Macroeconomic Drivers of Private Equity Penetration in Sub-Saharan African Countries

Nkam, Fonkam Mongwa; Akume, Akume Daniel; Sama, Molem Christopher

doi:10.5539/ibr.v13n1p192

Cited by 2 publications

(1 citation statement)

References 14 publications

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“…EXR (REER) has a substantial impact on operating income performance, even when endogeneity is taken into account in the model and tested for. The endogeneity issue was covered by panel-corrected standard errors methods [56] and the system generalized method of moments method, which detects a potentially eliminated variable error [57].…”

Section: Robustness Test and Endogeneity Problemmentioning

confidence: 99%

The Quality of Fair Revaluation of Fixed Assets and Additional Calculations Aimed at Facilitating Prospective Investors’ Decisions

et al. 2022

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The main objective of this study is to find out why sugar companies’ revaluation of their fixed assets has no direct financial impact. The purpose of this financial statement analysis of the sugar sector is to help potential investors make better decisions. It can also be used to address information asymmetries and alert investors. Fixed assets form a major part of a company’s value. During 2013–2018, 19 selected enterprises of Pakistan’s sugar sector adopted the International Accounting Standards Board’s international accounting standard 16 for fixed assets. Ordinary least squares, fixed effects, and random effects methods were used as a static panel, a panel-corrected standard errors method was used for the robust standard error and the system generalized method of moments was used as a dynamic panel. The surplus had a negative impact on operative income on revaluation of fixed assets in sugar businesses. As expected, revaluation by fixed asset firms resulted in changes in potential outcomes, as measured by cash in operating income and revenue, both of which were extremely negative. The return on assets was also linked to revaluation balance. The debt over the proportion of assets resulted in a strong correlation between revaluations, which meant that motivation affected how the volatility in asset value reflected the revaluation. Relationships were generally worse and more uncertain for listed companies at a time of strong economic volatility. Investors should not consider such accounting justice. The price-earnings ratio had a beneficial effect on operative income. The statistics support the idea that external concerns help the revaluation of assets.

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Section: Robustness Test and Endogeneity Problemmentioning

confidence: 99%

The Quality of Fair Revaluation of Fixed Assets and Additional Calculations Aimed at Facilitating Prospective Investors’ Decisions

et al. 2022

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Macroeconomic Factors Affecting Commercial Banks’ Credit to Small And Medium-Sized Enterprises in Kenya.

Kariuki,

Nasieku

2023

ijsshr

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Bank credit to the SMEs in Kenya remains relatively low by international standards, and by holding other factors constant, there is potential for credit growth. However, several factors come into play with regard to the proportion of credit to the SME sector. From this background, the current study will seek to examine the determinants of bank credit to the SME sector in Kenya. The financial intermediation theory, financial liberalization theory and credit risk theory provided the theoretical justification of the study. This study adopted a causal research design to focus on establishing the causal relationships between the dependent and independent variables. Quantitative secondary data was adopted in this study and collected using a data collection instrument. Monthly time series data for the period 2008 to 2021 retrieved from the Central Bank of Kenya reports, Kenya National Bureau of Statistics, and World Bank reports was used. The study used both descriptive and inferential methods to analyze data. The findings from this study support the intuition from empirical evidence and theoretical framework that credit in commercial banks is determined by macroeconomic factors. This means that commercial credit in Kenya are determined by GDP, Inflation, interest rates & Exchange rates when all working simultaneously.

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Macroeconomic Drivers of Private Equity Penetration in Sub-Saharan African Countries

Cited by 2 publications

References 14 publications

The Quality of Fair Revaluation of Fixed Assets and Additional Calculations Aimed at Facilitating Prospective Investors’ Decisions

The Quality of Fair Revaluation of Fixed Assets and Additional Calculations Aimed at Facilitating Prospective Investors’ Decisions

Macroeconomic Factors Affecting Commercial Banks’ Credit to Small And Medium-Sized Enterprises in Kenya.

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