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Law, Finance and Investment: does legal origin matter?

Simplice Asongu

MPRA Paper from University Library of Munich, Germany

Abstract: This paper assesses if legal origin explains domestic, foreign, private and public investments through financial intermediary channels of depth, efficiency, activity and size. 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.

Keywords: Law; Finance; Investment; Developing countries (search for similar items in EconPapers)
JEL-codes: E22 K20 K40 P50 (search for similar items in EconPapers)
Date: 2011-11-10
New Economics Papers: this item is included in nep-law
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Citations: View citations in EconPapers (31)

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