The Effect of Financial Innovation and Bank Competition on Firm Value: A Comparative Study of Malaysian and Nigerian Banks
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Date
2021
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The Journal of Asian Finance, Economics and Business
Abstract
This study examines how financial innovation and bank competition influence firm value among banks in Malaysia and Nigeria. Using a sys-GMM approach on panel data, it finds that financial innovation has a significant negative effect on firm value and that the interaction between innovation and competition also negatively affects value.
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Olalere, O.E., Kes, M.S., Islam, M.A. and Rahman, S. (2021). The Effect of Financial Innovation and Bank Competition on Firm Value: A Comparative Study of Malaysian and Nigerian Banks. The Journal of Asian Finance, Economics and Business, 8(6), 245-253.