At what levels of financial development does information sharing matter?
Abstract Background The purpose of this study is to investigate how an increase in information-sharing bureaus affects financial access. Methods We employed contemporary and non-contemporary interactive quantile regressions in 53 African countries for the period 2004–2011. Information-sharing bureau...
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Online Access: | http://link.springer.com/article/10.1186/s40854-017-0061-1 |
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doaj-a25da20676514c7284ddd0639f155cfc2020-11-25T00:43:27ZengSpringerOpenFinancial Innovation2199-47302017-06-013113010.1186/s40854-017-0061-1At what levels of financial development does information sharing matter?Simplice A. Asongu0Jacinta C. Nwachukwu1African Governance and Development InstituteSchool of Economics, Finance and Accounting, Faculty of Business and Law, Coventry UniversityAbstract Background The purpose of this study is to investigate how an increase in information-sharing bureaus affects financial access. Methods We employed contemporary and non-contemporary interactive quantile regressions in 53 African countries for the period 2004–2011. Information-sharing bureaus are proxied with public credit registries and private credit offices. Financial development dynamics involving depth (at overall economic and financial system levels), efficiency (at banking and financial system levels), activity (from banking and financial system perspectives), and size are used. Results Two key findings are established. First, the effect of an increase in private credit bureaus is not clearly noticeable on financial access, probably because private credit agencies are still to be established in many countries. Second, an increase in public credit registries for the most part improves financial allocation efficiency and activity (or credit) between the 25th and 75th quartiles. Conclusions As a main policy implication, countries in the top and bottom ends of the financial efficiency and activity distributions are unlikely to benefit from enhanced financial allocation efficiency as a result of an increase in public credit registries.http://link.springer.com/article/10.1186/s40854-017-0061-1Information sharingFinancial developmentQuantile regression |
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DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Simplice A. Asongu Jacinta C. Nwachukwu |
spellingShingle |
Simplice A. Asongu Jacinta C. Nwachukwu At what levels of financial development does information sharing matter? Financial Innovation Information sharing Financial development Quantile regression |
author_facet |
Simplice A. Asongu Jacinta C. Nwachukwu |
author_sort |
Simplice A. Asongu |
title |
At what levels of financial development does information sharing matter? |
title_short |
At what levels of financial development does information sharing matter? |
title_full |
At what levels of financial development does information sharing matter? |
title_fullStr |
At what levels of financial development does information sharing matter? |
title_full_unstemmed |
At what levels of financial development does information sharing matter? |
title_sort |
at what levels of financial development does information sharing matter? |
publisher |
SpringerOpen |
series |
Financial Innovation |
issn |
2199-4730 |
publishDate |
2017-06-01 |
description |
Abstract Background The purpose of this study is to investigate how an increase in information-sharing bureaus affects financial access. Methods We employed contemporary and non-contemporary interactive quantile regressions in 53 African countries for the period 2004–2011. Information-sharing bureaus are proxied with public credit registries and private credit offices. Financial development dynamics involving depth (at overall economic and financial system levels), efficiency (at banking and financial system levels), activity (from banking and financial system perspectives), and size are used. Results Two key findings are established. First, the effect of an increase in private credit bureaus is not clearly noticeable on financial access, probably because private credit agencies are still to be established in many countries. Second, an increase in public credit registries for the most part improves financial allocation efficiency and activity (or credit) between the 25th and 75th quartiles. Conclusions As a main policy implication, countries in the top and bottom ends of the financial efficiency and activity distributions are unlikely to benefit from enhanced financial allocation efficiency as a result of an increase in public credit registries. |
topic |
Information sharing Financial development Quantile regression |
url |
http://link.springer.com/article/10.1186/s40854-017-0061-1 |
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