Property rights protection and intangible investment in the Sub-Saharan African non-financial firms

Emmanuel Ndhlovu, Ömer Doruk and Bi Irie Claude Martial Gohore

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: This empirical study examines the impact of property rights on intangible investments in sub-Saharan African (SSA) non-financial firms using firm-level data. The study employs a local projections methodology for twelve SSA countries over the period 1996–2020. Our empirical results show that property rights protection increases intangible investment in non-financial firms in the SSA region. This effect is significant for the SSA region in the long run.

Keywords: Intangible investment; Sub-Saharan Africa; Property rights protection; Non-financial firms (search for similar items in EconPapers)
JEL-codes: E22 O00 O34 P48 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012066

DOI: 10.1016/j.frl.2024.106177

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