The persistence of profits of banks in Africa

Show simple item record Amidu, S. Harvey, S.K. 2018-10-12T13:20:22Z 2018-10-12T13:20:22Z 2016
dc.identifier.other doi:10.1007/s11156-014-0495-8
dc.description.abstract Abstract This paper analyses the profit persistence of African banking sector, focusing on the role of the level of competition and banks earnings management. We apply Markov chain to analyse the extent and mobility of profit persistence, dynamic auto regressive model to assess the speed of convergence and the quantile regression technique to examine the determinants of profit persistence of banks in Africa. The results show a high level of profit persistence and relatively low speed of convergence. There is also evidence that regulation and banks earnings management affect both the level and persistence of banks profitability. We also find that competition as well as 2007/2008 financial crisis reduce the level and the speed of profit persistence. en_US
dc.language.iso en en_US
dc.publisher Springer en_US
dc.subject Banks en_US
dc.subject Imperfect market en_US
dc.subject Bank earnings en_US
dc.subject Markov chain en_US
dc.subject Developing countries en_US
dc.title The persistence of profits of banks in Africa en_US
dc.type Article en_US

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