Finance Research Papers/Topics

Financial Inclusion, Financial Literacy And Inclusive Growth In Africa

The aim of this study is to investigate the nexus between financial inclusion, financial literacy and inclusive growth in Africa. The study uses a modified version of Sarma (2008) approach to compute an index of financial inclusion and inclusive growth. The system-generalized methods of moments is employed to analyze the link between financial inclusion and inclusive growth. Ordinary Least Squares with robust standard errors is employed to investigate the link between financial literacy ...

Financial Access And Firms’ Productivity In Sub Saharan Africa

This study aimed at finding the effect of financial access and other potential determinants on productivity of firms in Sub-Saharan Africa. Data was sourced from the World Bank‟s Enterprise Survey for 2,830 manufacturing firms collected over the period 2003 – 2014. With the aid of the Semi-parametric approach by Levinsohn and Petrin which uses intermediate inputs to proxy for unobservable productivity shocks, total factor productivity was estimated and regressed on several variables ...

EFFECT OF RISK MANAGEMENT ON THE PROFITABILITY OF UNIVERSAL BANKS IN GHANA

The banking industry plays a crucial role in the economic eco-system and its development means fostered growth for the country. For a financial system to be sound, a vibrant banking system needs to be present. Any shake in the banking system can send a ripple effect to the financial system and it can topple down, causing a recession. The collapse of two Ghanaian banks in 2017 and the consolidation of five other banks a year later raised concerns about the crucial role of risk management ...

SMES EXTERNAL FINANCING PREFERENCE AND ITS IMPACT ON GROWTH

As firms go about their operations and expand their activities, the retained earnings of the firm might prove insufficient to support its activities. Firms are forced to look for external finance and the ordeal lies with how to raise the needed funds. A financial contract design for small firms is chosen on the basis of the financial characteristics of the firm, the entrepreneur, the firm’s prospects and the associated information problems (Berger & Udell, 1998). Broadly, these factors...

Banking Competition And Efficiency: Empirical Evidence From Sub-Saharan Africa.

ABSTRACT This study aimed at evaluating the effects of competition on cost efficiency in the Sub-Saharan African (SSA) banking sector. The study also evaluated how competition affects bank cost efficiency in the various income classifications of countries in SSA. Due to the endogeneity issue between competition and cost efficiency, a two-stage least square method was employed to examine the data of 235 banks from 17 SSA during the period 2006-2012. The results of the study show evidence that ...

The Role of Public Sector Accountants in the Adoption of New Public Management Reforms in Public Sector Accountancy

ABSTRACT  Public Management reforms in public sector accountancy, more specifically, the adoption of accrual basis IPSAS is considered a relevant improvement to the cash basis of accounting since it enables comprehensive reporting on financial transactions of the public sector.This study examines the roles of public sector accountants in the adoption of accrual basis IPSAS in the public sector. Particularly, the study attempts to provide the roles of public sector accountants in the acc...

A Study To Assess The Three-Tier Pension Scheme In Ghana

ABSTRACT The aim of the study was to assess the three-tier pension schemes in Ghana. Specifically, the study examined the standards of the mandatory tier one and tier two pension schemes in Ghana; evaluated the current voluntary tier-three pension scheme in Ghana, and examined the relationship between the benefits of pensions schemes, and an assessment of the three-tier pension scheme to the Ghanaian worker. A cross-sectional survey research strategy, coupled with a quantitative methodologica...

Impact Of Sovereign Wealth Funds On Economic Development

ABSTRACT This research was aimed at assessing the impact of Sovereign Wealth Funds (SWFs) as a transition finance tool on the development of a country. The research had a study population of the 60 largest SWFs in the world in 2014 and used a sample of 34 SWFs in its analysis. The study used secondary data as the main and only source of data, and collected the needed data from secondary sources like the IMF Working Paper Series, FocusEconomics, and Sovereign Wealth Fund Institute (SWFI) among...

Does Non-Interest Income Make Banks More Risky? Retail Vs Investment Banking Activities In Africa.

ABSTRACT The study examines how increasing the shares of fees and commissions, trading income and total non-interest income makes African banks more risky, for banks that specialize in either retail or investment banking activities. The study used financial information obtained from the Bankscope database to construct a panel of African banks from 2008 to 2012. The study used the Ordinary Least Square (OLS) regression model with Newey – West standard errors, robust for heteroskedascity and ...

The Determinants of Loan Default Among Urban Poor Business Women: Evidence from a Micro Finance Institution in Ghana

ABSTRACT Growth of microcredit is seen as an important way to expand financial services to the poor and unbanked, and to help reduce poverty. However, high default rate remains a major challenge for micro-lenders. Understanding the causes of default among the poor is important for devising effective strategies to deal with this problem. This study sought to identify the determinants of loan default among urban poor women in the Greater Accra Region of Ghana. The study quantifies the relat...

Foreign Direct Investment, Infrastructure Development And Ease of Doing Business in Africa

ABSTRACT The recent worldwide competition for Foreign Direct Investment (FDI) and African’s poor show in FDI attraction is the main motivation of this study. The study primarily investigates the impact of infrastructure development and ease of doing business on FDI in Africa. This study uses 52 African countries for the period 2010-2014. The system Generalised Method of Moments (GMM) estimation technique, a dynamic panel regression technique, is employed for this analysis because of the sm...

On The Determinants Of Foreign Direct Investment To Africa: Are There Differences Between Conflict And Non-Conflict Countries?

ABSTRACT Global flows of Foreign Direct Investment (FDI) have seen a boom in the last two decades. This is evident in the annual United Nations’ Conference on Trade and Development (UNCTAD) investment reports. Notwithstanding this, Africa remains the least recipient of global FDI and its share continues to decline. Africa’s predicament has been explained variously. One reason is that Africa is considered unsafe for foreign investments. Proponents of this conjecture base their arguments on...

Threshold Analysis Of Public Debt On Economic Growth In Africa: Cs-Ardl And Cs-Dl Approach.

ABSTRACT The study aimed at estimating the threshold effects of public debt on economic growth within Africa using the Autoregressive Distributed Lag (ARDL), Distributed Lag (DL), Cross-sectionally augmented ARDL, and the Cross-sectionally augmented CS-DL models. The study also looked at the long-run effects of increasing public debt growth on economic growth. The study employed data from the Historical Public Debt Database (HPDD) and the International Financial Statistics (IFS) of the Intern...

Risk Management in Oil And Gas Project Financing

ABSTRACT Securing adequate financing for oil and gas investments is a difficult task in the best of environments. In Africa, the task is more difficult on account of political, commercial and force majeure risks. These factors serve to limit the interest of international commercial banks, the main source of oil and gas finance in making long-term credit available for the region. This thesis examines the risk mitigation arrangements that can relief the fears of the international financial ins...

The Contribution of Mobile Money to Financial Inclusion Within The Ghanaian Financial Sector: A Case Study of The AWUTU-BREKU Area

ABSTRACT Ten years after the launch of the first mobile money solution in Ghana, the service can be said to be a game-changer in the country’s financial services industry. The research aimed at assessing the contribution of mobile money towards the promotion of financial inclusion within the AwutuBreku area. The study was descriptive research and the population made up of the users of mobile money. The study used a simple random sampling technique to sample three hundred and twenty-four (3...


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