Browsing by Author "Yawson, A."

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    Domestic banking sector development and cross border mergers and acquisitions in Africa
    (2012) Agbloyor, E. K.; Abor, J.; Adjasi, Charles Komla; Yawson, A.
    Recently, economists have started taking a closer look at cross border mergers and acquisitions (M&As) due to its phenomenal rise in the past two decades. This study investigates the relation between banking sector development and cross M&As in Africa. Our sample consists of 11 African countries with data covering the period, 1993-2008. We use a Baltagi panel instrumental variable Error Component Two Stage Least Squares (EC2SLS) estimator with the Baltagi-Chang estimators of the variance components to deal with endogeneity. The results of the study indicate that banking sector development promotes cross border M&A activity in Africa. We also document evidence suggesting that cross border M&A activity drives banking sector development in Africa. Overall, our evidence suggests a two-way causation between banking sector development and cross border M&As. © 2012 Production and hosting by Elsevier B.V.
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    Exploring the causality links between financial markets and foreign direct investment in Africa.
    (2013) Abor, J.; Agbloyor, E. K.; Adjasi, K. D.; Yawson, A.