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Conventional economic theory asserts that inefficient markets result from a product or service for which there are no ready substitutes being provided by a single seller (i.e. a monopoly). An inefficient outcome is defined as one that does not ma…
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"The phenomenon of China in the global arena is quite significant. It presents opportunities and challenges which African policy makers and thinkers must take very seriously and respond to it very intensively. This is particularly so as other regio…
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"This study examines the impact of top management changes on stock returns in Nigeria from 1997 to 2005. The study also reflects on the impact of board composition and politics on shareholders’ wealth. The test of shareholder wealth effects around t…
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The African Growth and Opportunity Act (AGOA) offers duty-free access to the largest market in the world, and has the potential to be a major driving force in African development. Thus far, however, it has failed to live up to its potential.US impor…
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The power of constraint has evolved considerably since the Roman era. In ancient Roman law, the relationship was strictly personal, the creditor could, for reasons of non-performance, capture the debtor and according to the times, have him killed or…
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