Purpose: The purpose of this paper is to examine the effect of debt holdings on the sensitivity of firms’ investment to availability of internal funds. Design/methodology/approach: For a panel data set of 27 Ghanaian listed firms for the period 2007–2013, the paper applies the Euler...

Purpose: The purpose of this paper is to examine the link between financial consumer protection (FCP) and economic growth. Design/methodology/approach: The authors use cross-country data on 114 countries surveyed in the World Bank Global Survey on FCP and Financial Literacy (2013) and...

Purpose: The purpose of this paper is to primarily investigate the ability of independent central banks (central bank independence (CBI)) to improve fiscal performances in Africa, accounting for election years, and also to examine whether the effectiveness of CBI in improving fiscal performance...