[
Adegbite, E. O., ---amp--- Adetiloye, K. A. (2013). Financial globalization and domestic investment in developing countries: Evidence from Nigeria. Mediterranean Journal of Social Sciences, 4(6). https://doi.org/10.5901/mjss.2013.v4n6p21310.5901/mjss.2013.v4n6p213
]Search in Google Scholar
[
Akinbola, A. O., Alaka, N. S., Kowo, S. A., ---amp--- Adeyemo, A. A (2020). Family Business Operations and Sequel of Internationalisation in Nigeria. Economics and Business, 34(1), 126–138. https://doi.org/10.2478/eb-2020-000910.2478/eb-2020-0009
]Search in Google Scholar
[
Alessandro, P., Schindler, M., ---amp--- Valenzuela, P. (2009). Who benefits from Capital Account Liberalization? Evidence from Firm-Level Credit Rating Data. IMF Working paper, 09/210. https://doi.org/10.5089/9781451873573.00110.5089/9781451873573.001
]Search in Google Scholar
[
Alfaro, L., ---amp--- Charlton, A. (2006, November, 9–10). International Financial Integration and Entrepreneurship. IMF 7th Jacques Polak Annual Research Conference. Retrieved from https://www.imf.org
]Search in Google Scholar
[
Alfaro, L., Kalemi-Ozcan S., ---amp--- Volosovych, V. (2006). Why doesn’t capital flow from rich to poor countries? An empirical investigation. Review of Economics and Statistics, 3(1), 63–105. https://doi.org/10.3386/w1190110.3386/w11901
]Search in Google Scholar
[
Aizenman, J. ---amp--- Noy, I. (2003). FDI and trade: Two Way Linkages? Quarterly Review of Economics and Finance, 46(3), 317–337. https://doi.org/10.1016/j.qref.2006.02.00410.1016/j.qref.2006.02.004
]Search in Google Scholar
[
An, Y. (2005). Does foreign ownership increase financing reporting quality? Asian Academy of Management Journal, 20(2), 81–101.
]Search in Google Scholar
[
Asiedu, E., ---amp--- Lien, D. (2004). Capital controls and foreign direct investment. World Development, 32(3), 479–490. https://doi.org/10.1016/j.worlddev.2003.06.01610.1016/j.worlddev.2003.06.016
]Search in Google Scholar
[
Asiedu, E., ---amp--- Gyimah-Brempong, K. (2008). The Effect of the liberalization of investment policies on employment and investment of multinational corporations in Africa. African Development Review, 20(1), 49–66. https://doi.org/10.1111/j.1467-8268.2008.00176.x10.1111/j.1467-8268.2008.00176.x
]Search in Google Scholar
[
Arellano, M., ---amp--- Bond, S. R. (1991). Some tests of specification for panel-data: Monte Carlo Evidence and an application to employment equations. The Review of Economics Studies, 58, 277–297. https://doi.org/10.2307/229796810.2307/2297968
]Search in Google Scholar
[
Arellano, M., ---amp--- Bover, O. (1995). Another look at the instrumental variable estimation of error component model. Journal of Econometrics, 68, 29–51. https://doi.org/10.1016/0304-4076(94)01642-D10.1016/0304-4076(94)01642-D
]Search in Google Scholar
[
Bankole, A. S. (2007). Consequences of globalization for Nigeria’s growth ---amp--- development. The Nigerian Journal of Economic Society and Social Studies, 49(2), 161–189.
]Search in Google Scholar
[
Bankole, A. S., ---amp--- Ayinde, T. O. (2014). Capital account liberalization and foreign Direct investment in Nigeria- A Bound-Testing Approach. Botswana Journal Economics, 12(2), 14–32.
]Search in Google Scholar
[
Barimah, A. (2010). Financial liberalization and financial constraints: Evidence from Ghanaian Firm Data. West African Social and Management Sciences Review, 1(1), 1–29.
