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 …

Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper … in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of … North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of …