Munich Personal RePEc Archive

Law, Finance and Investment: does legal origin matter?

Simplice A., Asongu (2011): Law, Finance and Investment: does legal origin matter?

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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.

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