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Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance / Otuo Serebour Agyemang, Giulia Fantini, Abraham Ansong

Journal of African Business, Volume: 17, Issue: 2, Pages: 225 - 253

Swansea University Author: Giulia Fantini

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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 f...

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Published in: Journal of African Business
ISSN: 1522-8916 1522-8916
Published: 2016
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URI: https://cronfa.swan.ac.uk/Record/cronfa34107
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first_indexed 2019-04-15T09:02:33Z
last_indexed 2019-05-16T13:54:52Z
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spelling 2019-05-15T16:39:24.5928499 v2 34107 2017-05-31 Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance 290e83934e79a0a29aec6575e0f82262 0000-0001-6923-0929 Giulia Fantini Giulia Fantini true false 2017-05-31 BAF 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. Journal Article Journal of African Business 17 2 225 253 1522-8916 1522-8916 Corporate governance, Institutional structures, Country-level governance, Prevalence of foreign ownership, African countries 31 12 2016 2016-12-31 10.1080/15228916.2016.1145179 http://www.tandfonline.com/doi/abs/10.1080/15228916.2016.1145179?journalCode=wjab20 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2019-05-15T16:39:24.5928499 2017-05-31T23:40:25.2328826 School of Management Economics Otuo Serebour Agyemang 1 Giulia Fantini 0000-0001-6923-0929 2 Abraham Ansong 3
title Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
spellingShingle Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
Giulia, Fantini
title_short Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
title_full Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
title_fullStr Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
title_full_unstemmed Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
title_sort Unearthing the Integral Determinants of Foreign Ownership Prevalence of Companies in Africa: Role of Country-level Governance
author_id_str_mv 290e83934e79a0a29aec6575e0f82262
author_id_fullname_str_mv 290e83934e79a0a29aec6575e0f82262_***_Giulia, Fantini
author Giulia, Fantini
author2 Otuo Serebour Agyemang
Giulia Fantini
Abraham Ansong
format Journal article
container_title Journal of African Business
container_volume 17
container_issue 2
container_start_page 225
publishDate 2016
institution Swansea University
issn 1522-8916
1522-8916
doi_str_mv 10.1080/15228916.2016.1145179
college_str School of Management
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hierarchy_top_id schoolofmanagement
hierarchy_top_title School of Management
hierarchy_parent_id schoolofmanagement
hierarchy_parent_title School of Management
department_str Economics{{{_:::_}}}School of Management{{{_:::_}}}Economics
url http://www.tandfonline.com/doi/abs/10.1080/15228916.2016.1145179?journalCode=wjab20
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description 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.
published_date 2016-12-31T03:52:06Z
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