This paper examines how regionalization in the face of globalization has affected financial development in the context …/projects with deposits; (3) increase in welfare has positively affected the intermediary role of banks; (4) globalization tends to …

past decade. Design/methodology/approach – We limit our sample to a panel of African countries for which inflation is non …

past few years. Design/methodology/approach – The estimation approach used is a Two-Stage-Least Squares Instrumental … justifying the choice of the estimation approach with a Hausman-test for endogeneity. In the second-step, we verify that the …) estimation with robust Heteroscedasticity and Autocorrelation Consistent(HAC) standard errors; and (3) adoption of two …

-nine African countries with data spanning from 1987 to 2008. Using panel empirical techniques, we provide evidence of bi …

. From a panel of 29 countries spelling from 1987 to 2008, we provide evidence that; trade and financial openness, breed less …

span of time from 1984 to 2005. We use the panel data approach with a dynamic fixed effect model, which evidences that …

using in panel of 187 firms. The results reveal that investment sensibility to uncertainty, sales and free cash flow is …