Journal article 820 views
Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
,
Abraham Ansong
Journal of African Business, Volume: 17, Issue: 2, Pages: 225 - 253
Swansea University Author:
Giulia Fantini
Full text not available from this repository: check for access using links below.
DOI (Published version): 10.1080/15228916.2016.1145179
Abstract
This study seeks to deepen our understanding on how country-level governance structures influence prevalence of foreign ownership of firms in Africa. This study reinforces the new institutional economics perspective by empirically highlighting that governance structures influence the prevalence of f...
| Published in: | Journal of African Business |
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| ISSN: | 1522-8916 1522-8916 |
| Published: |
2016
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| Online Access: |
Check full text
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa34107 |
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| Abstract: |
This study seeks to deepen our understanding on how country-level governance structures influence prevalence of foreign ownership of firms in Africa. This study reinforces the new institutional economics perspective by empirically highlighting that governance structures influence the prevalence of foreign ownership of companies in an economy. Using archival data from 39 African economies, we found that there is a significant positive association between regulatory quality and foreign ownership prevalence. Also, foreign ownership is prevalent in African countries that are politically stable and embrace rule of law. However, we found that countries with high voice and accountability structures are associated with low foreign ownership prevalence. |
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| Keywords: |
Corporate governance, Institutional structures, Country-level governance, Prevalence of foreign ownership, African countries |
| College: |
Faculty of Humanities and Social Sciences |
| Issue: |
2 |
| Start Page: |
225 |
| End Page: |
253 |