We examine the relation between cash holdings, quality of governance and financial constraints. We find that firms with … positive correlation that exists between governance quality measures and the degree of financial constraint faced by the firm …. We show that governance quality has no impact on cash holdings by financially unconstrained firms. It does, however, have …

This paper aims to ascertain the effects of convergence in governance on investment decisions among a sample of 43 … governance are considered to be areas of higher investment, as a result of further integration and collaborative action among … process and, to a large extent, this is about institutional transformation. Good governance institutions are an assurance to …

, with special emphasis on the role of governance. Based on the existing literature, we have categorized what types of … governance institutions are more detrimental to entrepreneurial investments. We have then estimated a simultaneous model of … private investment and governance quality where economic policies concurrently explain both variables. Our empirical results …