Abstract Financial institutions in developing economies fail to provide entrepreneurs with access finance grow their businesses. This severely hampers economic development these countries. We seek explain why and develop an argument model based on Knight's theory, which we augment two ways. First, by describing problems embedded financial of economies, for use the Schumpeterian view that creati...

We examine whether the adoption of International Financial Reporting Standards (IFRS) affects economic growth in developing economies and investigate role that country-level institutional quality plays relationship. Using a panel data averaged over three non-overlapping years, from period 1996 to 2013, for 78 countries employing efficient two-step system generalised methods moment (GMM) estimat...