Outputs (89)

CEO power, bank risk-taking and national culture: International evidence (2023)
Journal Article
Pour, E. K., Uddin, M., Murinde, V., & Amini, S. (2023). CEO power, bank risk-taking and national culture: International evidence. Journal of Financial Stability, 67, Article 101133. https://doi.org/10.1016/j.jfs.2023.101133

Using unique hand-collected data for 336 large banks across 48 countries, together with values of national culture, our empirical analysis uncovers three new robust findings. First, variations of bank risk-taking across national culture and CEO power... Read More about CEO power, bank risk-taking and national culture: International evidence.

Private capital flows and productivity in Sub-Saharan Africa: does the capital allocation puzzle matter? (2023)
Journal Article
Bationo, F. D. B., Griffith-Jones, S., Murinde, V., Soumaré, I., & Tyson, J. (2024). Private capital flows and productivity in Sub-Saharan Africa: does the capital allocation puzzle matter?. Applied Economics, 56(38), 4576-4593. https://doi.org/10.1080/00036846.2023.2212969

The puzzling relationship between foreign private capital flows and productivity remains unresolved. We attempt to resolve the puzzle by extending the literature to investigate the effects of the flows across heterogeneous recipient sectors, using a... Read More about Private capital flows and productivity in Sub-Saharan Africa: does the capital allocation puzzle matter?.

Mobile money, ICT, financial inclusion and growth: How different is Africa? (2023)
Journal Article
Ahmad, A. H., Green, C. J., Jiang, F., & Murinde, V. (2023). Mobile money, ICT, financial inclusion and growth: How different is Africa?. Economic Modelling, 121, Article 106220. https://doi.org/10.1016/j.econmod.2023.106220

We investigate the contributions of fixed and mobile telecommunications (ICT) and mobile money to economic growth and financial inclusion in a 22-year panel of 146 countries. We extend the Solow growth model to include human capital, money, ICT, and... Read More about Mobile money, ICT, financial inclusion and growth: How different is Africa?.

Mandatory and voluntary credit information sharing among banks (2023)
Thesis
Ighedosa, J. Mandatory and voluntary credit information sharing among banks. (Thesis). SOAS University of London

Credit information sharing schemes, which are either mandatory because they are a regulatory requirement of the central bank or voluntary in the sense of being discretionary as a private arrangement among peers, are aimed at reducing asymmetric infor... Read More about Mandatory and voluntary credit information sharing among banks.

Fellowship amongst peers: A single country analysis of the effects of bank governance and competitiveness on interbank market microstructure (2022)
Thesis
Ikimalo, A. Fellowship amongst peers: A single country analysis of the effects of bank governance and competitiveness on interbank market microstructure. (Thesis). SOAS University of London

The aim of this study is to examine the market microstructure and evolution of overnight lending rates in the interbank market in a single country. Interest in understanding the interbank market surged in the aftermath of the 2008 global financial cr... Read More about Fellowship amongst peers: A single country analysis of the effects of bank governance and competitiveness on interbank market microstructure.

The diffusion of fintech, financial inclusion and income per capita (2021)
Journal Article
Kanga, D., Oughton, C., Harris, L., & Murinde, V. (2022). The diffusion of fintech, financial inclusion and income per capita. European Journal of Finance, 28(1), 108-136. https://doi.org/10.1080/1351847X.2021.1945646

Advances in information and communication technology (ICT) have provided a platform for the introduction and diffusion of a range of financial technologies that have transformed the financial sector. This study analyses the diffusion of financial tec... Read More about The diffusion of fintech, financial inclusion and income per capita.

The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance (2020)
Journal Article
Kling, G., Volz, U., Murinde, V., & Ayas, S. (2021). The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance. World Development, 137, Article 105131. https://doi.org/10.1016/j.worlddev.2020.105131

This paper presents the first systematic investigation of the effects of climate-related vulnerability on firms’ cost of capital and access to finance and sheds light on a hitherto under-appreciated cost of climate change for climate vulnerable devel... Read More about The Impact of Climate Vulnerability on Firms’ Cost of Capital and Access to Finance.

Fintech, financial inclusion and income inequality: A quantile regression approach (2020)
Journal Article
Demir, A., Pesque-Cela, V., Altunbas, Y., & Murinde, V. (2022). Fintech, financial inclusion and income inequality: A quantile regression approach. European Journal of Finance, 28(1), 86-107. https://doi.org/10.1080/1351847X.2020.1772335

Although theory suggests that financial market imperfections – mainly information asymmetries, market segmentation and transaction costs – prevent poor people from escaping poverty by limiting their access to formal financial services, new financial... Read More about Fintech, financial inclusion and income inequality: A quantile regression approach.

Threshold Effects of Financial Inclusion on Income Inequality (2020)
Preprint / Working Paper
Demir, A., Pesque-Cela, V., & Murinde, V. Threshold Effects of Financial Inclusion on Income Inequality. London

Economic theory predicts an indeterminate (positive or inverse) relationship between financial inclusion and income inequality. We invoke a panel threshold model to investigate the possibility of a non-linear relationship between financial inclusion... Read More about Threshold Effects of Financial Inclusion on Income Inequality.

Capital, risk and profitability of WAEMU banks: Does bank ownership matter? (2020)
Journal Article
Kanga, D., Murinde, V., & Soumaré, I. (2020). Capital, risk and profitability of WAEMU banks: Does bank ownership matter?. Journal of Banking and Finance, 114, https://doi.org/10.1016/j.jbankfin.2020.105814

We investigate the simultaneous relationship among bank capital, risk and profitability, but also considering bank ownership and the emergence of Pan-African cross-border banks. We specify a simultaneous equation model and estimate it using hand-coll... Read More about Capital, risk and profitability of WAEMU banks: Does bank ownership matter?.