Law, Finance and Investment: Does Legal Origin Matter in Africa?

Simplice Asongu

The Review of Black Political Economy, 2014, vol. 41, issue 2, 145-175

Abstract: This paper assesses if legal origin explains domestic, foreign, private and public investments through financial 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 in the cases of private and public investments. Copyright Springer Science+Business Media New York 2014

Keywords: Law; Finance; Investment; Developing countries; E22; K20; K40; P50 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://hdl.handle.net/10.1007/s12114-013-9173-7 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Law, Finance and Investment: does legal origin matter in Africa? (2011)
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:spr:blkpoe:v:41:y:2014:i:2:p:145-175

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/12114

DOI: 10.1007/s12114-013-9173-7

Access Statistics for this article

The Review of Black Political Economy is currently edited by C. Conrad

More articles in The Review of Black Political Economy from Springer, National Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().