The Synergy of Financial Sector Development and Information Sharing in Financial Access: Propositions and Empirical Evidence

Simplice Asongu, Jacinta Nwachukwu

Research output: Contribution to journalArticle

11 Citations (Scopus)
7 Downloads (Pure)

Abstract

This study assesses the role of information sharing in financialization (or coexistence of financial sub-systems) for financial access. The empirical evidence is based on contemporary and non-contemporary Fixed Effects and Quantile regressions on 53 African countries for the period 2004–2011. The positive complementarity of information sharing offices (ISOs) and financial formalization is an increasing function of financial activity (or access to credit) whereas the negative complementarity of ISOs and financial informalization is a decreasing function of financial activity. In order to leverage on the synergy between ISO and financial formalization for enhanced financial access, some policy measures are proposed.
Original languageEnglish
Pages (from-to)242-258
Number of pages17
JournalResearch in International Business and Finance
Volume40
Early online date14 Mar 2017
DOIs
Publication statusPublished - Apr 2017

Bibliographical note

NOTICE: this is the author’s version of a work that was accepted for publication in Research in International Business and Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Research in International Business and Finance, [40, (2017)] DOI: 10.1016/j.ribaf.2017.03.001

© 2017, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • Information Asymmetry
  • Financialization
  • financial access

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