@inbook{401518118cc54a85b7801a07bebed6b2,
title = "Efficiency and risk-taking behaviour of Ghanaian Banks",
abstract = "Purpose - This paper examines the interaction of efficiency and bank risk taking in the Ghanaian banking industry. Design/methodology/approach - We relate risk taking to price competitiveness, foreign ownership and cost efficiency and other control variables. Cost-inefficiency scores from a stochastic frontier model are used, and a Lerner price index is employed to proxy for market power. Findings - Our results suggest that market power affects risk taking when conditioned on foreign ownership, but foreign bank risk-taking behaviour is not statistically different from local banks. Cost inefficiency diminishes bank soundness. We also find that industry concentration discourages greater risk taking. Originality/value - Our study extends the views on risk taking and competition among banks in Ghana, which throws more light from an emerging economy perspective.",
keywords = "Efficiency, Foreign ownership, Ghana, Market power, Risk taking",
author = "Zangina Isshaq and Bokpin, {Godfred A.} and Benjamin Amoah",
year = "2012",
doi = "10.1108/S1479-3563(2012)000012B007",
language = "English",
isbn = "9781781902240",
series = "Research in Accounting in Emerging Economies",
number = "PARTB",
pages = "53--74",
editor = "Kojo Menyah and Joshua Abor",
booktitle = "Finance and Development in Africa",
edition = "PARTB",
}