On the Determinants of Investment in Sub-Saharan African Manufacturing Firms

Neil Foster-McGregor

African Development Review, 2013, vol. 25, issue 4, 573–586

Abstract: Investment is a crucial factor determining economic performance at the firm as well as the country level. In this paper I identify the determinants of the decision to invest in new plant and equipment as well as the determinants of the level of such investment for a sample of firms in 19 sub-Saharan African countries. In particular, I concentrate on the role of property rights, external finance, trade status and firm ownership on investment. Results indicate that internationally trading firms, foreign owned firms and firms with better access to sources of external finance tend to be more likely to invest and to invest more, with little role for indicators of property rights in influencing investment decisions found.

Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: On the Determinants of Investment in Sub‐Saharan African Manufacturing Firms (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:adb:adbadr:2095

Ordering information: This journal article can be ordered from
http://ordering.onli ... 1111/(ISSN)1467-8268

Access Statistics for this article

African Development Review is currently edited by Adeleke Oluwole Salami

More articles in African Development Review from African Development Bank African Development Bank Group, Avenue Joseph Anoma, 01 BP 1387 Abidjan 01, Côte d'Ivoire. Contact information at EDIRC.
Bibliographic data for series maintained by John Anyanwu ().