Journal article
Institutional Risk and Firm Performance in Africa: The Moderating Role of Corruption Control†
Abstract
How does institutional risk influence firm performance in Africa? While most studies focus on formal institutional risk, I argue that informal institutional risks are equally influential. Consistent with that view I use informal institutions theory and multilevel techniques to analyze data from 411 firms in 18 African countries. I find negative effects of informal institutional risks (socioeconomic conditions) on firm performance. In addition, …
Authors
Zoogah DB
Journal
Africa Journal of Management, Vol. 4, No. 4, pp. 401–425
Publisher
Taylor & Francis
Publication Date
October 2, 2018
DOI
10.1080/23322373.2018.1522172
ISSN
2332-2373