This insightful Companion explores how economic agents, especially individuals and firms, make financial and investment decisions over time under conditions of uncertainty in the market. Joshua Yindenaba Abor provides a comprehensive examination of financial economics, discussing critical areas such as digital finance and banking, climate finance and financial inclusion.
Bringing together an international range of experts in the field to present relevant cases, this Companion moves beyond conventional studies of financial economics. It focuses on critical issues in financial economics from theoretical and empirical perspectives, including core areas such as corporate finance, financial markets and asset pricing, and behavioural finance. Chapters also explore emerging issues such as digital finance and banking, financial regulation and financial stability, monetary policy and Fintech, central bank digital currency, green finance and banking, and climate finance and financial inclusion.
The Elgar Companion to Financial Economics is a valuable tool for students and academics in economics and banking. It also greatly benefits practitioners in climate control, dividend policy and monetary policy, as well as policymakers in corporate governance.
Rezensionen / Stimmen
'This book brings issues of contemporary policy interest together - financial development, financial regulation, externalities, etc., while also highlighting advances of global nature, including digital financial services and Fintech, etc. It is positioned to cater to a wide range of stakeholders - students, academics, policymakers, and industry practitioners.' -- Lemma W. Senbet, University of Maryland, USA 'A clever weaving of new aspects of financial economics with standard wisdom is presented throughout this book. For example, the role of digital finance, green finance and financial inclusion are investigated alongside financial stability. This and coverage of Fintech, digital currencies, and climate finance make this book useful as reference material as well as an excellent educational tool.' -- Simon Wolfe, University of Southampton, UK 'If you want to get a bird's eye view of the state of financial economics and its likely evolution, this is the book for you. The coverage of standard financial economics topics such as capital structure, investment decisions and dividends and emerging topics such as digital finance and green finance makes the book a delightful guide to the current scope of financial economics.' -- Sam Mensah, SEM Group Limited, Ghana
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 244 mm
Breite: 169 mm
ISBN-13
978-1-0353-4139-9 (9781035341399)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Edited by Joshua Yindenaba Abor, University of Ghana Business School, Ghana
Contents
PART I OVERVIEW OF FINANCIAL ECONOMICS
1 Introduction to financial economics 2
Joshua Yindenaba Abor
2 Microeconomic foundation of financial economics 18
Maame Ammah Frimpomaah Fosu and Joshua Yindenaba Abor
PART II CORPORATE FINANCE: THEORY AND EVIDENCE
3 Corporate governance and firm performance in Africa: does one size fit all
across sectors? 35
Baah Aye Kusi and Vera Ogeh Lassey Fiador
4 Capital structure and firm financing decisions 66
Gladys A. A. Nabieu, Lordina Amoah, and Michael Graham
5 Firm investment decisions 92
Isaac Ofoeda, James Ntiamoah Doku, and Sydney O. Vanderpuye
6 Dividend policy decisions 114
Daniel Ofori-Sasu, Randolph Nsor-Ambala, and Elikplimi Komla Agbloyor
PART III FINANCIAL MARKETS AND ASSET PRICING
7 The economics of financial markets and institutions 139
Joshua Yindenaba Abor and Ivana Yinisom Abor
8 Financial innovation: emergence, motivations, and impact 155
Abel Agoba, Ayse Demir, and Joshua Yindenaba Abor
9 Efficient security markets 177
Jabir Ibrahim Mohammed and Sam Mensah
10 Portfolio opportunities and choice 192
Sherif Sulemana, Hong Bo, and Joshua Yindenaba Abor
11 Capital asset pricing model in African markets: a systematic review and
bibliometric network analysis 211
Emmanuel Joel Aikins Abakah, Saint Kuttu, and Alfred Yawson
12 Arbitrage pricing theory: an exposition 226
Saint Kuttu and Anthony Q. Q. Aboagye
13 Financial derivatives 237
Godfred Amewu, Michael E. Asamoah, Boison A. Angmosi , and
Akuoko K. Angelo
PART IV BEHAVIOURAL FINANCE
14 Behavioral finance theory and anomalies 260
Isaac Kofi Bekoe and Joshua Yindenaba Abor
15 Behavioural portfolio and the life cycle of savings and spending 276
James Pinto, Joshua Yindenaba Abor, and Kavita Sirichand
16 Behavioural asset pricing and efficient markets 292
Dennis Venunye Hehetror and Sunil Bundoo
PART V EMERGING ISSUES IN FINANCIAL ECONOMICS
17 Contemporary issues in banking 305
Kannyiri Thadious Banyen and Lakshmy Subramanian
18 Recent developments in capital markets 323
Peter W. Muriu and Victor Murinde
19 Emerging issues in global finance 342
Emmanuel Sarpong-Kumankoma, Kathryn A. A. O. Assefuah, Gloria
C. O. Dzeha, and Charles Amo-Yartey
20 Digital finance and banking 358
Benjamin Agyeman, Joshua Yindenaba Abor, and Peter Quartey
21 Financial regulation, financial inclusion, and financial stability 379
Ebenezer Bugri Anarfo, Joseph Abor, Isaac Otchere , and Sarah
Serwah Boateng
22 Monetary policy, FinTech, and financial stability 405
James Atambilla Abugre, Joshua Yindenaba Abor, Joseph G. Nellis
and Emmanuel Abakah
23 Central bank digital currency and monetary policy 430
Joshua Yindenaba Abor, James Atambilla Abugre, and Christopher J. Green
24 Green finance and banking 456
Khadijah Iddrisu and Joshua Yindenaba Abor
25 Climate finance and financial inclusion 493
Zubeiru Salifu, Joshua Yindenaba Abor, and Godfred Amewu
