Apau, Richard; Sibindi, Athenia Bongani; Jeke, Leward - In: Risks : open access journal 11 (2023) 9, pp. 1-15
This study assesses the dynamic relationship between macroeconomic factors and bank asset quality based on changes in the condition of stock market returns. A dynamic panel two-step system, the Generalized Method of Moments (system GMM) model, is employed using panel data from 18 universal banks...