT.mc_id=RePEc","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":39,"referenced_works":["https://openalex.org/W621807364","https://openalex.org/W1547313855","https://openalex.org/W1567901715","https://openalex.org/W1637771428","https://openalex.org/W1984098175","https://openalex.org/W2005847611","https://openalex.org/W2014291294","https://openalex.org/W2015464756","https://openalex.org/W2025107023","https://openalex.org/W2078566894","https://openalex.org/W2116388354","https://openalex.org/W2121461316","https://openalex.org/W2124030930","https://openalex.org/W2137136177","https://openalex.org/W2144380346","https://openalex.org/W2151648574","https://openalex.org/W2161280218","https://openalex.org/W2175360879","https://openalex.org/W2175616837","https://openalex.org/W2178225550","https://openalex.org/W2183254125","https://openalex.org/W2311829190","https://openalex.org/W2315573280","https://openalex.org/W2336861191","https://openalex.org/W2339615028","https://openalex.org/W2473500602","https://openalex.org/W2500039207","https://openalex.org/W2592151988","https://openalex.org/W2600556750","https://openalex.org/W2890904212","https://openalex.org/W2953707265","https://openalex.org/W3122050776","https://openalex.org/W3122816498","https://openalex.org/W3124087472","https://openalex.org/W3124974256","https://openalex.org/W3125806530","https://openalex.org/W3215953116","https://openalex.org/W4214648377","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2228693768","https://openalex.org/W2883702278","https://openalex.org/W2132658416","https://openalex.org/W2781504642","https://openalex.org/W2781405092","https://openalex.org/W4280506211","https://openalex.org/W7096584819","https://openalex.org/W2894259228","https://openalex.org/W7064404898","https://openalex.org/W2945113118"],"abstract_inverted_index":{"Purpose":[0],"This":[1,139,158,266,390,421,442],"paper":[2,159,443],"aims":[3],"to":[4,38,53,79,95,124,146,161,187,207,235,283,301,372,428,445],"shed":[5],"light":[6],"on":[7,20,347,382],"the":[8,12,21,48,58,62,81,90,97,102,107,111,126,132,137,143,148,163,189,201,209,217,238,242,284,302,313,327,344,359,373,383,393,425,430,447],"risk":[9,99,134],"structure":[10,135,211],"in":[11,29,47,61,84,89,131,151,154,436,439],"presence":[13],"of":[14,42,101,114,129,136,142,165,177,221,309,315,354,358,424,449,461],"Islamic":[15,24,31,66,85,116,168,190,222,246,272,303,320,394,406,431,452],"banking.":[16,329],"The":[17,197,224,252,364],"author":[18,198,225],"concentrates":[19],"relationship":[22,109,261],"between":[23,110,167,212,262,451],"banking":[25,28,32,35,50,67,130,152,171,193,244,247,264,304,321,434,437,455],"and":[26,33,118,169,191,216,248,453],"conventional":[27,34,49,119,170,192,213,243,289,292,328,388,454],"Turkey.":[30],"are":[36,51,69,76,92],"considered":[37],"be":[39,54,269,324,341,351,367,409],"different":[40,127,325,403],"kinds":[41],"sources":[43],"for":[44],"funding.":[45],"Returns":[46],"expected":[52,78],"heavily":[55],"influenced":[56],"by":[57,175,288,387,459],"interest":[59,73,285,296,384],"rate":[60,74,286,297],"money":[63],"market.":[64],"However,":[65],"returns":[68,83,113],"interest-free":[70],"so":[71],"that":[72,255,319,333,392],"changes":[75],"not":[77,275,323],"affect":[80,245],"deposit":[82,112,173,194,214,457],"banks.":[86,290],"Interest":[87],"rates":[88,174,215,385,458],"economy":[91],"a":[93,352],"proxy":[94],"highlight":[96],"general":[98,133],"level":[100],"economy.":[103,138,156,441],"By":[104],"looking":[105],"at":[106],"causal":[108],"both":[115,263],"banks":[117,273,293,376,395],"banks,":[120],"it":[121],"is":[122,140,257,331,422],"possible":[123],"address":[125,147,391,429],"types":[128],"one":[141,423],"first":[144,426],"studies":[145,316,427],"mentioned":[149],"difference":[150,435],"sector":[153,438],"Turkish":[155,440],"Design/methodology/approach":[157],"tries":[160,444],"identify":[162,446],"direction":[164,448],"causality":[166,338,450],"term":[172,456],"means":[176,460],"Granger":[178,181,337,462],"Causality.":[179],"Also,":[180,291],"Causality":[182],"test":[183],"results":[184,253,308,365],"will":[185],"guide":[186],"explore":[188],"return":[195],"linkages.":[196],"has":[199,226,402],"extended":[200,228],"study":[202,230,311],"with":[203,231,415],"vector":[204],"autoregressive":[205],"analysis":[206,345],"understand":[208],"correlation":[210],"profit\u2013loss":[218,278],"sharing":[219,279],"ratio":[220],"Banks.":[223],"also":[227],"this":[229,310],"impulse":[232],"response":[233],"functions":[234],"see":[236],"whether":[237],"shocks":[239],"hitting":[240],"into":[241],"vice":[249],"versa.":[250],"Findings":[251],"suggest":[254],"there":[256],"no":[258],"significant":[259],"clear":[260],"sectors.":[265],"result":[267],"can":[268,350,366,408],"interpreted,":[270],"as":[271,343,369,411],"do":[274],"adjust":[276],"their":[277,295,378],"(PLS)":[280],"ratios":[281,380],"pegged":[282],"offered":[287,386],"determine":[294,377],"without":[298],"any":[299],"connection":[300],"PLS":[305,379],"ratios.":[306],"Overall":[307],"contradict":[312],"findings":[314],"which":[317,401],"conclude":[318],"might":[322,340],"from":[326,335],"It":[330],"reported":[332],"inferences":[334],"pair-wise":[336],"alone":[339],"spurious,":[342],"based":[346,381],"non-stationary":[348],"series":[349],"consequence":[353],"time":[355,360],"functional":[356],"characteristics":[357],"series.":[361],"Social":[362],"implications":[363],"taken":[368,410],"counter":[370],"evidence":[371],"hypothesis":[374],"\u201cIslamic":[375],"banks\u201d.":[389],"may":[396],"offer":[397],"alternative":[398,413],"financing":[399],"methodology":[400],"procedure.":[404],"Hence,":[405],"finance":[407],"an":[412],"method":[414],"its":[416],"asset-based":[417],"healthier":[418],"structure.":[419],"Originality/value":[420],"versus":[432],"interest-based":[433],"causality.":[463]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":3},{"year":2017,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2017-10-20T00:00:00"}
