Togo, finance does not seem to engender portfolio investment; (3)contrary to mainstream literature, financial efficiency … size) as well as four types of investment flows(domestic, foreign, portfolio and total). (2) The chosen investment and … assessment of the finance-investment nexus. Design/methodology/approach - VAR models in the perspectives of VECM and short …

Does it matter for domestic investment whether a country's financial system is bank based or stock-market based? This … paper posits that financial intermediation affects domestic investment notably by alleviating financing constraints …, allowing firms to increase investment in response to increased demand for output. The key result is that the structure of the …

opportunities and investment demand. Financial development primarily affects firms' external financing constraints. (2) Large firms …