The doctoral thesis, entitled “Essays on Financing and Returns on Investment”, investigates why some economic agents invest more than others and why investments are more productive in some contexts than others.
James Dzansi examines the relationship between the financial resources that migrants remit to their home countries, and domestic investments under different levels of institutional and financial development. He also investigates whether remittance inflows spur manufacturing growth among a sample of remittance dependent economies. In addition, James has studied corporate governance literature concerning the monitoring role of large shareholders. He assesses the relevance of both extrinsic and intrinsic motives of large shareholders to minimize managerial opportunism and inefficiency.
James’ studies show that whereas increasing productive capacity is central to improving the standard of living across the developing world, the prevailing institutional, financial and corporate governance frameworks have direct and immediate impact on the incentive to invest, the availability of funds to invest and the returns on investment.
James Dzansi is affiliated to the Department of Economics, Finance and Statistics and CeFEO (Centre for Family Enterprise and Ownership).
Faculty opponent was Associate Professor Una O. Osili from Indiana University. Examining committee was Professor Steen Thomsen, Copenhagen Business School, Professor Øystein Strøm, Oslo University College and Professor Åke E Andersson, JIBS. Chair of the defence was Professor Per-Olof Bjuggren, JIBS.