Purpose – The purpose of this paper is to investigate the effects of macroeconomic factors on secured and unsecured household loans from UK banks. Design/methodology/approach – The approach uses Vector auto-regression models to test the relationship between macroeconomic factors such as...

In this paper, we explore the dynamic relationship between aggregate foreign equity inflows and aggregate liquidity of the Kenyan stock market using transactional foreign trading data and several liquidity measures. We employ vector autoregression with monthly gross foreign inflows, local stock...

Purpose: This paper aims to establish the effect of bank regulations on financial stability in Kenya. Specifically, the study seeks to uncover the effect of micro and macro prudential regulations on financial stability and their trade-offs or complementarities. Design/methodology/approach:...

In this paper, we explore the dynamic relationship between aggregate foreign equity inflows and aggregate liquidity of the Kenyan stock market using transactional foreign trading data and several liquidity measures. We employ vector autoregression with monthly gross foreign inflows, local stock...

Since the seminal work by Modigliani and Miller in (1958) and the subsequent revision of their initial position (1963), several studies have shown that capital structure influences performance of corporate entities. Although the empirical evidence remains mixed and contestable, microfinance...

There have been profound changes in both political and economic institutions in Africa economies over the last 20 years. These changes vary from one country to another. This study contributes to the literature on microfinance profitability by examining whether profitability depends on the...

While microfinance institutions (MFIs) in other regions have continuously reported positive profits, those operating in Africa economies continue to post negative profits. Why has this remained so? This study uses unbalanced panel dataset comprising of 210 MFIs across 32 Africa economies,...