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Law, Finance and Investment: does legal origin matter in Africa?

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  • Asongu Simplice

    ()
    (Yaoundé/Cameroun)

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.

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File URL: http://www.afridev.org/RePEc/agd/agd-wpaper/Law-finance-and-investment.-Does-legal-origin-matter.pdf
File Function: Revised version, 2013
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Bibliographic Info

Paper provided by African Governance and Development Institute. in its series Working Papers with number 11/013.

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Length: 40
Date of creation: 10 Nov 2011
Date of revision:
Handle: RePEc:agd:wpaper:11/013

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Keywords: Law; Finance; Investment; Developing countries;

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