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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Risk Preference Changes in the Kuwait Banking System’s Effect on Profitability
Author(s): Joseph Trendowski, Elzotbek Rustambekov, Jassem Al Shamaa, Abdullah Alonazi
Citation: Joseph Trendowski, Elzotbek Rustambekov, Jassem Al Shamaa, Abdullah Alonazi, (2018) "Risk Preference Changes in the Kuwait Banking System’s Effect on Profitability," Journal of Applied Business and Economics, Vol. 20, Iss.9, pp. 86-94
Article Type: Research paper
Publisher: North American Business Press
Abstract:
As the institutional structure of the Kuwaiti banking market shifts, institutions are adopting a more westernized approach. Traditionally, the banking system followed closely with Sharia Law, similar to countries like Saudi Arabia. Recently, Kuwait has implemented legal changes that have allowed banks the ability to increase risk taking. Additionally, outside investment is being encouraged, resulting in Kuwait now being considered an emerging market. This paper examines the impact on Kuwaiti bank profitability resulting from increased risk taking.
