Purpose: The purpose of this paper is to explore the relationship between corporate governance structures and stakeholder and shareholder value maximization perspectives in 267 African banks from 2006 to 2011. Design/methodology/approach: The authors used the Prais–Winsten ordinary least...

Much of the empirical evidence on developing economies indicates that the basic intertemporal model of the current account fails to predict the dynamics of the actual current account series. This article argues that the model can predict the dynamics of the current account series if it is...