Impact of FinTech and technological innovation on African stock returns: fresh insights from crisis DOI
Ibtissem Missaoui, Waheed Ullah Shah, Aymen Ben Rejeb

et al.

Journal of financial reporting & accounting, Journal Year: 2025, Volume and Issue: unknown

Published: April 21, 2025

Purpose The purpose of this study is to evaluate how financial technology (FinTech) affected the landscape African markets in recent crisis. Existing literature highlights growing interplay between FinTech, technological innovation (NEX) and stock market performance, particularly during periods global uncertainty. Design/methodology/approach current empirically scrutinizes volatility spillover connectedness among returns from May 1, 2019, February 14, 2024 using approach (TVP-VAR) model. authors specifically focus on critical events such as COVID-19 pandemic Russia–Ukraine conflict analyze interconnectedness these variables. Findings findings show a strong connectivity index conflict. demonstrates Egypt Exchange (EGY), Kenya (KEY), Tanzania (TAZ), Johannesburg Stock (SA) are largest transmitters spillovers pandemic, while Nigeria (NAG), Morocco (MOR) Tunisia (TUN) biggest receivers shocks. This equally observes that (TUN), (NAG) FinTech transitioned being net recipients Egyptian (EGY) changed Originality/value By investigating impact effects returns, crises, provides further insights into factors influence resilience face shock disruptions. has significant implications for investors, industry leaders policymakers developing an efficient investment diversification strategy.

Language: Английский

Impact of FinTech and technological innovation on African stock returns: fresh insights from crisis DOI
Ibtissem Missaoui, Waheed Ullah Shah, Aymen Ben Rejeb

et al.

Journal of financial reporting & accounting, Journal Year: 2025, Volume and Issue: unknown

Published: April 21, 2025

Purpose The purpose of this study is to evaluate how financial technology (FinTech) affected the landscape African markets in recent crisis. Existing literature highlights growing interplay between FinTech, technological innovation (NEX) and stock market performance, particularly during periods global uncertainty. Design/methodology/approach current empirically scrutinizes volatility spillover connectedness among returns from May 1, 2019, February 14, 2024 using approach (TVP-VAR) model. authors specifically focus on critical events such as COVID-19 pandemic Russia–Ukraine conflict analyze interconnectedness these variables. Findings findings show a strong connectivity index conflict. demonstrates Egypt Exchange (EGY), Kenya (KEY), Tanzania (TAZ), Johannesburg Stock (SA) are largest transmitters spillovers pandemic, while Nigeria (NAG), Morocco (MOR) Tunisia (TUN) biggest receivers shocks. This equally observes that (TUN), (NAG) FinTech transitioned being net recipients Egyptian (EGY) changed Originality/value By investigating impact effects returns, crises, provides further insights into factors influence resilience face shock disruptions. has significant implications for investors, industry leaders policymakers developing an efficient investment diversification strategy.

Language: Английский

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