The African Finance Journal

2003 - 2024

From Africagrowth Institute
Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker (info@africagrowth.com).

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Volume 26, issue 2, 2024

Can Fintech really Address Gender Disparity in Financial Inclusion? Some Answers from Kenya pp. 1-26

Odongo Kodongo and Diana Ngui

What Determines Household Participation in Credit Markets in Malawi? pp. 27-42

Wytone Jombo and Wook Sohn

Access to Finance, Financial Development and Manufacturing Firms' Export: Insights from Enterprise Surveys in Africa pp. 43-57

Mustapha Jobarteh

Optimizing Bank Stability Through MSME Loan Securitization: A Predictive and Prescriptive Analytics Approach pp. 58-79

Khulood Mohammed BaLashwar, uosuf Khalid Al-Hamar and Seyed-Ali Sadegh-Zadeh

Volume 26, issue 1, 2024

Financial Market Development and the Microstructure of Corporate Bond Markets in Africa: A Survey pp. 1-33

Wycliffe Oluoch and Kalu Ojah

Cybersecurity Risk Disclosure, Board Characteristics, and Firm Performance in the Fourth Industrial Revolution Era: Evidence from an Emerging Economy pp. 34-53

Reon Matemane, Varaidzo Denhere, Maatabudi Mokabane and Titus Ayobami Ojeyinka

Does Value-added Tax Revenue Inspire Growth? Evidence from Southern Africa pp. 54-64

Zurika Robinson and Jesse De Beer

Foreign Bank Participation and Financial Inclusion in Emerging Economies - Evidence from Sub-Saharan Africa pp. 65-77

Vera Fiador and Sarah Anobil Okyere

Volume 25, issue 2, 2023

Entrepreneurship, Digital Finance Channels and Financial Development: Evidence from the African Context pp. 1-17

Daniel Ofori-Sasu, Eunice Adu-Darko, Gloria Clarissa Dzeha and Adelaide Kastner

Asymmetric Connectedness within Cryptocurrency Ecosystem: An asymmetric Power ARCH (APARCH) Approach pp. 18-30

Jules Clement Mba and Magdaline Mbong Mai

Impact of Digital Financial Technology on Financial Inclusion in Sub- Saharan Africa: The Moderation Role of Institutional Quality pp. 31-45

James N. Doku, Khadijah Iddrisu, Deborah N. A. S. Bortey and Jonas Ladime

Monetary Policy and Inflation in Ethiopia pp. 46-61

Ferdinand Ahiakpor, William G. Cantah, Edward Sennoga and Paul Mpuga

Volume 25, issue 1, 2023

Liquidity in Domestic Public Debt Markets for Enabling Infrastructure Financing: The Case of Sub-Saharan Africa pp. 1-25

Paul Mukoki, Kalu Ojah and Odongo Kodongo

The Determinants of Capital Structure in Mozambique’s Non-financial Firms: 2010-2015 pp. 26-44

Valter Tito Manjate, Pedro Rino Vieira and Matias Jaime Farahane

Sovereign Default Risk and Financial Market Returns in Africa pp. 45-62

John Dhokotera, Josine Uwilingiye and Khouzeima Moutanabbir

Financial Inclusion, Investments and Economic Growth: Does Investment Mediate Financial Inclusion for Economic Growth in Africa? pp. 63-84

Gladys A. A. Nabieu, Amoah T. Kwabena and James D. Ntiamoah

Gender and Financial Inclusion in Cameroon: An Analysis of Gender Gaps in Access to Formal and Informal Financial Services pp. 85-101

Steve Douanla Meli, Benjamin Fomba Kamga and Hervé Mougnol A. Ekoula

Volume 24, issue 2, 2022

Regional Convergence among Anglophone West African Countries: Evidence from Interest Rate Analysis pp. 1-16

Amos Twum and Meshach Aziakpono

Risk-taking Behavior, Regulatory Policy and Banking crisis: Evidence from the African Economies pp. 17-37

Daniel Ofori-Sasu, Emmanuel Sarpong-Kumankoma, Elikplimi K. Agbloyor and Joshua Y. Abor

The Impact of Financial Inclusion on the Livelihoods of Rural Smallholder Farmers in Nigeria pp. 38-50

Olayinka Adegbite and Charles Machethe

Out-of-sample Predictability of the South African Equity Risk Premium Distribution: A Quantile Regression Approach pp. 51-65

Munyaradzi Chawana, Ilse Botha and Yolanda Stander

Volume 24, issue 1, 2022

Do Bank Characteristics Affect Bank Lending Behaviour? pp. 1-15

Offiong Helen Solomon, Andy Mullineux and Phillip De Jager

A Note on the Profitability of African Banks: Islamic Versus Conventional pp. 16-23

Whelsy Boungou

Quality as an Investment Style: Evidence from South Africa pp. 24-36

James Britten, Daniel Page and David McClelland

Female Corporate Board Executives and Bank Profitability: Exploring for Complementarities and Synergies pp. 37-49

Peter K. Luh, Baah A. Kusi, Agyapomaa Gyeke-Dako and Vera O. Fiador

The Impact of Accounting Accruals Before, During, and After an Economic Crisis: Evidence from South Africa pp. 50-64

