Risk and performance of non-bank financial institutions

Patience Asamoah Sakyi, Isaac Ofoeda, Anthony Kyereboah-Coleman and Joshua Abor

International Journal of Financial Services Management, 2014, vol. 7, issue 1, 19-35

Abstract: This study examines the risk levels of Non-Bank Financial Institutions (NBFIs) and their effect on performance. A panel data analysis of 42 NBFIs over the period of 2006-2010 is used for the study. The results show that NBFIs have been safe as far as bankruptcy is concerned, over the period under study. The risk index used as a measure of overall risk levels show a high mean risk level suggesting that the risk of insolvency of NBFIs in Ghana has been low. The results of the study also establish that lower risk levels lead to an increase in performance of NBFIs. It is further shown that the size of NBFIs has a positive relationship with performance. The results also show that further increases in size of NBFIs measured as the squared of size has a positive impact on performance.

Keywords: NBFIs; non-bank financial institutions; risk levels; performance evaluation; financial services management; Ghana; institution size. (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijfsmg:v:7:y:2014:i:1:p:19-35

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