Browsing by Author "Adjasi, Charles Komla"
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- ItemDomestic banking sector development and cross border mergers and acquisitions in Africa(2012) Agbloyor, E. K.; Abor, J.; Adjasi, Charles Komla; Yawson, A.Recently, economists have started taking a closer look at cross border mergers and acquisitions (M&As) due to its phenomenal rise in the past two decades. This study investigates the relation between banking sector development and cross M&As in Africa. Our sample consists of 11 African countries with data covering the period, 1993-2008. We use a Baltagi panel instrumental variable Error Component Two Stage Least Squares (EC2SLS) estimator with the Baltagi-Chang estimators of the variance components to deal with endogeneity. The results of the study indicate that banking sector development promotes cross border M&A activity in Africa. We also document evidence suggesting that cross border M&A activity drives banking sector development in Africa. Overall, our evidence suggests a two-way causation between banking sector development and cross border M&As. © 2012 Production and hosting by Elsevier B.V.
- ItemFDI and economic activity in Africa: The role of local financial markets(2012) Adjasi, Charles Komla; Abor, J.; Osei, K. A.; Nyavor-Foli, E. E.This article examines the role local financial markets play in the link between foreign direct investment (FDI) and economic activity. The article uses panel data methods on 32 African countries over the period 1997 to 2008. Our results show that FDI only has a significant effect on economic activity when interacted with financial market variables, namely, private-sector credit and savings. The results of this study imply that FDI is more productive in the presence of well-functioning local financial markets. African governments must therefore pay particular attention to developing further local financial markets to ensure full economic benefits of FDI inflows. © 2012 Wiley Periodicals, Inc.
- ItemFinancing Africa's growth: the role of development finance(2014-10) Adjasi, Charles KomlaENGLISH ABSTRACT: What financial tools do African countries have at their disposal to finance, say, infrastructure projects, small business expansion or household assets? Prof Charles Adjasi, associate professor and head: Development Finance Programmes at the University of Stellenbosch Business School, explores the role of development finance in supporting Africa’s growth.
- ItemMicrofinance services and household asset accummulation in Ghana and South Africa: An asset-index approach(2013) Akotey, Joseph Oscar; Adjasi, Charles Komla
- ItemUxhaso mali lokuhluma kweafrika: indima yophuhliso lwemali(2014-10) Adjasi, Charles KomlaZeziphi izixhobo zoqoqosho uMzantsi Afrika onazo kwezemali,ukutsho, amaziko enza iiprojekthi, ukwanda kwamashishini amancinci okanye izinto ezinokuthi zithengiswe zamakhaya? Njing. Charles Adjasi, injingalwazi emanyeneyo neyintoko: Inkqubo yoPhuhliso lweZemali kwi Yunivesithi yase Stellenbosch Business School, ihlola indima yophuhliso lwemali ukuxhasa ukuhluma kweAfrika.