Corruption, debt financing and corporate ownership

What is it about?

This paper documents evidence that perceived corruption distorts the financing and ownership patterns of companies in selected African countries.

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Why is it important?

Corruption is the biggest challenge that the African continent is facing as it's economic significance is increasing in the world stage. Using a unique data drawn from firms listed on African stock exchanges, the paper examines the role that perceived corruption plays in distorting firm level financing and ownership decisions.