John H. Hall, Elda du Toit and Rudra P. Pradhan

Volume 23, issue 2, 2021

Selecting the Ideal Risk-Free Rate Proxy for the South African Market pp. 1-21

Chris van Heerden

Access to Finance and Efficiency of Firms in Ghana pp. 22-35

Ferdinand Ahiakpor, Issac Dasmani, Samuel Kobina Annim and Ralph Essem Nordjo

Exchange Rate Risk and International Equity Portfolio Diversification: A South African Investor’s Perspective pp. 36-49

Charles Raoul Tchuinkam Djemo, John Weirstrass Muteba Mwamba and Mathias Manguzvane

A Comparison of the Stylised Facts of Bitcoin, Ethereum and the JSE Stock Returns pp. 50-64

Forbes Kaseke, Shaun Ramroop and Henry Mhwambi

Volume 23, issue 1, 2021

Chairman’s Letter, Impression Management and Governance Mechanisms: The Case of South African Listed Firms pp. 1-19

Jacques Totowa and Thabang Mokoaleli-Mokoteli

African Banking Sector Development: The Roles of Remittances and Monetary Policy pp. 20-40

Joshua Y. Abor, Mohammed Amidu, Emmanuel Sarpong-Kumankoma and Haruna Issahaku

The Impact of Fiscal Policy Variables on Private Investment in Nigeria pp. 41-55

Yusuf Abdulkarim and Mohamed Saidatulakmal

A Hybrid Neural Network GARCH Approach to Forecasting Zimbabwean Inflation Volatility pp. 56-73

Nigel E.N. Chitambo, Darren Lee and Sure Mataramvura

Volume 22, issue 2, 2020

Agricultural Finance Constraints in the Nigerian Agricultural Sector pp. 1-21

Margaret Adesugba and George Mavrotas

Structure and Market Power in the South African Banking Sector pp. 22-39

Nomasomi Ngonyama and Munacinga Simatele

Zimbabwean Commercial Banks Performance under Multiple-Currency System: A Dynamic Panel Data Analysis pp. 40-51

Caroline Makumbe, Regret Sunge and James Zivanomoyo

Volume 22, issue 1, 2020

Value-at-Risk in Frontier Markets: Adapted Models and Evidences from Two North-African Stock Exchanges pp. 1-20

Mhamed-Ali El-Aroui and Wafa Snoussi

The Impact of the Adoption of International Financial Reporting Standards on Foreign Direct Investment in Africa pp. 21-49

Matthew Olubayo Omotoso, Daniel Petrus Schutte and Heinz Eckart Klingelhöfer

Macro-Structural Obstacles to Firm Performance: Evidence from 2,640 Firms in Nigeria pp. 50-69

Amr Hosny

Volume 21, issue 2, 2019

The Effect of Aid on Growth in the Presence of Economic Regime Change pp. 1-23

Solomon Samanhyia and Danny Cassimon

A Comparative Analysis of Aggregational Gaussianity Across Different Market Capitalisations for JSE-listed Shares and Indices pp. 24-35

Ryan Kruger, Chun-Sung Huang, Kanshukan Rajaratnam and Chun-Kai Huang

Left Behind, but Included: The Case of Migrant Remittances and Financial Inclusion in Ghana pp. 36-63

Mohammed Amidu, Joshua Abor and Haruna Issahaku

Volume 21, issue 1, 2019

Revisiting Financial Development and Income Inequality Nexus for Africa pp. 1-22

Mustapha Jobarteh and Huseyin Kaya

Do Banking Institutions Respond to Incentives? Banking Awards and Stability Evidence from an Emerging Economy pp. 23-49

Lord Mensah, Charles Andoh, Saint Kuttu and Baah Kusi

Do Exchange Rate Changes have Symmetric or Asymmetric Effects on Money Demand in Nigeria? pp. 50-66

Olalekan Bashir Aworinde and Ishola Rufus Akintoye

Demographic Shift and Bank Stability in SADC Countries pp. 67-85

Kolade Sunday Adesina and Beatrice Desiree Simo-Kengne

Fiscal Policy Sustainability in SADC Countries pp. 86-97

Ntokozo Nzimande and Harold Ngalawa

Volume 20, issue 2, 2018

Intraday Information Transmission in the South African Equities Market pp. 1-20

Kerry McCullough

Capital Flight in Africa: An Analysis of Macroeconomic and Institutional Quality Determinants pp. 21-44

Umakrishnan Kollamparambil and Diana Gumbo

ICT, Financial Access and Gender Inclusion in the Formal Economic Sector: Evidence from Africa pp. 45-65

Simplice Asongu and Nicholas Odhiambo

Interest Rate (Caps) and Sustainability of Microfinance Institutions in Zambia pp. 66-90

Christopher Ngolwe Kambole and Abdul Latif Alhassan

Volume 20, issue 1, 2018

Assessment of Competition in the Zimbabwean Banking Sector since Dollarization pp. 1-23

Kupukile Mlambo and Nebson Mupunga

Rethinking the Interaction Between Banks and Markets in the Nigerian Financial Architecture pp. 24-38

Augustine C. Arize, Ebere Ume Kalu and Nelson N. Nkwor

Modelling Aggregate Risk of the South African Banking Industry: An Application to Pillar II Economic Capital pp. 39-65

Dingaan Jack Khoza and John Weirstrass Muteba Mwamba

Financial Sector Reforms and Human Development in Cameroon pp. 66-88

Neba Cletus Yah and Beatrice Desiree Simo-Kengne