In this paper, we assess empirically the effect of two requirements set by the SOX (audit committee entirely composed of independent members and at least one member is financially knowledgeable) and four requirements set by the NYSE (majority of independent directors in the board, audit...

Financing Africa: through the crisis and beyond is a call to arms for a new approach to Africa's financial sector development. First, policy makers should focus on increasing competition within and outside the banking sector to foster innovation. This implies a more open regulatory mindset,...

Using new data from 42 African countries, we investigate the effects of public and private credit registries on firms’ access to finance as well as the effect of public credit registries’ design on the severity of the financing constraint. Our results show that access to finance is on...

This paper describes how Africa’s wind energy markets have evolved over the years and the structural characteristics affecting the development of wind energy projects on the continent; providing what we believe is the first mapping of the continent’s wind energy market. Results from our...

Using new data from 42 African countries, we investigate the effects of public and private credit registries on firms’ access to finance as well as the effect of public credit registries’ design on the severity of the financing constraint. Our results show that access to finance is on...