The synergy of financial sector development and information sharing in financial access : propositions and empirical evidence

Simplice A. Asongu (African Governance and Development Institute,Yaoundé, Cameroon), Jacinta C. Nwachukwu (Department of Economics, Finance and Accounting, Faculty of Business, Environment and Society, Coventry University, UK)

This study assesses the role of information sharing in financialization (or coexistence of financial sub-systems) for financial access. The empirical evidence is based on contemporary and non-contemporary Fixed Effects and Quantile regressions on 53 African countries for the period 2004-2011. The positive complementarity of information sharing offices (ISOs) and financial formalization is an increasing function of financial activity (or access to credit) whereas the negative complementarity of ISOs and financial informalization is a decreasing function of financial activity. In order to leverage on the synergy between ISO and financial formalization for enhanced financial access, some policy measures are proposed.

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Year of publication:	March 2017
Authors:	Asongu, Simplice ; Nwachukwu, Jacinta C.
Publisher:	[Yaoundé] : African Governance and Development Institute
Subject:	Information Asymmetry \| Financialization \| Financial Access \| Finanzsektor \| Financial sector \| Asymmetrische Information \| Asymmetric information \| Finanzmarkt \| Financial market \| Informationsverbreitung \| Information dissemination \| Unternehmensfinanzierung \| Corporate finance \| Finanzdienstleistung \| Financial services \| Theorie \| Theory