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dc.contributor.authorHuang, Flora
dc.contributor.authorYeung, Horace
dc.date.accessioned2020-03-06T14:32:04Z
dc.date.available2020-03-06T14:32:04Z
dc.date.issued2018-04-26
dc.identifier.citationHuang, F. and Yeung, H., (2018). 'Law–finance–growth nexus in the context of Africa'. Law and Development Review, 11(2), pp.513-555.en_US
dc.identifier.issn1943-3867
dc.identifier.doi10.1515/ldr-2018-0028
dc.identifier.urihttp://hdl.handle.net/10545/624570
dc.description.abstractThis article seeks to put the law–finance–growth nexus into the context of Africa. As of 2017, the African Securities Exchanges Association has 27 securities exchanges as full members. The Johannesburg Stock Exchange is the most developed of all, especially with respect to its market capitalization. Its socio-legal proximity with the English system may provide a good explanation to its phenomenal growth relative to the rest in the region. However, such a socio-legal proximity is indeed shared by a number of other former British colonies such as Nigeria and Zimbabwe. Law alone may not account for the rise of the Johannesburg Stock Exchange. Furthermore, this article seeks to argue whether there is a genuine need for the African countries to have a stock market, which requires highly evolved legal, market and governmental institutions and norms that often do not pre-exist in these countries. On the one hand, the article will look at Africa in general. On the other hand, it will put certain discussions into the context of selected African countries.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherDe Gruyteren_US
dc.relation.urlhttp://repository.essex.ac.uk/id/eprint/21948en_US
dc.relation.urlhttps://www.degruyter.com/view/j/ldr.2018.11.issue-2/ldr-2018-0028/ldr-2018-0028.xmlen_US
dc.subjectAfrica; institutions; economic development; law; financeen_US
dc.titleLaw–finance–growth nexus in the context of Africaen_US
dc.typeArticleen_US
dc.identifier.eissn1943-3867
dc.contributor.departmentUniversity of Essexen_US
dc.identifier.journalLaw and Development Reviewen_US
dcterms.dateAccepted2018-01-02
dc.author.detail787006en_US


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