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Publications (6)
Book Chapter
– Moving Beyond Conventional Wisdoms
From the book: African Youth and the Persistence of Marginalization
Book Chapter
– African Youth at a Crossroads
Introduction Across the globe, today’s youth are often paradoxically considered both ‘agents of change’ who are driven by their aspirations for a better life and ‘a lost gen-eration’ who are trapped by their economic vulnerability. Nowhere is this contradiction more pronounced than in sub-Saharan...
Working Paper
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– Is It an IT Story?
This paper examines trends in idiosyncratic risk in different ‘new economy’ and ‘old economy’ industries, and explores whether these developments can be attributed to the use of IT. A CAPM-based decomposition of equity returns is employed to estimate idiosyncratic risk. The results provide evidence...
Working Paper
pdf
We study the determinants of stock market development and the growing migration of capital raising, listing, and trading activity to international exchanges. Economies with higher income per capita, sounder macro policies, more efficient legal systems with better shareholder protection, and more...
Working Paper
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This paper reviews the obstacles for an appropriate financial architecture of new economy firms in developing countries by reviewing the theoretical and some preliminary empirical underpinnings of the importance of legal and institutional barriers. Apart from the more conventional institutional and...
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