]Search in Google Scholar
[
Bascom, W. O. (1994). The Economics of financial reform in developing countries. London: The Macmillian Press Ltd. https://doi.org/10.1007/978-1-349-23372-410.1007/978-1-349-23372-4
]Search in Google Scholar
[
Beck, T., ---amp--- Levine, R. (2002). Industry growth and capital allocation: Does having a Market– or- Bank -Based System Matter? NBER Working Paper. No. 8982. https://doi.org/10.3386/w898210.3386/w8982
]Search in Google Scholar
[
Bigsten, A., Collier, P., Dercon, S., Gauthier, B., Gunning, J. W., Isaksson, A., Oduro, A., Oostendorp, R., Pattillo, C., Soderbom, M., Sylthroughn, M., ---amp--- Teal, F. (1999). Investment in Africa’s manufacturing sector: A Four Country Panel Data Analysis. Oxford Bulletin of Economics and Statistics, 61(4), 489–512. https://doi.org/10.1111/1468-0084.0014010.1111/1468-0084.00140
]Search in Google Scholar
[
Boamah, D., Craigwell, R., Downes, D., ---amp--- Mitchell, T. (2005). Does capital account liberalization leads to investment booms in Caribbean Economies? Caribbean enter for Monetary Studies, XXXVII Annual Conference.
]Search in Google Scholar
[
Borensztein, E., de Gregorio, J., ---amp--- Lee, J. W. (1998). How does foreign direct investment affect economic growth? Journal of International Economics, 45(1), 115–135. https://doi.org/10.1016/S0022-1996(97)00033-010.1016/S0022-1996(97)00033-0
]Search in Google Scholar
[
Brafu-Insaidoo, W., ---amp--- Biekpe, N. (2011). International capital flows and investment volatility in Selected Sub-Saharan African countries. Review of Development Finance, 1(3), 223–228. https://doi.org/10.1016/j.rdf.2011.09.00210.1016/j.rdf.2011.09.002
]Search in Google Scholar
[
Central Bank of Nigeria, (2015). Section A-financial statistics. Statistical Bulletin, Abuja, CBN.
]Search in Google Scholar
[
Central Bank of Nigeria, (2016). Section A-financial statistics. Statistical Bulletin, Abuja, CBN.
]Search in Google Scholar
[
Central Bank of Nigeria, (2017). Section A-financial statistics. Statistical Bulletin, Abuja, CBN.
]Search in Google Scholar
[
Chang, K. B. (2012). Foreign ownership and the informational efficiency of Malaysian Stocks. Unpublished Master Thesis, University of Malaysia, Sabah.
]Search in Google Scholar
[
Chari, A., ---amp--- Henry, P. B. (2003). Capital account liberalization, investment and the invisible hand. Mimeo. Retrieved from https://www.imf.org
]Search in Google Scholar
[
Chinn, M. D., ---amp--- Ito, H. (2006). What matters for financial development? Capital controls, institutions, and interactions. Journal of Development Economics, 81(1), 163–192. https://doi.org/10.1016/j.jdeveco.2005.05.01010.1016/j.jdeveco.2005.05.010
]Search in Google Scholar
[
Deepak, M., Mody, A., ---amp--- Murshid, A. P. (2001). Private capital flows and growth. Journal of Finance and Development, 38(2).
]Search in Google Scholar
[
Desai, A. M., Foley, C. F., ---amp--- James, R. H. (2003). Capital controls, liberalization and foreign direct investment. International Investment Division. Bureau of Economic Analysis, US Department of Commerce.
]Search in Google Scholar
[
Eichengreen, B. (2001). Capital account liberalization: What do cross-country studies tell us? The World Bank Economic Review, 15(3), 341–365. https://doi.org/10.1093/wber/15.3.34110.1093/wber/15.3.341
]Search in Google Scholar
[
Evans, D. S., ---amp--- Jovanovic, B. (1989). An estimated model of entrepreneurial choice under liquidity constraints. Journal of Political Economy, 97, 808–827. https://doi.org/10.1086/26162910.1086/261629
]Search in Google Scholar
[
Fafchamps, M., ---amp--- Oostendorp, R. H. (1999). Investment. Amsterdam: ASI-VU.
