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Information asymmetry and market power in the African banking industry

Agyenim Boateng, Simplice Asongu (), Raphael Akamavi and Vanessa Tchamyou ()

Journal of Multinational Financial Management, 2018, vol. 44, issue C, 69-83

Abstract: This study investigates the role of information sharing offices and its association with market power in the African banking industry based on a panel of 162 banks from 42 countries for the period 2001–2011. Five simultaneity-robust estimation techniques are employed: Two Stage Least Squares; Instrumental Fixed Effects to control for unobserved heterogeneity; Instrumental Tobit regressions to control for the limited range in the dependent variable; Generalised Method of Moments (GMM) to control for persistence in market power; and Instrumental Quantile Regressions (QR) to account for initial levels of market power.

Keywords: Information sharing; Market power; Information asymmetry; Africa (search for similar items in EconPapers)
JEL-codes: G20 G29 L96 O40 O55 (search for similar items in EconPapers)
Date: 2018
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Related works:
Working Paper: Information Asymmetry and Market Power in the African Banking Industry (2016) Downloads
Working Paper: Information Asymmetry and Market Power in the African Banking Industry (2016) Downloads
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