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

Review of Black Political Economy, 41(2), pp. 145-175 (2014).

40 Pages Posted: 9 Sep 2014 Last revised: 1 Apr 2015

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Date Written: November 8, 2011

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.

Keywords: Law; Finance; Investment; Developing countries

JEL Classification: E22; K20; K40; P50

Suggested Citation

Asongu, Simplice, Law, Finance and Investment: Does Legal Origin Matter in Africa? (November 8, 2011). Review of Black Political Economy, 41(2), pp. 145-175 (2014). . Available at SSRN: https://ssrn.com/abstract=2493143 or http://dx.doi.org/10.2139/ssrn.2493143

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
14
Abstract Views
189
PlumX Metrics