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Regulatory Policy Uncertainty, Financial Innovations, and the Performance of Financial Institutions among Emerging Markets

Author

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  • Rexford Abaidoo
  • Elvis Kwame Agyapong

Abstract

This study examines the impact of regulatory policy uncertainty and financial innovations on the performance of financial institutions among emerging economies from sub-Saharan Africa (SSA) from 2004 to 2020. The study employs the pooled ordinary least squares (POLS) with Driscoll and Kraay’s (1998) standard errors in examining the various interactions specified in the objectives. Results from the analysis suggest that regulatory policy uncertainty negatively influences the performance of financial institutions among sampled economies in the study. Further results show that financial innovations tend to augment the performance of financial institutions, all things being equal. Again, reported findings show that effective governance alone may not be enough to negate the adverse effect of regulatory policy uncertainty on the performance of financial institutions in the subregion. JEL Classification C33, G18, G2, G28

Suggested Citation

  • Rexford Abaidoo & Elvis Kwame Agyapong, 2025. "Regulatory Policy Uncertainty, Financial Innovations, and the Performance of Financial Institutions among Emerging Markets," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 17(2), pages 163-179, May.
    • Handle: RePEc:sae:emeeco:v:17:y:2025:i:2:p:163-179
    DOI: 10.1177/09749101241287293
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    More about this item

    Keywords

    Financial innovations; regulatory policy uncertainty; financial institution performance; pooled ordinary least squares with Driscoll and Kraay’s (1998) standard errors;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G2 - Financial Economics - - Financial Institutions and Services
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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