TY - JOUR
T1 - Drivers of income diversification in credit unions
T2 - Do size, resource, liquidity, and environment matter?
AU - Amoah, Benjamin
AU - Bokpin, Godfred A.
AU - Ohene-Asare, Kwaku
AU - Aboagye, A. Q.Q.
N1 - Publisher Copyright:
© 2021 John Wiley & Sons, Ltd.
PY - 2021/9
Y1 - 2021/9
N2 - This paper investigates income diversification in credit unions in Ghana. We make use of the random effect, Hausman–Taylor, and fractional regression to assess income diversification. We find empirical support that there exist differences between workplace credit union income diversification and other types of credit union. We also find that within nonfinancial income, size, liquidity, loan portfolio, net worth, and economic growth are important. For within liquid financial investment diversification, size, liquidity, resource usage, age, net interest margin, bank concentration, inflation, and economic growth matter. We recommend that with excess reserves, credit unions should pursue liquid financial investment.
AB - This paper investigates income diversification in credit unions in Ghana. We make use of the random effect, Hausman–Taylor, and fractional regression to assess income diversification. We find empirical support that there exist differences between workplace credit union income diversification and other types of credit union. We also find that within nonfinancial income, size, liquidity, loan portfolio, net worth, and economic growth are important. For within liquid financial investment diversification, size, liquidity, resource usage, age, net interest margin, bank concentration, inflation, and economic growth matter. We recommend that with excess reserves, credit unions should pursue liquid financial investment.
UR - http://www.scopus.com/inward/record.url?scp=85102763952&partnerID=8YFLogxK
U2 - 10.1002/mde.3314
DO - 10.1002/mde.3314
M3 - Article
AN - SCOPUS:85102763952
SN - 0143-6570
VL - 42
SP - 1407
EP - 1420
JO - Managerial and Decision Economics
JF - Managerial and Decision Economics
IS - 6
ER -