Do board characteristics moderate capital adequacy regulation and bank risk-taking nexus in Sub-Saharan Africa?

Purpose The purpose of this paper is to examine whether board characteristics moderate the relationship between capital adequacy regulation and bank risk-taking universal banks in Sub-Saharan Africa (SSA). Design/methodology/approach uses 700 bank-year observations SSA 2009 2019. further two-step generalized method moments as baseline estimator. Findings finds that positively related overall liquidity risks. Nonetheless, increases credit risk sampled banks. reports individually significantly risk-taking. Practical implications findings have for regulators matter impact behavior. Originality/value extends existing literature on effect regulations behavior nexus