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Risk and performance of non-bank financial institutions

Author

Listed:
  • Patience Asamoah Sakyi
  • Isaac Ofoeda
  • Anthony Kyereboah-Coleman
  • Joshua Yindenaba Abor

Abstract

This study examines the risk levels of Non-Bank Financial Institutions (NBFIs) and their effect on performance. A panel data analysis of 42 NBFIs over the period of 2006-2010 is used for the study. The results show that NBFIs have been safe as far as bankruptcy is concerned, over the period under study. The risk index used as a measure of overall risk levels show a high mean risk level suggesting that the risk of insolvency of NBFIs in Ghana has been low. The results of the study also establish that lower risk levels lead to an increase in performance of NBFIs. It is further shown that the size of NBFIs has a positive relationship with performance. The results also show that further increases in size of NBFIs measured as the squared of size has a positive impact on performance.

Suggested Citation

  • Patience Asamoah Sakyi & Isaac Ofoeda & Anthony Kyereboah-Coleman & Joshua Yindenaba Abor, 2014. "Risk and performance of non-bank financial institutions," International Journal of Financial Services Management, Inderscience Enterprises Ltd, vol. 7(1), pages 19-35.
    • Handle: RePEc:ids:ijfsmg:v:7:y:2014:i:1:p:19-35
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    Citations

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    Cited by:

    1. Eric Dei Ofosu-Hene & Peter Amoh, 2016. "Risk Management and Performance of Listed Banks in Ghana," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 2(2), pages 107-121.
    2. Diby François Kassi & Dilesha Nawadali Rathnayake & Pierre Axel Louembe & Ning Ding, 2019. "Market Risk and Financial Performance of Non-Financial Companies Listed on the Moroccan Stock Exchange," Risks, MDPI, vol. 7(1), pages 1-29, February.

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