This paper analyzes the profitability of 112 rural banks (special unit banks created to promote rural financial intermediation in Ghana). The results generally show that bank size, funding risk, diversification, liquidity risk, and bank stability are significant predictors of rural bank...

Does bank size significantly explain the variations in bank stability? Does bank funding risk significantly impact bank stability? This paper addresses these two questions with data from the rural banking industry in Ghana. Controlling for credit risk, liquidity risk, diversification in the...

The paper uses data from 12 African countries to examine whether entrepreneurial activity moderates the relationship between financial development and economic growth. Using panel Generalized Method of Moments (GMM) technique, the results show that entrepreneurial activity does not moderate the...