The study seeks to examine how the severity of corruption in a country influences corporate governance and financing decisions of firms. We analyse 15-years (1996-2010) data pertaining to 556 non-financial firms drawn from 10 African countries using models that link firm financing, ownership...

This paper attempts to use agency theory to understand issues of governance and accountability in the public sector. It contributes to the debate about good governance in Ethiopia and by extension to the rest of Africa. The contributions are fourfold. First, using the microeconomic theory of...