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PROF Victor Murinde's Outputs (4)

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?.