]Search in Google Scholar
[
Feldstein, M. ---amp--- Horioka, C. (1980). Domestic saving and international capital flows. Economic Journal, 90(358), 314–329. https://doi.org/10.2307/223179010.2307/2231790
]Search in Google Scholar
[
Foong, S. S., ---amp--- Lim, K. P. (2016). Stock market liberalization: Firm-level evidence from Malaysia. Asian Academy of Management Journal of Accounting and Finance, 12(1), 19–42. https://doi.org/10.21315/aamjaf2016.12.S1.210.21315/aamjaf2016.12.S1.2
]Search in Google Scholar
[
Fry, M. J. (1980). Savings, investment growth and the cost of financial repression. World Development, 8(4), 317–327. https://doi.org/10.1016/0305-750X(80)90030-310.1016/0305-750X(80)90030-3
]Search in Google Scholar
[
Fry, M. J. (1982). Models of financial repressed developing economies. World Development, 10(9). https://doi.org/10.1016/0305-750X(82)90026-210.1016/0305-750X(82)90026-2
]Search in Google Scholar
[
Galindo, A., F, Schiantarelli, ---amp--- Weiss A. (2002). Does financial liberalization improve the allocation of investment? Micro evidence from developing countries. Journal of Development Economics, 83(2), 562–587. https://doi.org/10.1016/j.jdeveco.2005.09.00810.1016/j.jdeveco.2005.09.008
]Search in Google Scholar
[
Gemech, F. (2003). The McKinnon-Shaw hypothesis thirty years on: A review of recent developments in financial liberalization theory. Paper presented at development studies association (DSA): Annual conference on ‘globalization and development. Glasgow: Scotland.
]Search in Google Scholar
[
Harrison, A., ---amp--- McMillian M. S. (2003). Does foreign direct investment affect domestic firms credit constraint? Journal of International Economics, 61, 73–100. https://doi.org/10.1016/S0022-1996(02)00078-810.1016/S0022-1996(02)00078-8
]Search in Google Scholar
[
Harrison, A., Love, I., ---amp--- McMillian, M. S. (2004). Global capital flow and financing constraints. Journal of Development Economics, 75, 269–301. https://doi.org/10.1016/j.jdeveco.2003.10.00210.1016/j.jdeveco.2003.10.002
]Search in Google Scholar
[
Henry, P. B. (2000). Stock market liberalization, economic reform, and emerging market equity prices. Journal of Finance, 55(2), 529–564. https://doi.org/10.1111/0022-1082.0021910.1111/0022-1082.00219
]Search in Google Scholar
[
Henry, P. B. (2007). Capital account liberalization: Theory, evidence, and speculation, Journal of Economic Literature, 45(4), 887–935. https://doi.org/10.1257/jel.45.4.88710.1257/jel.45.4.887
]Search in Google Scholar
[
Laeven, L. (2001). Financial liberalization and financial constraints: Evidence from panel data on emerging economies. World Bank WP, No. 2467.
]Search in Google Scholar
[
Lee, K-K. (2003). Capital account liberalization and investment: Did liberalization spur investment efficiency in Korea? Mimeo from Ritsumeiken University. Retrieved from https://www.ritsumei.ac.jp
]Search in Google Scholar
[
Levin, R., ---amp--- Zervos, S. (1998). Capital control liberalization and stock market development. World Development, 26(7), 1169–1183. https://doi.org/10.1016/S0305-750X(98)00046-110.1016/S0305-750X(98)00046-1
]Search in Google Scholar
[
Lewis, A. (1992). From planning to practice. British Journal of Special Education, 19(1), 24–27. https://doi.org/10.1111/j.1467-8578.1992.tb00398.x10.1111/j.1467-8578.1992.tb00398.x
]Search in Google Scholar
[
Mishkin, F. (2001). Financial policies and the prevention of financial crises in emerging market counties. NBER working paper No. 8087. https://doi.org/10.3386/w808710.3386/w8087
]Search in Google Scholar
[
Mody, A., ---amp--- Musrhid, A. P. (2005). Growing up with capital flows. Journal of International Economics, 65, 249–266. https://doi.org/10.1016/j.jinteco.2004.02.00310.1016/j.jinteco.2004.02.003
]Search in Google Scholar
[
Montiel, P.J. (1998). The capital inflow problem. Economic development institute, Washington, D.C: World Bank.
