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ICT adoption and stock market development in Africa : an application of the panel ARDL bounds testing procedure

Igwilo, Jerry Ikechukwu; Sibindi, Athenia Bongani - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-15

the causal relationship between ICT adoption and stock market development in Africa. The study examined a panel of 11 … cointegration and examine the causal relationship between ICT adoption and stock market development. The dependent variable employed …

Persistent link: https://www.econbiz.de/10012799415

Startup & Unicorn Growth Valuation

Aigner, Andreas A.; Schrabmair, Walter - 2021

How do you value companies which have IPOed recently? How do you compare them amongst their peers? Valuing companies using a linear extrapolation of their revenues and profits leads to an ingenious method to benchmark stocks against each other. Here we present such a method, dubbed the growth...

Persistent link: https://www.econbiz.de/10013221655

Mobile Money as a Steppingstone : Addressing Voids in Credit-Market Institutions through Digital Platforms

Agarwal, Aparajita; Assenova, Valentina - 2022

Digital platforms often emerge to meet the needs left unaddressed by missing or underdeveloped institutional infrastructure (i.e., “institutional voids”). We examine the case of “mobile money” and the role it has played in filling voids in credit-market institutions that limit access to...

Persistent link: https://www.econbiz.de/10014030632

Stock Market Development and Economic growth in India: An Empirical Analysis

P., Srinivasan - Volkswirtschaftliche Fakultät, … - 2014

between stock market development and economic growth in the Indian context. Using the cointegration and causality tests for … whether it is a consequence of increased economic activity. This study attempts to investigate the direction of causality … market development indicators and economic growth in India. The empirical results show bidirectional causality between market …

Persistent link: https://www.econbiz.de/10011114474

ICT adoption and stock market development : empirical evidence using a panel of African countries

Igwilo, Jerry Ikechukwu; Sibindi, Athenia Bongani - In: Risks : open access journal 10 (2022) 2, pp. 1-17

The aim of this study was to examine the impact of adopting information and communication technologies (ICT) on the development of African stock exchanges. The study examined a panel of 11 African stock exchanges for the period 2008-2017 and employed the generalised method of moments (GMM) to...

Persistent link: https://www.econbiz.de/10012805909

ICT adoption and stock market development: Empirical evidence using a panel of African countries

Igwilo, Jerry Ikechukwu; Sibindi, Athenia Bongani - In: Risks 10 (2022) 2, pp. 1-17

Persistent link: https://www.econbiz.de/10013200916

Financial deepening and economic growth nexus in Nigeria : supply-leading or demand-following?

Karimo, Tari Moses; Ogbonna, Oliver Ejike - In: Economies : open access journal 5 (2017) 1, pp. 1-18

This paper examined the direction of causality between financial deepening and economic growth in Nigeria for the … period 1970–2013. The study adopted the Toda–Yamamoto augmented Granger causality test and results showed that the growth …

Persistent link: https://www.econbiz.de/10011613311

Derivative markets and economic growth : a South African perspective

Stevens, Matthew; Vermeulen, Cobus - In: Economies : open access journal 12 (2024) 11, pp. 1-21

volatility. It employs ARDL bounds tests, Granger causality tests and GARCH volatility modeling to analyse the effects of … opportunities might exist in other emerging economies, with financial structures comparable to that of South Africa, to encourage …

Persistent link: https://www.econbiz.de/10015197706

Stock markets, banks and long run economics growth : a panel cointegration-based analysis

Cavenaile, Laurent; Gengenbach, Christian; Palm, Franz C. - 2013

and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …

Persistent link: https://www.econbiz.de/10010223077

Testing the Granger Causality between the Dynamics of the Romanian Mutual Fund Market and the Economy

Nistor, Ioan Alin; Ciupac-Ulici, Maria; Radu, Ioana - In: Finante - provocarile viitorului (Finance - Challenges … 1 (2013) 15, pp. 48-59

The paper tests and evaluates the causality between the dynamics of the Romanian mutual fund market and the economy …. Using the Granger causality test, a regression analysis has been developed on quarterly data during 1998Q2 – 2012Q2 for the … the mutual fund market and the economy. According to the results of the study, there is no reciprocal causality …

Persistent link: https://www.econbiz.de/10010734556