Godfred Amewu
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View article: The Nexus between Financial Development and Income Inequality: The Moderating Role of Religious Freedom
The Nexus between Financial Development and Income Inequality: The Moderating Role of Religious Freedom Open
The study investigates whether religious freedom affects the relationship between financial development and income inequality in sub-Saharan Africa, employing empirical analysis. It is motivated by the observation that, although religious …
View article: Sovereign bond yield and cryptocurrency returns within the frontier West African monetary zone: a dynamic contagion analysis
Sovereign bond yield and cryptocurrency returns within the frontier West African monetary zone: a dynamic contagion analysis Open
This study employs wavelet analysis to examine the contagion between cryptocurrency returns and sovereign bond yields within the West African Monetary Zone (WAMZ) economies, capturing both the frequency-dependent nature of the relationship…
View article: African and international financial markets interdependencies: Does Covid-19 media coverage make any difference?
African and international financial markets interdependencies: Does Covid-19 media coverage make any difference? Open
This study examines the co-movement and time-varying integration between equity, exchange rate, and international market volatility indices across different time–frequency domains using - bi-partial wavelet, - supplemented by dynamic condi…
View article: Does personal freedom matter for financial development in Africa?
Does personal freedom matter for financial development in Africa? Open
It has repeatedly been claimed that institutions play an important, and decisive role in economic development. Many studies have analyzed the effect of formal institution on financial development while informal institutions have received l…
View article: Examining the impact of personal freedom on income inequality: Evidence from Sub-Saharan Africa and Western European regions
Examining the impact of personal freedom on income inequality: Evidence from Sub-Saharan Africa and Western European regions Open
Rising income inequality has recently garnered intensive attention owing to its significance in theory and practice. This has rendered the mechanism through which inequality can be understood, even from a microscopic perspective, to instit…
View article: The impact of geopolitical risks, financial stress, economic policy uncertainty on African stock markets returns and volatilities: wavelet coherence analysis
The impact of geopolitical risks, financial stress, economic policy uncertainty on African stock markets returns and volatilities: wavelet coherence analysis Open
Purpose This study seeks to examine the relationship between macroeconomic shock indicators, namely geopolitical risk (GPR), global economic policy uncertainty (GEPU) and financial stress (FS), and returns as well as volatilities on seven …
View article: Long memory in volatility in foreign exchange markets: evidence from selected countries in Africa
Long memory in volatility in foreign exchange markets: evidence from selected countries in Africa Open
This study examines the long memory properties in the volatility of the foreign exchange markets of Egypt, Ghana, Kenya, Nigeria and South Africa. Applying the FIEGARCH model to daily data from June 2, 1997, to December 31, 2021, we find l…
View article: Religiosity and financial development in Africa: evidence from panel quantile regression
Religiosity and financial development in Africa: evidence from panel quantile regression Open
As secularism is increasing and religious diversity is regaining momentum worldwide, it is important to understand how systemic religious differences have influenced financial development in Africa. To this end, this study seeks to investi…
View article: Do firms operating in a shared institutional environment have similar sustainability disclosure practices? A comparative analysis of multinational and locally listed firms in Africa
Do firms operating in a shared institutional environment have similar sustainability disclosure practices? A comparative analysis of multinational and locally listed firms in Africa Open
This study compares the quality of Corporate Social Responsibility (CSR) practices and reporting of firms operating in Africa listed in Western economies and firms exclusively listed on the African stock exchange, using the Global Reportin…
View article: The application of financing and dividend decision techniques in practice among Ghanaian chief financial officers (CFOs)
The application of financing and dividend decision techniques in practice among Ghanaian chief financial officers (CFOs) Open
We use a survey approach to investigate how managers in a frontier market apply financing and dividend decision techniques in practice. 15 firm characteristics were grouped into paired subgroups for a two-sample t-test analysis that genera…
View article: Firm characteristics and the use of investment decision techniques in the global south: Evidence from Ghana
Firm characteristics and the use of investment decision techniques in the global south: Evidence from Ghana Open
This study uses a survey approach to investigate how managers associated with thirty (30) firm characteristics subgroups apply thirty-seven (37) investment decision techniques in practice in a frontier market covering: capital budgeting, c…
View article: The effect of banking sector reforms on interest rate spread: Evidence from Ghana
The effect of banking sector reforms on interest rate spread: Evidence from Ghana Open
The wide interest rate spread has been a matter of concern for many developing economies. In Ghana, the perception is that the interest rate spread is too wide and that banks have linked it to various variables affecting them. This study e…
View article: Time-frequency analysis of financial stress and global commodities prices: Insights from wavelet-based approaches
Time-frequency analysis of financial stress and global commodities prices: Insights from wavelet-based approaches Open
We examine the time-frequency lead-lag relationships and the degree of integration between the US financial stress index and global commodity prices (i.e., oil, gold, silver, and cocoa) with data covering over 47 decades (January 1975 to D…
View article: Linear and non-linear ARDL estimation of financial innovation and economic growth in Ghana
Linear and non-linear ARDL estimation of financial innovation and economic growth in Ghana Open
Purpose This study aimed to explore the effect of Financial Innovation (FI) on economic growth in Ghana, with a dataset spanning 1960–2019, adopting a broader conceptualization of FI as the ratio of broad money to narrow money. Design/meth…