In this survey article, we summarize the evidence from the extant literature on how sovereign laws and their enforcement impact outside investor protection, and the development of capital markets and individual firms. The body of evidence indicates the legal protections conferred on outside...

I find policies targeted at stabilizing exchange rates within the context of Nigeria's managed floating exchange rate regime have not allowed for direct inflation targeting. In spite of this constraint, which is predicted by and consistent with macroeconomic theory, however, interactions between...

I find evidence for persistence in depreciation related currency pressure in the Naira to US$ exchange rate with persistence exacerbated by private sector profitability. The empirical evidence shows the Central Bank of Nigeria (CBN) reins in depreciation pressure induced within the private...

Whereas risk tolerance is an important parameter of financial intermediation in markets for mutual funds, formal theoretical predictions show funds managers' choices of portfolio risk tolerances can be induced in entirety by wealth considerations. An important implication of this finding is the...

This study shows listings of new issues that occur in order of increasing, or decreasing average quality are general equilibrium listing paths, equivalently necessary conditions for maintenance of best valuations within stock markets. This finding demonstrates robustness of an existing price...

Using data for three publicly quoted firms, all of whom operate within the upstream oil industry, this study provides evidence for feasibility of incidence of contradictions (`contradictions of ranking') between a ranking of fundamental valuations, and corresponding ranking of market valuations....

Essence of the lemons problem of Akerlof (1970) is not easy to communicate to practitioners, particularly practitioners in realm of commercial banking. Commercial bankers, particularly those located in developing or emerging countries typically find it difficult to understand how in face of...

Corporate Social Responsibility (CSR) typically is assumed to occur outside of firms' core operations, that is within context of responsibility for the environment and social contracts. Within this traditional context, CSR consists primarily of application of corporate profits to management of...

Suppose consumers value products solely because they purvey `characteristics', ζ, which composed with time are sources of utility. Necessarily, there exists a `consumption technology (CT)', and `innovation technology (IT)' serves for the satisfaction of CT. This study arrives at an equilibrium...

Suppose an economy that seeks to maintain, in perpetuity, population size and distributions for income, savings, and consumption. Regardless of births, deaths, retirements, and entry into the work force, asymptotically, there exists an infinite lived agent and only technical change facilitates...