Topic/题目：Political Instability, Regulatory Quality and Banks Systematic Risk:Evidence from Africa
Speaker/报告人：Tsegaye Tibebu
Facilitator/主持人：肖虹教授 (Professor Xiao Hong)
Time/时间：4月16日（周二）15:00-16:30
Online Conference ID/腾讯会议号：374-471-356
Abstract/摘要：Political instability triggers financial and economic crises despite this existing fact; however, prior studies have emphasized the economic impact of political risk, specifically in Africa. In this study, in contrast, we examined its impact on banks' systematic risk by considering the recent regulatory improvement that is important to private sector development in the region. We used -level bank data from 41 African countries for a time period from 2010 to 2021. The finding shows that political instability enhance bank's systematic risk significantly. Moreover, the result shows that strong regulatory quality reduces but does not completely alleviate this adverse effect, although it has a minimal individual role in banks risk-taking. Countries with a better regulatory framework also experience a lesser systematic risk when compared with their counterparts. We conducted several robustness checks, and the results are consistent.
About the Speaker/报告人简介：Tsegaye Tibebu has joined Xiamen University in 2017 as a PhD student in Accounting at IFAS. Currently he is doing his thesis from home, once after stranded by COVID-19. Tsegaye’s research interest areas are financial accounting linked to corporate finance and capital market role. He is also interested on public governance relation to finance , accounting information and financial stability.