Pension funds and capital market development in Africa: The role of institutional quality

AbstractThis study investigates the effect of pension funds (PF) and institutional quality (IQ) on capital market development in 48 African countries. Using a system GMM regression, the study found that the interaction between PF and IQ significantly negatively affects capital market development. Th...

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Bibliographic Details
Main Authors: Kathryn A.A.O Assefuah, Joshua Y. Abor, Saint Kuttu, Lordina Amoah
Format: Article
Language:English
Published: Taylor & Francis Group 2023-12-01
Series:Cogent Economics & Finance
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/23322039.2023.2172809