Determinants of the West African economic and monetary union's banks going-public decision: empirical evidence on the role of macroeconomic factors

Daouda Lawa tan Toe and Mamadou Toe

African Journal of Accounting, Auditing and Finance, 2025, vol. 9, issue 1, 18-41

Abstract: This research seeks to investigate the determinants of the going public decision in the banking industry by looking at the macroeconomic factors. For this purpose, we resort to a vector error correction model (VECM). Empirical findings indicate that in the West African Economic and Monetary Union, inflation, interest rate and stock market index return are the main factors that explain banks decision to go public. Moreover, findings show that GDP Granger causes the IPO decision. In the light of these findings, it is therefore essential that WAEMU, through its monetary institution, continue to work towards controlling price stability. The authorities also need to make efforts to improve national wealth.

Keywords: go public; macroeconomic factors; WAEMU; banks; BRVM. (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=143547 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ajaafi:v:9:y:2025:i:1:p:18-41

Access Statistics for this article

More articles in African Journal of Accounting, Auditing and Finance from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().