This paper discusses the potential role that SWFs could play in African economies, both as recipient countries and home countries. We use new hand collected data to document the landscape of African SWFs as well as SWFs interventions on the continent. Our analysis shows that African SWFs are...

Using a sample of US acquisitions in Africa over the last 2 decades, we assess the long term performance of international acquisitions in Africa, and the impact of firm and country level governance characteristics on reported performance. We show that acquirers do not benefit from these...

Using three nationally representative surveys from the country, we estimate the private rates of returns to education in The Gambia. To obtain consistent estimates, we exploit exogenous variation in school availability in the country at the district level at the time current wage earners where...

This study analyzes the global manganese value chain, with the objective of understanding types and sources of project finance, and the role of development finance institutions (DFIs). We find that DFIs participation in transactions involving the iron group of metals, which encompasses...

The new NYSE rules for corporate governance require the audit committee to discuss and review the firm's risk assessment and hedging strategies. They also put additional requirements for the composition and the financial knowledge of the directors sitting on the board and on the audit committee....

We examine the long run performance of M&A transactions in the property-liability insurance industry. We specifically investigate whether such transactions create value for the bidders' shareholders and assess how corporate governance mechanisms affect such performance. Our results show that M&A...