دانلود رایگان مقاله لاتین عدم تقارن اطلاعات و دینامیک توسعه مالی از سایت الزویر
عنوان فارسی مقاله:
عدم تقارن اطلاعات و پویایی توسعه مالی در آفریقا
عنوان انگلیسی مقاله:
Information asymmetry and financial development dynamics in Africa
سال انتشار : 2016
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بخشی از مقاله انگلیسی:
2. Background and theoretical
underpinnings ISOs which are also known as ‘credit reference agencies’ are institutions that collect information related to the obligations of individuals and commercial borrowersfrom many sources: public sources and direct investigation (for businesses), banks and credit card companies (for individuals) and retail lenders. The collected information is then consolidated after cross-checking for a comprehensive report. Once the report is established, it can be used by future creditors. The data from the reports on credit history is usually information of negative and positive nature, notably (i) positive information (entailing details on all open and closed amounts as well as on repayment behaviour) and (ii) negative information (consisting of mostly information on default rates). ISOs are essential for the provision of credit essential for the prosperity of an economy because they enable the mitigating of information asymmetries that limit the ability of lenders to exhaustively assess the risk profiles of borrowers. On the one hand, data from credit histories enable the address of adverse selection that is apparent from creditors because they facilitate the obtaining of reputational collaterals by creditors, especially in scenarios where exhaustive information is needed. On the other hand, ISOs reduce moral hazard by tackling the concerns surrounding the unappealing behaviour from borrowers on the repayment of their debts, thereby, strengthening default and repayment rates. The ensuing increase in lending is crucial to the sectors with substantial financial constraints such as micro, small and medium enterprises. In accordance with Mylenko (2008), priorto 2008,ISOs were for the most part restricted to a few countriesin the Organisation forEconomicCooperation andDevelopment andLatinAmerica. After 2008, the burgeoning of information and communication technologies has substantially favoured the establishment of ISOs in Sub-Saharan Africa, Eastern Europe and the Middle East and North Africa. Therefore, by 2008, with the exception of South Africa, few countries had ISOs in the Sub-Saharan Africa region. Some nations like Mozambique, Rwanda and Nigeria had also instituted credit registries with the core aim of strengthening banking sector supervision. Unfortunately, given the lack of propertechnology and incentives, timely and accurate information was not often provided by these credit registries. However, with the growth of information and communication technology, several initiatives on introducing ISOs were taken across the continent.
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کلمات کلیدی:
Information asymmetry and conditional financial sector development ... www.emeraldinsight.com/doi/abs/10.1108/JFEP-11-2016-0087 by S Asongu The purpose of this study is to examine the role of reducing information asymmetry (IA) on conditional financial sector development in 53 African countries for the ... [PDF]The role of ICT in reducing information asymmetry for financial access https://www.microfinancegateway.org/.../b._moulin_s._asongu_-_the_role_of_ict_in_... by SA Asongu - 2016 - Related articles Apr 26, 2016 - In the light of the above, the literature on information asymmetry and financial development (which is discussed in. Section 2) leaves room for ... [PDF]Reducing Information Asymmetry with ICT: A critical ... - Dr. Sara le Roux saraleroux.weebly.com/uploads/1/3/1/2/.../act_and_information_asymmetry.pdf Keywords: Financial access; Information asymmetry; ICT ... improving the penetration of ICT in Africa because ICT growth is stabilizing, as seen in the high-end ... [PDF]Information asymmetry and financial development dynamics in Africa https://pure.coventry.ac.uk/ws/portalfiles/portal/3969825 includes all financial dimensions identified by the financial development and structure ... Keywords: Information asymmetry; Financial development; Africa. 1.
