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dc.contributor.authorGagliardi, Francesca
dc.contributor.authorEmenalo, Chukwunonye O.
dc.identifier.citationGagliardi , F & Emenalo , C O 2019 , ' Is current institutional quality linked to legal origins and disease endowments? Evidence from Africa ' , Research in International Business and Finance .
dc.identifier.otherPURE: 16935235
dc.identifier.otherPURE UUID: ca94c25c-01f8-4331-91db-e2e0dd576cd6
dc.description© 2019 Elsevier B.V. This manuscript is made available under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International licence (CC BY-NC-ND 4.0). For further details please see:
dc.description.abstractThis paper empirically assesses if and to what extent cross-country differences in institutions inherited from the past affect current institutional quality in Africa. Specifically, the work evaluates if legal origins and disease endowments explain cross-country differences in the quality of contemporary institutions that are widely considered to be important for financial system development and other economic outcomes, such as those related to creditor rights protection and the credit information infrastructure, as well as the judicial, legal property and insolvency systems. Empirical tests are carried out on a sample of 46 African former European colonies with data on current institutional quality from 2004 to 2013. The findings reveal that the legal origins hypothesis receives strong support in the data: historical factors, rooted in legal origins, have long-lasting effects on current institutional quality in the African context. Mixed evidence is instead found for the endowment view.en
dc.relation.ispartofResearch in International Business and Finance
dc.titleIs current institutional quality linked to legal origins and disease endowments? Evidence from Africaen
dc.contributor.institutionOrganisation, Markets and Policy Research Group
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
rioxxterms.typeJournal Article/Review

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