Law, Finance and Investment: does legal origin matter in Africa?

This paper assesses if legal origin explains domestic, foreign, private and public investments through financial intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance-investment nexus, though its ability to explain aggregate investment dynamics only through financial intermediary channels is limited in the cases of private and public investments.

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Year of publication:	2011-11-10
Authors:	Asongu, Asongu Simplice
Institutions:	African Governance and Development Institute (AGDI)
Subject:	Law \| Finance \| Investment \| Developing countries

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 11/013 4 pages long
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; K20 - Regulation and Business Law. General ; K40 - Legal Procedure, the Legal System, and Illegal Behavior. General ; P50 - Comparative Economic Systems. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010693289