Social Sciences
4 years ago

Historical African slave trade impacts present day firm access to finance.

Academy of Management Proceedings
The Historical Roots of Firm Access to Finance: Evidence from the African Slave Trade
Lamar Pierce, Jason A. Snyder

Paper Summary

The historical slave trade in Africa affects present-day firm access to finance. It impacts formal credit and trade credit from suppliers and customers. This connection explains the link between the slave trade and current GDP levels. Cultural factors play a significant role in shaping finance and business performance.

Related papers

Business, Management and Accounting
4 years ago

Credit shock post-Lehman collapse impacts exports, especially financially distressed firms.

Working Capital
Corporate Governance
Development in Italy
1 view
Theme background image
Social Sciences
4 years ago

Historical African slave trade impacts present day firm access to finance.

Culture Influence
Financial Access
Islamic Banking
1 view
Business, Management and Accounting
6 years ago

Trade credit signals creditworthiness for Ethiopian retailers, impacting access to bank loans.

Working Capital
1 view