Institutions and venture capital market development in sub‐Saharan Africa
Ebenezer Boateng,
Peterson Owusu Junior,
John G. Gatsi
et al.
Abstract:We investigate the critical interplay between economic institutions and political institutions and assess their influence on venture capital market development in sub‐Saharan Africa (SSA). To address endogeneity concern in our model specification, the two‐step system generalised method of moments was employed on a sample of 34 SSA countries from 2007 to 2018. The findings reveal that strengthening disaggregated measures of economic institutions, comprising legal system and property rights, size of government, … Show more
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