]Search in Google Scholar
[
Montiel, P. J., ---amp--- Reinhart, C. (1999). Do capital controls and macroeconomics policies influence the volume and composition of capital flow? Evidence from the 1990’s. Journal of international Money and Finance, 18, 619–635.10.1016/S0261-5606(99)00021-2
]Search in Google Scholar
[
Morisset, J. (1993). Does financial liberalization really improve private investment in developing countries? Journal of Development Economics, 40(1), 133–150. https://doi.org/10.1016/0304-3878(93)90107-X10.1016/0304-3878(93)90107-X
]Search in Google Scholar
[
Mouna, G., ---amp--- Mondher, C. (2014). Threshold effects of the capital account liberalization and FDI relationship. Chinese Business Review, 13(9), 562–577. https://doi.org/10.17265/1537-1506/2014.09.00310.17265/1537-1506/2014.09.003
]Search in Google Scholar
[
Mouna, G., ---amp--- Mondher, C. (2015). Capital account openness, political institution and FDI in MENA Region: An empirical investigation. Economics: Retrieved from http://www.economics-ejournal.org/economics/dissussionpaper.
]Search in Google Scholar
[
Noy, I., ---amp---Vu, T. B. (2007). Capital account liberalization and foreign direct investment. Working Paper, No. 07, University of Hawaii. https://doi.org/10.1016/j.najef.2007.04.00110.1016/j.najef.2007.04.001
]Search in Google Scholar
[
Nwafor, J. U., Odey, F. I., ---amp--- Effiong, C. E. (2017). Financial Liberalization and Domestic Savings in Nigeria: An Empirical Analysis. International Journal of Development Economics and Sustainability, 5(6), 84–97.
]Search in Google Scholar
[
Obadan, M. I. (2006). Capital account liberalization: Experience from the emerging market economies. Central Bank of Nigeria Economic and Financial Review, 44(4), 185–220.
]Search in Google Scholar
[
Obstfeld, M. (1998). The global capital market: Benefactor or menace?” Journal of Economic Perspectives, 12(4), 9–30. https://doi.org/10.1257/jep.12.4.910.1257/jep.12.4.9
]Search in Google Scholar
[
OECD (2006). Investment Policy Review. Russian Federation. Enhancing policy transparency: Paris: OECD Publ.
]Search in Google Scholar
[
Omodero, C. O. (2019). External Debt Financing and Public Capital Investment in Nigeria: A Critical Evaluation. Economics and Business, 33, 111–126. https://doi.org/10.2478/eb-2019-000810.2478/eb-2019-0008
]Search in Google Scholar
[
Safari, K. (2020). Contribution of Internationalisation to SME growth: Evidence from the Kenyan Manufacturing sector. Economics and Business, 34, 261–272. https://doi.org/10.2478/eb-2020-001710.2478/eb-2020-0017
]Search in Google Scholar
[
Sakyi, D., Boachie, M.K., ---amp--- Nmurana, M. (2016). Does financial development drive private investment in Ghana? Economies, 4(27). https://doi.org/10.3390/economies404002710.3390/economies4040027
]Search in Google Scholar
[
Sarode, S. (2012). Effects of foreign direct investment on capital account and GDP: empirical evidence from India. International Journal of Business and Management, 7(8). https://doi.org/10.5539/ijbm.v7n8p10210.5539/ijbm.v7n8p102
]Search in Google Scholar
[
Shrestha, M. B., ---amp--- Chowdhury, K. (2005). ARDL modelling approach to testing financial liberalization hypothesis. Economic working paper series. University of Wollongong.
]Search in Google Scholar
[
Stiglitz, J. (1994). Economic growth revisited. Industrial and corporate change, 3(1), 65–110. https://doi.org/10.1093/icc/3.1.6510.1093/icc/3.1.65
]Search in Google Scholar
[
Stulz, R. (1999). Globalization of capital markets and the cost of capital. Journal of Applied Corporate Finance, 12(3), 8–25. https://doi.org/10.1111/j.1745-6622.1999.tb00027.x10.1111/j.1745-6622.1999.tb00027.x
]Search in Google Scholar
[
Wang, H. (2003). A stochastic frontier analysis of financing constraints on investment: The Case of financial liberalization in Taiwan. Journal of Business and Economic Statistics, 2003. https://doi.org/10.2139/ssrn.35364010.2139/ssrn.353640
]Search in Google Scholar
[
Yang H., Shi F., Wang J., ---amp--- Jing Z. (2019). Investigating the relationship between financial liberalization and capital flow waves: A panel data analysis. International Review of Economics and Finance, 59(c), 120–136. https://doi.org/10.1016/j.iref.2018.08.01110.1016/j.iref.2018.08.011
]Search in Google Scholar