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Property rights protection and intangible investment in the Sub-Saharan African non-financial firms

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  • Ndhlovu, Emmanuel
  • Doruk, Ömer Tuğsal
  • Gohore, Bi Irie Claude Martial

Abstract

This empirical study examines the impact of property rights on intangible investments in sub-Saharan African (SSA) non-financial firms using firm-level data. The study employs a local projections methodology for twelve SSA countries over the period 1996–2020. Our empirical results show that property rights protection increases intangible investment in non-financial firms in the SSA region. This effect is significant for the SSA region in the long run.

Suggested Citation

  • Ndhlovu, Emmanuel & Doruk, Ömer Tuğsal & Gohore, Bi Irie Claude Martial, 2024. "Property rights protection and intangible investment in the Sub-Saharan African non-financial firms," Finance Research Letters, Elsevier, vol. 69(PB).
    • Handle: RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324012066
    DOI: 10.1016/j.frl.2024.106177
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    More about this item

    Keywords

    Intangible investment; Sub-Saharan Africa; Property rights protection; Non-financial firms;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • O00 - Economic Development, Innovation, Technological Change, and Growth - - General - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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