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 …

Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … finance and governance as substitutes in their impact on investment implies that good governance fuels private investment and … investment, notably: political, economic and institutional governances. Financial indicators of depth, allocation efficiency …

correlate of private investment than financial intermediary development. The interaction of finance and governance is not …The study extends the debate on finance versus institutions and measurement of property rights institutions. We assess … the relationships between various components of property rights institutions and private investment, notably: political …