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

Simplice Asongu; Jacinta Nwachukwu

doi:10.1016/j.ribaf.2017.03.001

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

Simplice Asongu
, Jacinta Nwachukwu

African Governance and Development Institute

Research output: Contribution to journal › Article › peer-review

32 Citations (Scopus)

180 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 language	English
Pages (from-to)	242-258
Number of pages	17
Journal	Research in International Business and Finance
Volume	40
Early online date	14 Mar 2017
DOIs	https://doi.org/10.1016/j.ribaf.2017.03.001
Publication status	Published - 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/

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Information Asymmetry
Financialization
financial access

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10.1016/j.ribaf.2017.03.001

Post-PrintAccepted author manuscript, 1.2 MBLicence: CC BY-NC-ND

Cite this

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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.",

keywords = "Information Asymmetry, Financialization, financial access",

author = "Simplice Asongu and Jacinta Nwachukwu",

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doi = "10.1016/j.ribaf.2017.03.001",

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AB - 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.

KW - Information Asymmetry

KW - Financialization

KW - financial access

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DO - 10.1016/j.ribaf.2017.03.001

M3 - Article

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JO - Research in International Business and Finance

JF - Research in International Business and Finance

ER -

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

Abstract

Bibliographical note

UN SDGs

Keywords

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