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Do Banking Institutions Respond to Incentives? Banking Awards and Stability Evidence from an Emerging Economy

Lord Mensah et al.

African Finance Journal2019article
AJG 1
Weight
0.47

What the paper says

This study investigates how banking awards influence stability in the banking sector of Ghana. We employ a robust random effect panel model of 30 banks between 2007 and 2014 and the results show that banking institutions respond to incentives in the form of awards. However, banking stability is weakened when previous year awards are concentrated in fewer individual banks. These imply that awards at the industry and individual bank levels promotes and weakens stability, respectively. From these findings, it is obvious that regulators of banks can rely on industry-level focused awards to reinforce stability but not on individual bank level focused awards. Also, organizers of banking awards in conjunction with regulators should structure and design banking awards to avoid concentration of awards in few banks and to be industry oriented.

4 citations

Cite this paper

@article{lord2019,
  title        = {{Do Banking Institutions Respond to Incentives? Banking Awards and Stability Evidence from an Emerging Economy}},
  author       = {Lord Mensah et al.},
  journal      = {African Finance Journal},
  year         = {2019},
}

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Do Banking Institutions Respond to Incentives? Banking Awards and Stability Evidence from an Emerging Economy

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Evidence weight

0.47

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.31 × 0.4 = 0.12
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.